By INA ALLECO R. SILVERIO Bulatlat.com Main story:Oil price review committee, deodorant of oil cartel-Aquino govt collusion? MANILA — Two lawmakers are not convinced that the findings of the Independent Oil Price Review Committee (IOPRC) are correct. Bayan Muna Rep. Teddy Casiño and Gabriela Women’s Party Rep. Emmi de Jesus both denounced the findings of…
Tags: overpricing of oil
Oil price review committee, deodorant of oil cartel-Aquino govt collusion?
By MARYA SALAMAT
Progressive groups are criticizing the Independent Oil Price Review Committee for limiting itself to ‘surface data’ and refusing to delve deeper into the supply contracts and inventories of oil companies; for starting from the assumption that the Oil Deregulation Law is for the people’s benefit; and for relying on data ‘voluntarily supplied’ by oil companies.
Sidebar:Probe on findings of Independent Oil Price Review Committee urged
Oil Firms, Malacañang Unjustly Squeeze P329 M Every Day from Consumers
The oil companies and Malacañang together squeeze about P328.98 million ($6,783,092 at the current exchange rate of $1=P48.50) in unjust collections everyday from Filipino consumers. This brazen act of exploitation is downright condemnable, especially today that millions of workers face unprecedented job scarcity and poverty. BY ARNOLD PADILLA Contributor Bulatlat Pump prices continued its downtrend…