Fuel Price Increase [Merged]

[kennster]

mahal na mag-kotse.. pag nagcommute naman baka mahold-up.. no win situation na naman tyo! :mad:

[van_wilder]

hindi naman gobyerno natin ang may problema eh, lalong hindi ang mga oil companies... yun situation sa middle east... masmahal pa nga sa ibang bansa eh... pero ang problema ay mataas ang tax ng gas sa atin... dapat luxury items ang mataas ang tax hindi basic needs...

[cyberdoc95]

Hi Folks! I know that its still probably going to be 10-15 yrs away for cars utilizing new fuel source, but there is still hope for all these crises. First, when hybrid cars reach the rest of the globe, or second, actually shifting to a different source of fuel, hydrogen fuel that is!!

Read this article for further info.....



Tomorrow's petrol is a gas


Shell's first US hydrogen station is open now, reports John Vidal. But will we all be filling up soon?

Thursday November 11, 2004
The Guardian

It was billed as the "team of dreams" when in 2003 Shell, the world's second's largest oil company, linked with General Motors (GM), the largest car maker, to invest up to a billion dollars over 10 years to develop the world's "hydrogen economy". Yesterday, in a small ceremony near Washington DC, one of the fruits of the relationship was shown off.
In front of US department of energy and industry leaders, Shell opened its first American hydrogen service station. A prototype GM minivan powered by a fuel cell - a device that combines hydrogen and oxygen to make electricity - filled up with hydrogen at a conventional-looking pump and drove off into what some believe will be a cleaner, less oil-dependent future.

Car and chemical manufacturers as well as governments are pumping money into hydrogen and fuel cell vehicle research and the infrastructure for a hydrogen economy. New interest in what is called "tomorrow's petrol" follows President Bush's December 2003 decision to put hydrogen at the centre of US renewable technologies.

Jeremy Bentham, Shell's head of hydrogen, was upbeat. "The opening of this station marks a new phase of development of the infrastructure for the hydrogen economy. In the next few years, perhaps 2010 or 2012, fuel cell vehicles will be commercialisable. By 2050 we believe that hydrogen will be playing a significant role as an energy carrier, increasingly made from non-fossil fuels," he said.

The decision may be linked to September 11, American love of technology or US foreign oil dependency, but, says Bentham, it's also about making money.

Shell's Benning Road filling station in Washington is one of some 22 new stations for fuel cell and hydrogen-powered vehicles built in the past year, making about 90 worldwide, but critics say solving problems of producing, distributing and storing the gas will require hundreds of billions of dollars.

But the hydrogen/fuel cell route has serious scientific critics. A committee of the US National Academy of Sciences earlier this year said it will not solve energy problems, that fuel cell vehicles only marginally reduce greenhouse gases, and that there are big safety, cost and distribution barriers to overcome. "In the best case scenario, the transition to a hydrogen economy would take many decades, and any reductions in oil imports and carbon dioxide emissions are likely to be minor during the next 25 years," said the authors.

Dr Joe Romm, assistant energy secretary to Bill Clinton and now director of the Centre for Energy and Climate Solutions, was in charge of the US hydrogen programme for five years. He says the hydrogen economy is being overhyped, and touting it as a clean energy panacea is diverting money from simpler conservation technologies and kidding the public that hydrogen is "green" while the gas will most likely be produced using fossil fuels.

"GM have denigrated and downplayed hybrids [electric/petrol combination cars]. They see hydrogen as terrific PR. It makes them look like they are environmentally [friendly] while they stave off fuel economy regulations. I think it will be seen as a major blunder."

More than $7bn (£3.98bn) is earmarked by US, EU and Japanese governments and industry for hydrogen/fuel cell R&D. The US energy department is putting up $1.7bn; Japan $4bn over 15 years with a goal of 5m fuel cell vehicles by 2020. Nissan is committing $500m and DaimlerChrysler $1bn. GM says it wants to be the first car company to sell a million hydrogen/fuel cell vehicles while California's governor, Arnold Schwarzenegger, promises a $100m "hydrogen highway" with more than 200 stations by 2010.

