Fuel Price Increase [Merged]

[ILuvDetailing]

pede b i-scrap yang Oil Deregulation Law, then ibalik na lan ung OPSF

Mas malaking chance na manalo ka sa lotto kesa matanggal tong Oil Deregulation law. Damn. grabe na to...

[ILuvDetailing]

In the UK gas is P105/liter.

You really can't compare it here, cuz mataas ang standard of living sa UK.

[cyberdoc95]

I just hope the government realizes soon that they couldn't let the oil price increase that much because this will definitely cause rapid rise of INFLATION. That was the reason before na there was a government agency that protects excessively exorbitant oil price increases.

Unwarranted soaring OIL price increase would inevitably affect everything, including the decreased purchasing power of the peso, increased Interest rates of borrowings and a downward trend of the Philippine Stock Market. They have to find a way to buffer this somehow to soften the blow, ika nga!!

[BlueBimmer]

peanuts lng ang P105 (1.45 euro) sa mga brits, sobrang taas standard of living nila hehe

[qman]

sa middle east 10-12 pesos per liter

[ILuvDetailing]

I just hope the government realizes soon that they couldn't let the oil price increase that much because this will definitely cause rapid rise of INFLATION. That was the reason before na there was a government agency that protects excessively exorbitant oil price increases.

They can do that... scape the Oil Deregulation Law. Problem is, are they willing to do that? The answer is a big NO. Lahat na tumataas pwera lang standard of living. Add that the 12% VAT.

[BlueBimmer]

kaya magipon nalang, dont spend ur hard earned cash excessively, para ready to migrate haha

[luckytruck]

yup, i think the best indicator is minimum wage divided by pesos per liter of fuel
P210/30. that's a factor of 7. i wonder what it is in other countries?

iwas na rin ako ng biyahe, kung pwede, isang lakad na lahat. buti na lang mura na ang cable ngayon. sa bahay na lang ako.

andy

[OTO]

Even if the standard of living in the UK is high most Brits are forced to get small diesels.

[boydapa]

nasa news kahapon dat the price increase will continue every week for 2 straight months plus yun tax pa which is about 2 petot. now, we are in deep ****!!!

[mazdamazda]

kaya magipon nalang, dont spend ur hard earned cash excessively, para ready to migrate haha

migrate where? all over the world, oil prices are continuing to climb up.

[badkuk]

ano nang nangyari sa coco diesel?

[mazdamazda]

sa neighboring country ng pinas mas mahal ang mga krudo. I think sa india is unleaded gas is 1.05 USD per liter ata so that is around 55-56 pesos a liter.

Sana huwag umabot diyan ang presyo ng krudo natin

actually, the Philippines has one of the lowest oil prices worldwide (excluding oil producing countries of course). tariff & taxes on oil here is kept to a bare minimum for a number of years.

[mazdamazda]

Car pooling rin, lets say you and some of your neighbors work in the same area, such as makati, sabay sabay na lang kayo pumasok, save gas, less mileage on your own car, less parking fees, may kwentuhan pa habang papasok ng office at pauwi.

car pooling isn't a big hit here in the Philippines.

I've computed that you'll break even by having 2 passengers (including the driver). but if you are driving alone... well...

[BlueBimmer]

migrate where? all over the world, oil prices are continuing to climb up.

huh?? of course people migrate to earn higher income n to have a better standard of living. not to escape the increasing oil prices LOL

[baiskee]

ano nang nangyari sa coco diesel?

coco diesel? maganda sana....kaya lang malamang may nabayaran na naman sa gobyerno galing sa BIG 3 kaya hanggang dun na lang yun.

sino bang sinoportahan ng gobyerno?

[mazdamazda]

coco diesel? maganda sana....kaya lang malamang may nabayaran na naman sa gobyerno galing sa BIG 3 kaya hanggang dun na lang yun.

sino bang sinoportahan ng gobyerno?

coco diesel isn't viable since the cost of producing it is higher than the crude oil (like BD). though expect it to be revived when the cost of crude oil is already higher than producing coco diesel.

[Monseratto]

EEK...nakakatakot!

Oil hits record above $57

Jump in gasoline futures on supply worries pushes entire energy sector higher.

NEW YORK (Reuters) - Oil prices jumped to record highs near $58 a barrel Friday.

Oil's meteoric climb began Thursday, powered by a forecast that the market could spike to $105 a barrel on robust global demand and tight spare capacity.

Prices have climbed around 30 percent this year, with big-money speculative funds pouring money into the energy market on signs that rapid demand growth in China, India and other countries would strain world supply. The United States is the world's biggest energy consumer.
U.S. light crude for May delivery jumped as high as $57.70 a barrel before closing up $1.87 at $57.27, according to preliminary tallies -- breaking both the previous recording trading high of $57.60 hit March 17 and the old closing high of $56.72 hit March 18.

Top energy derivatives trader Goldman Sachs said in a report on Thursday the oil markets might have entered a "super spike" period, which could eventually drive prices toward $105.

"In a very interesting report, Goldman talked about how we might see a longer cycle and a higher cycle than we have seen in a very long time," said Deborah White, senior economist at SG Commodities.

Goldman Sachs raised its 2005 and 2006 price forecasts for U.S. light crude to $50 and $55, respectively, from $41 and $40, citing resilient oil demand growth.

Gasoline supply anxiety
Production problems over the past week have deepened concerns over whether refiners will be able meet gasoline demand this summer.

A 485,000-barrel-per-day (bpd) refinery in Venezuela -- the world's fifth-biggest oil exporter and a top supplier of crude and oil products to the United States -- was shut down on Thursday by a power failure.

State oil company PDVSA said it aimed to resume full operations at the Amuay refinery in seven days at the latest and that supply to local and international markets was guaranteed.

A fatal explosion last week at BP Plc's Texas City refinery, the third-largest in the U.S., also unnerved the market, along with problems at several gasoline-producing units.

For the past month, U.S. gasoline demand has been 2 percent higher than the same time a year ago, despite record pump prices.

[cyberdoc95]

Naku po!! Wala na yatang light at the end of the tunnel with the trend na ganito. Patuloy na yata itong magmahal ng magmahal, unless a cheap and a more abundant alternative source of fuel will be created to power engines. Somehow, this augments the development of hydrogen-powered engines that is predicted to replace current gasoline powered engines instead of the hybrids or electric cars! Who knows, ten years from now, may Hydrogen-powered engines na on the road.

[ILuvDetailing]

nakaka depress naman to. I believe auto makers can come up with an alternative energy source to eventually replace fuel and Hydrogen might be the it hopefully it won't be too late.