Members of the Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (PISTON) renewed their call to the Big Three oil companies to stop oil price hikes during a noise barrage held in Cubao, Quezon City on Thursday. According to George San Mateo, PISTON secretary-general, since the lifting of E.O. 839, the big 3 oil…
Tags: EO 839
By ARNOLD PADILLA
Malacañang is threatening to reimpose an oil price control if oil companies will not follow the conditions outlined by Mrs. Arroyo. Government, however, has given up the high ground with its lifting of EO 839 and continued adherence to the discredited deregulation policy.
Arroyo’s Price Caps Further Expose ‘Greed’ of Oil Firms, Underscore Need to Repeal Oil Deregulation Law
By MARYA SALAMAT
Despite its limitations, the oil-price caps have irked Big Business and their think tanks and they have been lobbying to have it lifted. Fearing EO 839 could set a dangerous precedent to its business, Shell even filed a case in court against Arroyo’s order. But consumers and critics say that if Arroyo is really sincere in protecting consumers, she should use her power to have the Oil Deregulation Law repealed.