"Pursue it or rue it," said one car industry executive this week.

"The momentum is growing," says Bentham. "It's facts, not fiction now. We actually have the nodes of a hydrogen economy. Investment is on a serious scale". He compares the nascent industry's situation with mobile telephony in the 1980s. "We're in the 'clunky' phase, but we know that this technology is going to be very attractive."

Producing hydrogen and handling large quantities are not the problem, he says. Shell alone produces 7,000 tonnes a day from its refineries and world annual hydrogen output is about 50 million tonnes and growing 10% a year. It is largely used to make nitrogen-based fertilisers and to convert low-grade crude oil into transport fuels.

Hydrogen can be extracted from biomass or even seawater, but the primary source today is natural gas - which is not as environmentally friendly as the car companies want people to think because it breaks down into hydrogen and greenhouse gases

Bentham says that in combination with a fuel cell engine, it is far cleaner than conventional fuel. "The energy content of a kilo of hydrogen is about the same as a gallon of petrol, but the efficiency of the fuel cell is far higher than the internal combustion engine," he says.

What is overlooked, says Romm, is that hydrogen is an energy carrier, not an energy source. "You use a lot of fossil fuels at the front end to get to hydrogen at the back end. It's discouraging for me as a clean energy advocate that people are putting claims out that aren't based on reality."

The cost of producing hydrogen from renewable sources, he says, is between $10 to $20 a gallon of petrol equivalent. "They tell you that the future is pollution-free but for the next few decades you will have to subsidise research into hydrogen and fuel cells.

"No alternative energy vehicle makes much sense in the US for 20 years at least. Of all of them, the fuel cell car is the least likely and most implausible."

Shell says the claim that it's just good PR is too cynical. "There was a lot of hype in the late 1990s. But it is a very realistic view that by 2010-2012 vehicles will be commercialisable," says Bentham.

"Whether they will be mass-produced depends on governments and car manufacturers."

[ssaloon]

Originally posted by ILuvDetailing
I highly doubt that there will be a rollback or if there is one it would be minimal (a couple of centavos maybe?) cuz all the major oil players are still "covering for their losses". BS!!!

well, for refiners like shell and petron, malaki pa rin ang margin nila kasi di naman mashadong mataas ang crude prices compared to that of refined products which are directly imported by caltex and some other players. yan ang palugi talaga ang benta.

mataas parain kita nil petron kasi may buffer pa rin sila na $3-$5 eh.

say crude oil is $49/barrel. refining cost is somewhere around 2-3 bucks lang. compare this to importing refined diesel * $55/barrel + $2 premium from trader, mas mura parin talaga.

[ssaloon]

and just to add to my previous post, excise tax exempt ang crude imports, customs duties lang ang babayaran, so less tax payments on the part of crude importers also, which can constitute to lower product cost sa kanila, hence higher profit.

[qman]

tumaas na naman ang presyo ng krudo? tsk tsk tsk

++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++++++++
Oil firms say price hike warning 'factual,' not 'blackmail'

Posted 07:58am (Mla time) Feb 06, 2005
By Abigail Ho
Inquirer News Service

THE WARNING from oil firms that fuel prices will increase if their value-added tax (VAT) exemptions are lifted is "factual" and not a form of blackmail, an oil industry executive said Saturday.
Reacting to Senator Manuel Villar's remark on Friday that oil firms were airing threats of higher oil prices to prevent the lifting of their VAT exemptions, Fernando Martinez, chair of the Independent Philippine Petroleum Companies Association (IPPCA), said the lawmaker did not seem to know what he was talking about.

"That's not blackmail. That's factual. He is so wrong. He doesn't seem to get it," Martinez said in a phone interview.

