Tags: Pilipinas Shell

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 BENJIE OLIVEROS Bulatlat.com The country is again facing the prospect of oil price spikes. Why? Can nothing be done about it? The country, and the world, are again being threatened with the probability of run-away increases in the prices of oil, gas, and its derivatives. New York’s main contract, light sweet crude for June…