MEDIA RELEASE Aug 17, 2011 MANILA — “It is revolting how the oil cartel, in connivance with the Aquino regime, continues to boost their already-huge profits out of workers’ and people’s misery over the overpricing and skyrocketing prices of petroleum products.” This was the statement of labor center Kilusang Mayo Uno as it condemned the…
Tags: big three
Consumers Vs. Oil Cartel: A New Round Starts
BY ARNOLD PADILLA Contributor Bulatlat MANILA –Oil firms, in particular the so-called Big Three, are again on the defensive. A trial court judge has ordered them to open their books of account for scrutiny. The order is meant to determine if the three oil firms operate as a cartel. Meanwhile, the Arroyo administration’s chief economist…