In a position paper submitted to the Senate committee on ways and means, the IPPCA had warned that the price of the socially sensitive diesel would increase by P2.59 a liter and that of unleaded gasoline by P2.94 a liter should oil firms be subjected to a 12-percent VAT rate.

Roberto Kanapi, Shell general manager for external affairs, said: "Shell

will increase product prices effective 12:01 a.m. tomorrow (Sunday) as follows: gasoline, 40 centavos a liter; diesel and kerosene, 30 centavos a liter; and LPG (liquefied petroleum gas), 40 centavos a kilo.

"This increase is the start of a more frequent review of product prices to reflect market conditions. Discounts to the transport sector will remain."

Martinez said independent oil firms and even the major players of the oil industry had never hidden the fact that should their VAT exemptions be lifted, consumers would have to shoulder the added cost.

He said the warning of higher pump prices had been aired starting from the hearings at the House of Representatives in December up to the time that the lifting of the oil firms' VAT exemptions was approved by the chamber last week.

Now, with hearings being conducted at the Senate, oil firms are airing the same warning of having to pass on the tax burden to consumers, he said.

[cyberdoc95]

Parang so many things are happening in just a short period of time. Too much so soon!! Ang kinatatakutan ko lang nito if hindi na makaya pa ng mga Pilipino at magkaka-social unrest out of desperation. That could be even worse! Dahil sa sobrang pag-increase ng lahat ng bilihin at milyon-milyon ang hindi halos makakain dalawang beses isang araw, baka hindi na makayanan ng sambayanan especially when hindi sanay sa drastic changes ang mga Pinoy.

Hopefully naman,dahan-dahan na muna ang Arroyo administration kasi parang sobra ang measures na ginawa,although kailangan din itong gawin. Pero they have to take into consideration ang makakaya ng Pinoy. Baka the next thing na lang mangyari, mag-mass breakdown na then mag-unrest na ang buong Pilipinas kagaya ng nangyari sa Chile ba yun or Argentina(?)...Tapos nag-collapse ang ekonomiya...Sana naman hindi ito mangyari sa Pilipinas..Huwag naman..

[falken]

Damn the OPEC members for being so greedy, and damn bush for going into Iraq.

[ssaloon]

magpagas na kayo. nagtaas na shell kagabi. petron and caltex later today...

[cyberdoc95]

[SIZE=3]
Oil prices may increase next month[/SIZE]
ABS-CBN NEWS
Wednesday, February 23, 2005 2:26 PM

The Department of Energy announced Tuesday that oil prices might increase next month.

Energy Undersecretary Peter Abaya said the price increase could reach over $5 per barrel for finished gasoline and $2 per barrel for finished diesel.

The energy department made the announcement after the Dubai Crude, which is used by Shell and Petron companies, increased by $1 in the world market.

According to the oil companies, the increased value of the Dubai Crude in the world market would be equivalent to 35 centavos per liter.

Meanwhile, transport groups announced that if another oil price increase would take effect next month they will be forced to ask for another fare increase.
abs-cbnNEWS.com

[Marc MD]

wahaha! kargahan ko na kaya ng diesel ang tsikot ko para mas mura!!

[chieffy]

merong bang bagong balita? lagi naman tumataas presyo ng fuel...dumadami ang kung anu-anong lech$%^&* tax...pagsabog dito, doon...

hay...masisira lang araw natin...para di maramdaman ang pagod(kaka tsikot ) at problema, buti pa tingnan na lang natin ulit pictures ni nicole hernandez

[ILuvDetailing]

Haay as usual gusto lang nilang bawiin ang kanilang "lugi"... eh pag bumababa naman yung presyo ng gas di naman nila binababa at kapag binababa ilang centavos lang di man lang umaabot ng piso.

[BlueBimmer]

at this rate aabot ng P35 na at the end of the year!

[cyberdoc95]

[SIZE=3]Price hikes fuel deregulation law repeal[/SIZE]

By JODEAL CADACIO
TODAY Senior Reporter

Congressmen from both sides of the political fence on Monday slammed the new round of fuel-price increases, and moved for the repeal of provisions in the Ramos-era dowstream oil deregulation law that unduly favor oil companies.

