Independent think-tank IBON Foundation criticizes the Department of Energy and Malacañang for passing the zero oil tariff cut, saying that reduced tariffs in the last three months has resulted in even higher prices of oil products. BY IBON FOUNDATION Posted by Bulatlat Vol. VIII, No. 16, May 25-31, 2008 Independent think-tank IBON Foundation criticizes the…
Tags: oil price hikes
The Plight of a Filipino Jeepney Driver
BY JANESS ANN J. ELLAO Bulatlat Vol. VIII, No. 15, May 18-24, 2008 Hurting from the continuous oil price hikes, militant labor leaders echoed their sentiments along the streets of Quezon City during the recent transport strike. All of them were clamoring for changes. All of them were fighting for a better life. As they…
‘Solusyon’ ng Pamahalaan sa Pagtaas ng Presyo ng Langis
May mga ginagawa naman ang pamahalaan para bigyang-solusyon ang sunud-sunod na pagtaas ng presyo ng langis. Ang tanong lang siyempre ay kung sapat ba ang mga ito para makatulong sa mga tao. NI DANILO ARAÑA ARAO Konteksto / Pinoy Weekly Inilathala ng Bulatlat Vol. VIII, No. 15, May 18-24, 2008 May mga ginagawa naman ang…
Roxas: Suspension of VAT on Oil is Relief for the Poor
Sen. Manuel “Mar” Roxas III said that suspending the Value-Added Tax on oil products will give relief to the poor at the forum “People’s Response to the Rising Oil Prices,” Jan. 26, at the University of the Philippines in Diliman, Quezon City. BY EMILY VITAL Bulatlat Vol. VII, No. 50, January 27-February 2, 2008 Sen.…
Rollbacks Not Enough, Oil Products Still Overpriced
Despite the recent oil price rollbacks, IBON computations show that oil products in the country are still overpriced by P2.12 ($0.043) per liter. While the Filipino people suffers from increases in the prices of basic goods and services, oil companies earned P3.32 billion ($68,729,945) from January to November, 2006, of which more than P2.86 billion…
Root of High Oil Prices
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 Middle East and financial crisis of Russian oil giant Yukos, stricter environmental…
Oil Giants Can Control Surge in World Prices
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 like Exxon Mobil (US), Chevron Texaco (US), Royal Dutch Shell (Britain-Netherlands), British Petroleum (Britain), Total…
Deregulated Fares Loom in the Wake of Oil Deregulation
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 transportation fares, anyone? The deregulation of the downstream oil industry will not only result in continued increase in…