‘Every day Aquino delays investigating oil overpricing is glorious day for oil cartel’ – PISTON

MANILA – Members of Piston (Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide) held a picket in front of Petron office in Ortigas Center, Mandaluyong City Aug 1. They condemned the recent spate of increases in oil prices and the Aquino government’s inaction in the face of persistent claims by various organizations that the oil cartel is overpricing their products.

The price increase in unleaded and premium gasoline last Monday is the fourth in a rapid succession of price increases of unleaded and premium gasoline of late, Piston complained. Gasoline prices have now increased by a total of P4.50.

Many public transport drivers such as those driving tricycles and FX/AUV use gasoline to run their vehicles. They complain that every increase in cost of fuel increases the cost of ferrying passengers and correspondingly diminishes their takehome pay. It does not help that prices of utilities and foodstuff are also increasing.

On the day the drivers picketed Petron, big oil companies, including Petron, also raised by P11 per kilo the price of LPG, in effect raising by P77 the price of an ordinary 11-kilogram LPG often used by average consumers for cooking. The LPG price increase also affected many drivers of metered taxi.

These oil price hikes and the continuing oil “overpricing” are imposing additional burden to public transport drivers, said George San Mateo, national president of Piston. Amidst a quick sucession of typhoons lashing the Philippines, oil prices are ceaselessly increasing too, and coupled with hikes in electricity and water rates plus hikes in prices of basic goods, Filipinos are suffering more nowadays, San Mateo said during their picket.

What’s worse, San Mateo added, is the Aquino government’s inaction. “It is as if the Aquino government is just watching the people get inundated by rising floodwaters and prices.”

Piston accused the Aquino government of conniving with the oil cartel in allowing its oil overpricing and ceaseless price hikes. San Mateo accused Aquino of deliberately not doing anything about the much-complained of Oil Deregulation Law, because the president’s uncle, tycoon Danding Cojuangco, is the owner of Petron, one of the largest oil companies in the oil cartel.

San Mateo vowed that his group will press ahead with the campaign to renationalize Petron, “because it is crucial for a government to have a national state oil company in its control if it is to credibly counter the oil monopoly and oil overpricing.” He added that it is only with a publicly owned oil company that we can hope to develop an oil industry for the benefit of the people and for advancing industrialization.

Piston also dared the Department of Energy to release as soon as possible the result of its Independent Oil Price Review Commitee (IOPRC) which was begun early this year. When it started, the Review committe announced they would come out with a report by July.

Every day that the result of that investigation was delayed is cheerful news to the oil cartel, because they can continue with their overpricing and oil price hikes, San Mateo said.

Piston warned that their members and allies nationwide are preparing to launch a Nationally Coordinated Protest if the oil price hikes continued unabated.

Text by Marya Salamat
Photos by George San Mateo


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  1. “Appropriate” authorities,both in N.Z. and Australia,have often been said to have investigated price hikes of petrol available to the public in those countries after hundreds of thousands of users complained to their respective governments during the past 15 years,ONLY to return an obscure finding(if any!) which failed to implicate any particular culprit amongst all of the companies or individuals involved along the chain from crude oil to maketing the refined end-products.
    The folks involved in the utilization of oil and it’s products are far too clever to enable anyone to fathom when prices rise in response to difficulties of oil supply(if there are indeed EVER any true difficulties..even that could be a manufactured furfy!),how long before the the prices of the end-product petrol will begin to show at the petrol-pump.Vice-versa,when supplies of oil revert to “the norm.”and oil-barrel costs drop;at what time after that change to cheaper oil can the petrol–user expect to see his purchase-price drop more to his advantage?!
    I suggest that the only real way to put pressure on to the fuel companies to force them to maintain a fair purchase-price is to BOYCOTT their products for 24-48 hours..no number of enquiries will yield a satisfactory explanation..the Owners are too powerful and often tied up somehow with enough officials and politicians to divert any truths away from the enquirers.

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