Crossing party lines, the legislators blamed the law for what they called the “unmitigated and unjustified” rise in local pump prices. They said that the profit-hungry oil companies exploited the law to the hilt to rake in huge profits at the expense of consumers.

House Minority Leader Francis Joseph Escudero, Lakas Reps. J. Mayo Almario of Davao Oriental and Robert Ace Barbers of Surigao del Norte and Party-list Rep. Crispin Beltran of Anakpawis issued separate statements criticizing the oil companies’ move to raise fuel prices by an average of P0.60 per liter.

Escudero said the minority bloc had long advocated a review of the oil deregulation law, with the end in view of repealing provisions that do not serve the public’s interest.

“We’ve seen how the oil deregulation law has ended up as a tool by the oil companies to rake in megaprofits. Fuel prices have gone up by more than 40 percent over the last two years. It is high time for Congress to review the law and repeal some of its onerous provisions,” Escudero told Today in an interview.

He said the law has given the oil giants the blanket authority to jack up fuel prices without any justifiable reasons.

Almario, chairman of the House Committee on Games and Amusement, said it is obvious that the law failed in promoting fair trade in the oil industry, and that the people have become victims of the oil firms’ greed for profit.

“As it is now, the monopoly in the oil industry still exists, and the people have not felt the fair trade that was promised by proponents of the law,” Almario said.

Barbers, chairman of the House Committee on Accounts, revived his proposal for the government to reacquire majority ownership of Petron by buying back the 11-percent share, which is sold to the public and is now being traded in the stock market.

Barbers said that unmitigated and unwarranted oil price increase would have been prevented had the government retained control of Petron, the biggest player in the downstream oil industry.

He said that by reacquiring another 11-percent share, the government would be able to regain control and management of Petron. “Control over Petron would give the government the power to check against unmitigated and unwarranted oil price increases such as this most recent increase by the Big Three [Petron, Caltex and Shell],” Barbers said.

In the eight years that the law has been in effect, the country bore witness to the unjust escalation of fuel prices, he noted. Last year, gasoline prices rose six times, while the prices of diesel went up five times.

For his part, Beltran said the oil giants are using the proposal to have them pay the value-added tax as an excuse to jack up fuel prices.

He said the review of the oil deregulation law is long overdue.

The government has finalized the membership of a committee that will conduct a 90-day review of the oil deregulation law.

The committee, whose members are from the oil, power and transport sectors, will present its recommendations to the incoming energy secretary, Raphael Lotilla, on possible amendments to the Republic Act 8479 after concluding a 90-day review. Perez, who will step down from his post effective March 14, said the review panel will conduct a series of consultations with various stakeholders. With L. Lectura


SOURCE:ABS-CBN NEWS

[baiskee]

tataas na naman mamayang gabi!

pa full tank na kayo. :D

[ILuvDetailing]

kakafull tank ko lang nung Tuesday... dapat ibasura na yung Oil Deragulation law pero malabo, iba talaga yung the color of money.

[BlueBimmer]

oi buti nalang, pafull tank na ko mya hehe

[boydapa]

baka dumating yun araw na yun oto lagi nlng nakapark sa bahay tinititigan ko thinking na nagdadrive ako.

malaking pera ang usapan dyan hindi kaya ng publiko mag exert ng political force sa mga opisyal natin sa govnmt(lalo na DOE), congress para matangal yan bwisit na batas na yan---di natin kaya tumbasan ang mga bilyones na kayang ipalabas ng mga oil companies na yan para para isupalpal sa mga mukha ng ating mga public ofisyals. eh ang mga opisyal pa naman natin mukhang pera. unless magsamasama lahat yun lng ang hope natin.. pero kng watak watak tayong nagrereklamo wala tayo mararating

[mazdamazda]

world oil prices are at a 5-month high. no wonder.