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December 4th, 2008 04:32 PM #71MANILA, Philippines -- A consumers’ group said oil companies can be expected to roll back fuel prices by at least another P6 within the next two weeks as oil prices continue to decline in the world market.
In a letter to Land Transportation and Franchising Regulatory Board (LTFRB) chairman Thompson Lantion, businessman Raul Concepcion, chairman of the Consumer and Oil Price Watch (COPW), said the P6 fuel rollback is expected to be given in two phases -- P3 on December 5 and another P3 on December 12.
“Oil refiners Shell and Petron, and the oil importers Caltex [Chevron], Total, SeaOil, Flying V, and others, agreed that we are ‘all even or patas na [have broken even]’ as of October 31st and [have] no more under-recoveries,” Concepcion said.
Since November 1, weekly oil price cuts here have been based on the moving six-week weighted average of Dubai Crude. Thus, the continuing decline of Dubai Crude should be reflected in corresponding fuel price cuts here, Concepcion said.
The LTFRB on Wednesday approved provisional fare cuts for public transport, including the suspension of the P10 add-on fare for taxis.
It also approved a P0.50 cut for the first four kilometers for jeepneys and P0.10 for every succeeding kilometer; a P0.50 rollback for the first five kilometers of regular buses in Metro Manila, or from P9.50 to P9, and a P0.10 cut for every succeeding kilometer, or from P1.95 to P1.85.
Air-conditioned buses in Metro Manila will retain the P11 fare for the first five kilometers, but operators agreed to a P0.15 reduction for every succeeding kilometer, or from P2.35 to P2.20.
Regular and air-conditioned provincial buses agreed to a P 0.05 cut for every kilometer. For air-conditioned buses, this will be from P1.70 to P1.65, and for regular buses, from P1.40 to P1.35.
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Tsikot Member Rank 2
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December 4th, 2008 06:06 PM #73
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December 4th, 2008 11:58 PM #76
Sana nga maging totoo...
Oil May Fall Below $25 Next Year, Merrill Lynch Says
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December 5th, 2008 07:18 AM #77my 99 crv last service was at the end of July '08. scheduled PMS ko per CASA recommendations end of this month. so far so good, wala ako ka-problema-problema in these past 6 months.
hindi na ako magpapakinig sa payo ng mga damatans na pag out of warranty eh sa 3rd party i-service ang tsikot. that's a big mistake. before sa goodyear servitek ko pinapaservice crv ko, walang pang 3 months mahina na humatak. tapos kelangan ko pa bantayan at i-direct sa servitek mechanic kung ano gagawin.
kakatuwa ang honda ngaun when they recommended the 6 months period PMS. pati old honda models damay
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December 5th, 2008 07:24 AM #78
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December 5th, 2008 08:14 AM #79
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December 5th, 2008 08:30 AM #80
expect natin to mamaya sa news, mala aswang naman sila magpatupad ng rollback e esp the BIG 3. Hatinggabi :evillaugh
but i guess wala this week probably by next week pa pero sana mali ako.
yung kay JohnM - Seicane brand
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