International oil price data show local oil prices should have been going down rather than up.
Big time oil price hike questioned amid falling global oil prices
Tags: Oil cartel in the Philippines
Precious Oil
The Independent Philippine Petroleum Companies Association (IPCA) announced that the public will again expect (dread seems to be a more appropriate word) another round of fuel price increases averaging at P0.50 per liter in the coming weeks. This, IPCA Chairman Glen Yu said, will have to be implemented because of a $4 dollar per barrel…