What are the bad effect of the Oil Deregulation Law in the Philippines?

Question

Or in other countries as well.

Answer 1

If the idustry is deregulated quality of products can decline and there could be consolidation of existing providers leading to monopoly pricing of oil and gas. Monopoly=higher prices to consumer.

Answer 2

There is no down side to deregulation, unless you have an interest in the legal monopolies that the gvmt establishes by regulation.