A few days ago a local think tank released their findings and said that local oil prices are overpriced by as much as 12 pesos per liter.

One e-mail circulating around mentioned that in order to compel local oil companies (even if they will vehemently deny it, they are nothing but a bunch of rotten profiteering oligopoly) to lower the local oil prices, we need to boycott and stop buying from the multinationals (Petron-Asshole este Ashmore-British;Shell-Dutch-British; Chevron-US; Totalfinaelf-France) which control more than 90% of the local petroleum market.

The oil deregulation law became just a piece of toilet paper full of s#t because of these oligopolists.

But we should not stop buying gas...we should only buy gas from local companies (hwag Eastern Petroleum-it acts as the errand boy of the Big Three) that provide some relief to inflation battered Pinoy motorists...

Less demand would mean losses for them and theyl be forced to bring their prices also....

What do you think?