Senatorial candidates challenged to present alternatives to problems caused by oil deregulation by companies gear to jack prices by P4/liter
Friday May 4, 2007
Senatorial candidates challenged to present alternatives to problems caused by oil deregulation by companies gear to jack prices by P4/liter
Anakpawis Representative and political detainee Crispin Beltran today sounded the alarm over reports that the prices of domestic oil will most likely increase by as much as P4 per liter in the following days as a result of increases in the international crude prices.
"The local oil monopoly of Shell, Caltex and Petron are trying to make themseleves appear generous and on the lookout for the public welfare by saying that they only jack their prices by a 'small' P0.50. Now it's being announced that the next round of increases might be as high as P4 per liter. This announcement alone will send manufacturing companies and producers into a price-increase frenzy," he said.
"The endless series of oil price hikes will never be stabilized so long as the government aheres to the deregulation policy in the oil industry. Consumers and the rest of the public remain at the mercy of the oil cartel which decides on its own when and by how much it will jack its prices."
"The so-called 'small and independent players' in the meantime have provided no genuine alternative to consumers because they to are forced to raise their prices when the industry leaders do."
Beltran issued the challenge to senatorial candidates to issue their stand on the issue of oil deregulation and the continuing increase of local oil prices.
"What have the senatorial candidates of Team Unity and the Genuine Opposition have to say about this? Even before the May 14 elections take place, the oil companies are sure to have jacked their prices and Filipinos will again be subjected to another heavy round of price increases."
Beltran called senatorial candidates to the task of proposing genuine solutions to the problem of continued oil price hikes and the Philippines' desperate dependence on foreign oil imports.
"It's long overdue that the oil deregulation policy in the county be subjected to review. Deregulation has not brought relief for consumers and public transportation users but has in fact caused oil prices soaring, also causing the prices of basic commodities and rates of services to shoot up as well," he said. "During the 13th Congress, administration allies heading the committee on energy in the Lower House did not but sit on the bills and resolutions suggesting viable alternatives to the perennial oil and energy crisis."
"The Macapagal-Arroyo adminsitration is patting itself on the back for the passage of the biofuels law, but even now it's becoming evident that the use of biofuels will not make a recognizable dent in the country's dependence on imported oil." #
Senatorial candidates challenged to present alternatives to problems caused by oil deregulation by companies gear to jack prices by P4/liter
Anakpawis Representative and political detainee Crispin Beltran today sounded the alarm over reports that the prices of domestic oil will most likely increase by as much as P4 per liter in the following days as a result of increases in the international crude prices.
"The local oil monopoly of Shell, Caltex and Petron are trying to make themseleves appear generous and on the lookout for the public welfare by saying that they only jack their prices by a 'small' P0.50. Now it's being announced that the next round of increases might be as high as P4 per liter. This announcement alone will send manufacturing companies and producers into a price-increase frenzy," he said.
"The endless series of oil price hikes will never be stabilized so long as the government aheres to the deregulation policy in the oil industry. Consumers and the rest of the public remain at the mercy of the oil cartel which decides on its own when and by how much it will jack its prices."
"The so-called 'small and independent players' in the meantime have provided no genuine alternative to consumers because they to are forced to raise their prices when the industry leaders do."
Beltran issued the challenge to senatorial candidates to issue their stand on the issue of oil deregulation and the continuing increase of local oil prices.
"What have the senatorial candidates of Team Unity and the Genuine Opposition have to say about this? Even before the May 14 elections take place, the oil companies are sure to have jacked their prices and Filipinos will again be subjected to another heavy round of price increases."
Beltran called senatorial candidates to the task of proposing genuine solutions to the problem of continued oil price hikes and the Philippines' desperate dependence on foreign oil imports.
"It's long overdue that the oil deregulation policy in the county be subjected to review. Deregulation has not brought relief for consumers and public transportation users but has in fact caused oil prices soaring, also causing the prices of basic commodities and rates of services to shoot up as well," he said. "During the 13th Congress, administration allies heading the committee on energy in the Lower House did not but sit on the bills and resolutions suggesting viable alternatives to the perennial oil and energy crisis."
"The Macapagal-Arroyo adminsitration is patting itself on the back for the passage of the biofuels law, but even now it's becoming evident that the use of biofuels will not make a recognizable dent in the country's dependence on imported oil." #
posted at 5:19 PM
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