Tags: Petron

Pamalakaya clarified that the re-channeling of Aquino’s audit free pork barrel is an immediate measure to provide relief to sectors affected by the oil price spike. By INA ALLECO R. SILVERIO Bulatlat.com Use the president’s pork barrel to cushion the impact of oil price increases. This was the call made by fisherfolk alliance Pambansang Lakas…

Despite its limitations, the oil-price caps have irked Big Business and their think tanks and they have been lobbying to have it lifted. Fearing EO 839 could set a dangerous precedent to its business, Shell even filed a case in court against Arroyo’s order. But consumers and critics say that if Arroyo is really sincere in protecting consumers, she should use her power to have the Oil Deregulation Law repealed.

To a certain degree, Executive Order 839 questioned the lies long peddled by the oil companies and staunch defenders of neoliberalism about neoliberal free market economics. If left unchallenged, EO 839 could become a precedent in policy making: that the government, in the name of public good and welfare, could take decisive action against abusive corporations.

While it is supposed to be based on the Oil Deregulation Law, the executive order mandating the recent price rollback in effect puts into question the wisdom of oil deregulation. Moreover, the oil companies have found a way to offset whatever “losses” they would incur in Luzon due to the EO: by overpricing in the Visayas and Mindanao.

No matter how oil firms deny the allegations that they are overcharging the consumers, the widespread public perception that oil companies are abusive and profit-hungry will remain. This will be the case as long as the oil industry is deregulated and oil companies are allowed to automatically increase their prices and at the same time not compelled to publicly divulge how they compute their price adjustments.

Public-transport drivers and operators in several urban areas across the country – including, for the first time, Makati City – denounce the measly oil-price rollbacks by the Big Three oil companies, as well as their “manipulation” of the prices of oil and gas products, such as LPG, to the detriment of unorganized and ordinary consumers.

BY JANESS ANN J. ELLAO Bulatlat Posted 8:54 p.m., May 14, 2008 The Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (PISTON) belittled the government’s proposal to extend a P2.00/liter fuel subsidy to all public utility vehicleoperators after the Land Transportation and Franchise Regulatory Board (LTFRB) said that the local petroleum dealers will shoulder…

BY JANESS ANN J. ELLAO Bulatlat Posted 8:42 p.m., May 14, 2008 The Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (Piston) is calling on the Senate and the House of Representatives to investigate the government’s decision to sell the 40 percent share of Petron to Ashmore Group instead of buying share that will…