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Philippines considers lifting post-storm oil price controls

Eighteen dead, 300,000 hit by floods in Thai south: govt
Bangkok (AFP) Nov 10, 2009 - Floods and mudslides in southern Thailand have killed 18 people and affected more than 300,000 over the past five days, the interior ministry said Tuesday. Ten provinces in the south have been hit by monsoon rains since Thursday, the Disaster Prevention and Mitigation department said in a statement. "There are 18 people dead and 327,025 people have been affected. Currently the situation has eased in four provinces," it said. Ten of the deaths occurred in Narathiwat and six in Yala, two of the Muslim-majority southernmost provinces bordering Malaysia that have been gripped by a bloody separatist insurgency since January 2004.
by Staff Writers
Manila (AFP) Nov 10, 2009
The Philippines said Tuesday it is considering lifting price controls on oil products after energy officials warned the typhoon-ravaged country could end up running out of petrol within weeks.

President Gloria Arroyo last month froze petrol prices on the main island of Luzon to their pre-September 26 levels to help the country recover from the deadly storms.

Some companies have since ease up on import volumes as crude prices rise. Several areas of the country have reported long pump station queues and key supplies such as diesel running out.

The cabinet on Tuesday discussed the oil firms' call to lift oil price freeze order, Arroyo aides said.

Economic Planning Secretary Augusto Santos said Arroyo ordered the civil defence office to determine whether the nation remained under a "state of calamity," the only condition under which Manila can impose controls on a deregulated industry.

The government said floods, landslides and disease after the recent storms killed at least 1,169 people, with some 97,000 still at evacuation centres.

The World Health Organization said 1.1 million people are still living in flooded areas.

Energy Secretary Angelo Reyes told the cabinet meeting that the Philippines' oil supply had dwindled to 8-13 days' worth, from three months originally, Santos added.

Trade Secretary Peter Favila said the government is separately consulting oil company executives to discuss other ways of helping the transport sector recover.

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Clinton to visit storm-hit Philippines
Washington (AFP) Nov 6, 2009
US Secretary of State Hillary Clinton said Friday she will travel to the Philippines next week to "show solidarity" with the storm-battered nation, just after her visits to Singapore and Berlin. Clinton also announced she will join President Barack Obama during his visit to China from November 15-18, her second trip as chief diplomat to the country the Obama administration recognizes as a ke ... read more







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