It can be guesstimated that the total additional profits generated by the oil firms from overpricing gasoline and diesel is about P142.50 million a day. Of this amount, P17.10 million went to government in the form of the 12 percent value-added tax (VAT).
Remembering the oil pipe leak that occurred in 2010, which also caused sufferings on the coastal villages in Cavite, the newly-formed group, the Close Petron Depot Movement (CPDM), said the Petron oil depot poses a “constant threat to the lives of fisherfolk and urban poor.”
“A study published in the IAMURE International Journal on Marine Ecology estimated that the damage to the affected ecosystems and the fisheries sector may last for up to two generations. Petron is claiming the situation in Cavite is under control, but coral reefs have reportedly been smothered by oil sludge, and reported fish and shellfish kills mean the oil slick has also affected the functions of marine species.” – Kalikasan PNE
Read also: Petron should fast track clean up, pay compensation for oil spill – fisherfolk group
“Not a single centavo of taxpayers money should be spent for the clean up. Petron and its accomplice in the crime – the owners and operators of MV Makisig – should pay the cost of the cleanup and prepare for compensation claims to be asked by affected fishermen and residents.”
“It’s as if the oil companies just took a break (from hiking prices) in the run-up to the elections to give the Malacañang candidates a chance to prettify themselves, especially since Noynoy was personally campaigning for the administration slate.” – Piston
By BENJIE OLIVEROS
Giant oil companies, banks and investment houses have invented other blatant ways of pushing up oil prices, aside from monopoly pricing and speculative trading in oil futures.
By INA ALLECO R. SILVERIO Bulatlat.com MANILA – Small fisherfolk in several coastal towns of Cavite expressed their support to the oil and production subsidy proposed by the militant fisherfolk alliance Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) and Anakpawis party list. Last week, some 150 fisherfolk and coastal village leaders, including parish priests…
By MARYA SALAMAT Bulatlat.com MANILA — The impending transport strike was not discussed in the recent dialogue with President Aquino, but San Mateo said Aquino has “diplomatically” threatened them against pushing through with the strike, as the president reiterated the LTFRB’s “reminder” to drivers that they are franchise holders with responsibility to ply their routes.…
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
MEDIA RELEASE Aug 17, 2011 MANILA — “It is revolting how the oil cartel, in connivance with the Aquino regime, continues to boost their already-huge profits out of workers’ and people’s misery over the overpricing and skyrocketing prices of petroleum products.” This was the statement of labor center Kilusang Mayo Uno as it condemned the…
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.”