The Department of Energy (DOE) has yet to receive any notification from Petron Corporation on its alleged plan to permanently close its refinery in Limay, Bataan.

 

Based on news reports, the company is still in the middle of dialogues with the government regarding tax issues.  

 

We at the DOE are looking into the taxation concerns raised in coordination with the Department of Finance. At the same time, we are also evaluating how a closure scenario would impact pricing, as well as the country's energy security. 

 

We will closely monitor the developments as we affirm to be always with our stakeholders in finding solutions to whatever hurdles the industry is facing. 

 

But whatever business measures Petron will arrive at in the course of its discussion with the concerned parties, we at the DOE will respect the management's decision.