Palace defends EO on fuel price freeze

**mrpink** · November 1st, 2009 10:15 AM

as much as I believe in free trade .. the intent is to force to oil companies to cut down on their 40% margins and just settle for 30% during this trying times .. they always come out with a annual net 4-5 billion profit so would it be so tough for have them just come out with 3-4 billion while people try to rebuild their lives .. they'll make money even if they reduce it by 8 bucks ..

**tidus1203** · November 1st, 2009 11:33 AM

Who says they get 40% margins??? Ang liit lang tubo ng gas retailing... Ang kinikita nila most of it is through other businesses like service and rental... Yan nga hindi maintindihan ng madla eh, they make billions sure but san nangaling yun?

**battaglin** · November 1st, 2009 11:52 AM

A supplier of fiberglass fuel tanks for gas stations intimated to me that gas retailers make at least 6php per liter.

**niky** · November 1st, 2009 11:58 AM

Originally Posted by tidus1203

Who says they get 40% margins??? Ang liit lang tubo ng gas retailing... Ang kinikita nila most of it is through other businesses like service and rental... Yan nga hindi maintindihan ng madla eh, they make billions sure but san nangaling yun?

Well... if people have been following the business model of the Big Three... they'd know... Star Mart... Treats... Service shop... change oil and washing services... sales of motor oil, gear oil, water, etcetera...

**tidus1203** · November 1st, 2009 12:04 PM

Yes duon sila kumikita ng malaki and of course sa mga franchising operations nila...

**boybi** · November 1st, 2009 12:24 PM

Originally Posted by battaglin

A supplier of fiberglass fuel tanks for gas stations intimated to me that gas retailers make at least 6php per liter.

Sabi nga ng pinsan ng kapatid ng pamangkin na kapitbahay nung guard sa kabilang kanto e etc. etc.

Ang hilig talaga ng mga Pinoy maniwala sa mga sabi sabi....

Kawawa now yung mga generic dealers, tanker prices of petroleum products are now more expensive than pump prices. Yung mga dealers kasi ng big oil companies still enjoy their regular profits since subsidized ng mother company nila yung fuel prices.

**niky** · November 1st, 2009 01:40 PM

Originally Posted by boybi

Kawawa now yung mga generic dealers, tanker prices of petroleum products are now more expensive than pump prices. Yung mga dealers kasi ng big oil companies still enjoy their regular profits since subsidized ng mother company nila yung fuel prices.

+1... starting to see some stations running low on certain products, already. Am going to ask around more...

**uls** · November 1st, 2009 02:03 PM

what's the point in going into business if you're not allowed to make big profits?

nobody goes into business to make a little money

nobody goes into business to break even

lalo na nobody goes into business to lose money