Oil subsidy for public transport not enough— KMU

PRESS RELEASE
April 1, 2011

Labor center Kilusang Mayo Uno (KMU) criticized what it called President Benigno “Noynoy” Aquino III’s another “pa-pogi” move amidst massive protests against the unabated oil price hikes, the one-month oil subsidy to public transport, saying this is too meager compared with what Filipinos really need and ask for.

“We are not asking for a meager oil subsidy that will only last for a month. The P500-million oil subsidy is very small compared with the P11 billion being squeezed by the oil cartel per month from the people through the P7.50 per liter overpricing. This is only one-third of the P1.3 billion per month being collected by the Aquino government from E-VAT on oil products,” said Roger Soluta, KMU secretary-general.

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“Given the rapacity for profits of the oil cartel, it is most likely that after a month of providing oil subsidies to public transport, another four rounds of oil price increases have already been implemented. Worse, this P500-million oil subsidy can be seen as funds being robbed from the public money and channeled into the profit coffers oil sharks Petron, Shell and Caltex,” Soluta said.

“What the Filipino workers and people really need and ask for are big-time rollbacks of oil prices, an end to the P7.50 per liter overpricing, the scrapping of the E-VAT on petroleum products and the repeal of the Oil Deregulation Law,” Soluta said.

Noynoy in fear

“The nationwide people’s protest against oil price hikes yesterday which paralyzed transportation in many areas in the country has prompted President Aquino to respond to the continuous oil price hikes. This shows that we can force the regime to act on our legitimate demands only through our militant and collective action,” Soluta said.

“Yesterday’s people’s protest is just the start. We will launch massive protests in the coming days because President Aquino continues to favor the interest of the oil cartel for bigger profits over the interests of the Filipino workers and people,” Soluta concluded.#

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