kaya pa kaya natin ito?

[zero]

i read it from http://www.abs-cbnnews.com/topoftheh...x?StoryId=8448
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National (as of 11:49 AM)

Pump price to hit P48/liter due to VAT


Pump price of gasoline could hit P48 per liter once the government imposes the new value-added tax (VAT) law on petroleum products next month, Raul Concepcion of the Consumer and Oil Price Watch (COPW) said Tuesday.

Concepcion said he got the figure from the price estimated by Rex Tantiongco, spokesman of the New Petroleum Players Association and former chairman of the government's Energy Regulatory Board.

"He (Tantiongco) was estimating about P48.30 [per liter of gasoline], something like that," Concepcion told DZMM in an interview. At present, a liter of gasoline averages at P30.

Concepcion said the P48 per liter forecast stemmed from the upward movement of petroleum prices in the world market.

Oil prices set a new record high on Monday as worries about a winter fuel crunch stoked buying by hedge funds and forced OPEC to consider lifting supply quotas again.

He said soaring world crude prices could also push petroleum prices up until next month or after July 1, which is also the new VAT's implementing date.

"The prognosis in the international market is that the prices will continue to go up and [will] not go down for the next three months until they can make up with their increase refining capacity," he said.

Concepcion said a meeting among oil firms, COPW and energy officials would be held to discuss such scenario.

He said oil firms should withhold further adjustments until the meeting pushes through. The meeting is tentatively scheduled this week.

"Unang-una we have to agree sa inventory because 'yung excise tax, mayroon silang excise tax na kailangang bayaran and then 'yung kanilang inventory without excise tax. (We have to agree on inventory and excise tax to be paid and then the inventory without the excise tax)," Concepcion said.

US light crude moved to a record for the second successive session, hitting $59.52 a barrel, before paring gains to settle up 90 cents at $59.37. London Brent futures rose 56 cents to $58.32 a barrel, having hit a peak of $58.58.

US contracts for the last four months of the year, when oil demand seasonally picks up in the Northern Hemisphere, all traded at $60 or above, with December crude breaking $61.

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o di ba, may resulta? (sabi ng ad ni ate glo)

[artpogi]

Damn!

[Juan Tamad]

Palitan na si GMA!!!! Yan VAT... Dyan babagsak ang Pinas...

[1D4LV]

48.00 ? footah! one full tank costs 1,440.00?
dapat yan, at least, pag tumaas ang global price ng gasoline, i-suspend muna ng gobyerno pagkokolekta ng VAT, tapos pag medyo reasonable ba, tsaka i-resume.

di pa nga naguumpisa ang implementation nyang VAT law na yan, nagtataasan na bilihin. sure ako dyan, pati cost of electricity susunod na dyan.

what will happen to people who are earning minimum wage? kakain pa ba sila? can they still afford to send their kids to school? can they still buy medicines if they are sick?

[artpogi]

Ganito dapat gawin dyan sa mga taga OPEC



pero dapat sa leeg naka tali

[knicks1204]

nagpapatawa ba sila? ang mahal na nga ng gas as is eh.. gusto lang nilang kumita lalo dyan...

[yebo]

Ganito dapat gawin dyan sa mga taga OPEC



pero dapat sa leeg naka tali

it is not opec that is causing the rise in oil prices. if you read the news, they had increased oil production to lower the oil price. they are again planning to increase their quotas to counter the recent rise in oil prices. they after all know that very high oil prices is bad for them - governments begin to plan long term on eliminating or at least reducing dependence on petroleum. they have learned their lessons well during the world oil embargoes of the 1970s. they know it does not help to kill the very market they sell to.

you should blame instead those energy futures traders in new york. it is only june and they are already trading for the oil deliveries in december. last year when they started bidding the oil price to high heavens "fearing" an oil shortage in the winter months, their predictions did not happen since opec opened up its wells to prevent high prices. and this time they are are it again, peddling the same old lies to maximize their gains!

you know how those traders think? commission in every trade! they will buy and sell that oil several times before it even gets pumped out of the oil well. to hell with the rest of the world as long as they get their commissions. and they will make any excuse, like "fear of oil shortage in winter" to justify increasing the price. the higher the price goes up the more times they trade that barrel of oil. only when they have milked it to their content will they have it delivered.

so where does their commissions come from. you bet, it's your pocket indio!

[odell]

nakakainis naman yan.. kelan tayo aasenso...

[falken_09]

puro vat puro vat,, may kinomercial pa cla na kelan mag vat, waaaaaaa!!!

[badkuk]

teka teka...that headline seems to be demonizing the VAT irrationally. pag tinanggal ba ung VAT, bababa na ang gas prices?

afaik rising gas prices, as well as steel, copper, construction materials, is caused by increased demand -- more specifically, demand from china.

