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By MARYA SALAMAT
"If the House can fast track the impeachment of Chief Justice Corona, I'm sure we can also fast track the various measures that would halt the incessant oil price hikes and possibly even reduce prices of oil and petroleum products." – Bayan Muna Rep. Teddy Casiño.
Youths march a dragon to drive away ‘bad luck’ of price, tuition hikes(Photo by Pher Pasion)
With the way speculators and giant oil companies have been playing with oil prices, one could not help but be incensed. Why would oil prices rise when there has been no supply shock nor an increase in costs of producing oil? The sharp increases in pump prices have...
“While it is complicated, we need to understand that oil is now primarily traded in the international futures markets… The spiraling of prices is mainly dictated by buyers and traders who gamble on the future price of oil in the name of superprofit-taking.” –...
By MARYA SALAMAT
During the first three weeks of January alone, the three biggest oil companies have increased the price of diesel by P2.70 ($0.062) per liter, regular gasoline by P2.60 ($0.60) per liter, unleaded gasoline by P2.20 ($0.51) per liter and kerosene by P2.50 ($0.058) per liter.
By MARYA SALAMAT
Piston blamed the greed for profits by the oil companies and the greed for the Value-Added Tax (VAT) on oil by the Aquino government as the conjoined reasons why the Aquino administration and the energy department are colluding with the monopoly oil companies.
By MARYA SALAMAT
Given the worsening hunger and poverty in the Philippines and the already soaring prices of commodities, the 'triple threats' of new price hikes may well turn out to be the “straw that would break the camel’s back.” - Lana Linaban, Gabriela
By ALDWIN QUITASOL Northern Dispatch BAGUIO CITY – Jeepney drivers and operators led by the Pinagkaisang Tsuper at Operators Nationwide (Piston) condemned in coordinated protest-actions all over the Philippines the alleged collaboration of the administration of...
By MARYA SALAMAT
“It is well within the capacity of the Big Three oil companies to implement a significant rollback as their profits have steadily increased in recent years. It is simply revolting for us poor people to see the Big Three’s profits soar as oil prices rise unabated while we suffer from poverty and hunger.” – KMU
PRESS RELEASE 15 August 2011 MANILA -- Labor center Kilusang Mayo Uno condemned the Big 3 oil companies for implementing a less than P2.00 rollback in the prices of petroleum products today, saying a significant rollback should be implemented to provide immediate...
By CHRISTIAN RAY BUENDIA Bulatlat.com LOS BANOS, Laguna — Decrying the barrage of oil price hikes under the Aquino administration, militant transport group Southern Tagalog Region Transport Organization-Piston (Starter-Piston) and Bagong Alyansang Makabayan-Timog...
By MARYA SALAMAT
Comparing the local oil prices to that in other countries in the past years, Piston said the local pump prices have risen far more than the amount necessitated by price movements abroad and the peso-dollar exchange rate. The transport group continues to accuse the oil companies of overpricing oil products by “an average at least of P7.50 ($0.17) per liter.”
By Bulatlat.com MANILA -- The profits of the Big Three oil firms are rising as rapidly as the increasing oil prices, with a record of at least Php141.7 billion in profits in the last decade. This is more than the combined income of the country’s poorest 2.36...
By IBON Foundation Global oil prices are reaching record highs not because of unmanageable factors. In reality, giant transnational oil corporations that exert monopoly control over the global oil industry have the capacity to bring down oil prices. Super companies...
By Arnold Padilla, IBON Senior Researcher A recent article by Reuters tried to explain why oil prices are high. It gave five major reasons: Rising demand driven in particular by Chinese and Indian markets, lack of spare supply capacity, political tensions in the...
The call to nationalize not only aims to protect the downstream oil sector. It also helps stem the tide of deregulation, liberalization and privatization of related economic sectors like transportation. By DANILO ARAÑA ARAO Bulatlat.com Deregulated land...
By MARYA SALAMAT
Government agencies such as the MMDA (Metro Manila Development Authority) belittled the day of protest but President Benigno Simeon Aquino III signed and announced that day a previously pending executive order that would give discounts and subsidies to public utility vehicles.
| Sidebar: Government Tried to Quell People’s Protest Vs Oil Overpricing
By MARYA SALAMAT Bulatlat.com MANILA –The March 31 nationwide People’s Protests against oil overpricing pushed through as scheduled last Friday, despite government efforts to quell the protests through threats of franchise cancellations and possible use of police...
By ANNE MARXZE D. UMIL
Jeepney drivers say oil price increases and fare hikes worsen the conditions of drivers even more because they are also affected by spikes in prices of basic commodities resulting from these increases.
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.
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