[mazdamazda]

it is not opec that is causing the rise in oil prices. if you read the news, they had increased oil production to lower the oil price. they are again planning to increase their quotas to counter the recent rise in oil prices. they after all know that very high oil prices is bad for them - governments begin to plan long term on eliminating or at least reducing dependence on petroleum. they have learned their lessons well during the world oil embargoes of the 1970s. they know it does not help to kill the very market they sell to.

you should blame instead those energy futures traders in new york. it is only june and they are already trading for the oil deliveries in december. last year when they started bidding the oil price to high heavens "fearing" an oil shortage in the winter months, their predictions did not happen since opec opened up its wells to prevent high prices. and this time they are are it again, peddling the same old lies to maximize their gains!

you know how those traders think? commission in every trade! they will buy and sell that oil several times before it even gets pumped out of the oil well. to hell with the rest of the world as long as they get their commissions. and they will make any excuse, like "fear of oil shortage in winter" to justify increasing the price. the higher the price goes up the more times they trade that barrel of oil. only when they have milked it to their content will they have it delivered.

so where does their commissions come from. you bet, it's your pocket indio!

really good point!

heck... even the OPEC wants to stabilize the world oil price market. if they push it too high - then they will be eventually be killed off prematurely by making alternative sources of fuel MORE viable.

by the way... the Philippines has one of the lowest tax rates for petroleum products in the world. hence we also have the one of the lowest pump price for a non-oil exporting country.

what will happen to people who are earning minimum wage? kakain pa ba sila? can they still afford to send their kids to school? can they still buy medicines if they are sick?

they can quit smoking, drinking & stop using their cellular phones (for crying out loud... the annual net income of petron can be earned by pldt/smart/piltel in less than a month).

[nugundam93]

with the people earning min wage, it is quite funny actually.

they complain that they don't have enough money for food, and other vital needs...and yet they keep on texting, they have mid-range to near high-end cellphones. i can even bet their cellphone is better than mine. they can also regularly spend time at the mall, inevitably spending their hard-earned cash there for something which might only be a want and not a need. :lol:

[shadowfax]

48 pesos wow ang mahal...

[quiksie]

sana dati pa naimbento ang mga railway systems around metro para tipid talaga. Parang sa ibang countries, no need to use cars as a mean of transpo.
Ang mahal na ng gas! biodiesel na tayo mga dieselers!

[pixelparadigm]

Sa European countries nga, they are willing to tax petroleum prices para mabawasan ang demand and consumption. What we need is a long term solution to this soon-to-be unviable source of energy. Kung matino tino lang kasi ang urban planning dito sa 'Pinas at maayos ang pagkakalatag ng mass transit...

Dami kasing mga Jeep sa metro, eh kung nag-bubus na lang ang mga tao. Tayo lang naman dito sa Pinas ang may transpo na stop anywhere you like. And public utility vehicles should use much cleaner CNG combusting engines instead of keeping their badly maintained diesels.

[ILuvDetailing]

Pag humarurot yung mga bus at jeep na yan kala mo mura pa ang diesel.

[Karding]

$2.49/gallon na ang premium gas A week ago, it was just $2.31

Ang pinagtataka ko, laging tumataas ang gas price during the long weekend (July 1- July 4) dito sa US :swear: at energy traders

[silverbx986]

$2.49/gallon na ang premium gas. A week ago, it was just $2.31

Ang pinagtataka ko, laging tumataas ang gas price during the long weekend (July 1- July 4) dito sa US... at energy traders

gamit ka ng khaos para makatipid :bwahaha:

sa lugar ko mas mahal ng 10cents

[Karding]

gamit ka ng khaos para makatipid :bwahaha:

sa lugar ko mas mahal ng 10cents

umorder na ko, si ghosthunter and exclusive distributor sa US :bwahaha:

[speedy]

really good point!

heck... even the OPEC wants to stabilize the world oil price market. if they push it too high - then they will be eventually be killed off prematurely by making alternative sources of fuel MORE viable.

by the way... the Philippines has one of the lowest tax rates for petroleum products in the world. hence we also have the one of the lowest pump price for a non-oil exporting country.



they can quit smoking, drinking & stop using their cellular phones (for crying out loud... the annual net income of petron can be earned by pldt/smart/piltel in less than a month).

LOL! Mazda2 has nailed it on the nose! Pinoys really need to look at the whole picture. Gas prices are going up everywhere so it really is not isolated in the philippines. I think I saw a kid on some "money for school" tv ad that had a cell phone in his hand! Its really hard to feel sorry for that kid! Now, I am not saying that the whole "money for school" thing is a farce, a lot of kids do need help but how could one put money in the hands of people who waste their hard earned money on smokes, booze and high end cell phones?