rollback!!!

[budo]

yung mga oil companies na mabilis mag rollback, they are betting oil price would keep falling.

Umaasa sila na ang mga future order nila magiging mas mura kesa sa stock nila ngayon.

Pero what if mali ang bet nila?

tumaas pala...

So may under recovery tuloy sila.

Di tulad ng mga hindi nagmamadali mag rollback, steady lang presyo nila...

Di sila naiipit sa biglang pag taas.

---

Sorry sir but I don't agree with you. It defies business logic. These are small oil companies and they would be risking a lot if they do made speculations on the risky side. It should be the big 3 oil firms who should be doing this - cause it's supposed to be their corporate social responsibility (kung meron!) and they are in a better position to withstand any wrong decisions they make.

Sa public perception na lang, talo na ang big 3! You don't need to be an economist to be able to make accurate computations about the price adjustments. Yung tindera sa palengke o yung ordinaryong mamimili alam na yan kaya nga marami ang umaangal. These big three firms can show firm computations but the world will not believe them. Simple lang naman yan. they abuse their business freedom and the government can not do anything about this-you cannot even count on business ethics to make them roll back their prices.

If they (big 3) continually complain about their losses, then magsara na sila. the Philippines is better off with these multinationals doing their thing out of here with impunity. Gawin kaya nila sa Western countries yan at tignan lang natin kung hindi sila makasuhan ng antitrust tulad ng sa Microsoft.

[uls]

Here's business logic:

The small players are fighting for market share.

And the only way they can gain market share is by pricing their products lower than the big 3.

Glenn Yu of Seaoil was on a news report on TV Patrol the other day. He said they reduced their pump prices even before their new stock arrived.

That means they have lowered the prices of their present stock and they will recover their losses when the cheaper stock arrives.

The big oil companies do not have to do that. They already have market share.

It defies business logic for big players to reduce the price of their current stock in anticipation of lower price of arriving stock.

and "corporate social responsibility"?

ya right.

[niky]

Haha... if a palengkera could do the maths well enough to run an oil company... she'd probably be doing so already.

What many people forget when comparing US pump prices to the Philippines is that we have E-VAT. They don't. And it's comparing apples to oranges. The US consistently has some of the lowest gasoline prices in the world. The Philippines used to be one of the few places in the worly where gasoline was as cheap, but since E-VAT... nope.

And to say the Big Three have to lower prices first... it don't work that way. Since when has Pepsi or Coca Cola been cheaper than Sarsi or Pop? Market leaaders can charge whatever they want, as long as it doesn't turn off people. But they're not charging that much more than the small guys, who are outrageously under-pricing to gain market share.

You heard of it straight from SeaOil... what about others? Why not ask Unioil, which seems to be perpetually in trouble for unpaid taxes on gasoline and diesel they're selling for much less than anyone else.

Sure, it'd be great if the Big Three lowered their prices more, but at least they're lowering them. The fact that there are a lot of small players nowadays with more flexibility and the abilitiy to undercut them in terms of price is forcing them to do so.

Yup. Oil de-regulation works. ;)

[uls]

Ya tama...

tingnan nyo ang Unioil...

kaya pala kaya nila mga rollback na malaki... di pala nagbabayad ng taxes... na-raid tuloy ang storage facility nila.

---

And why do people keep forgetting that the oil price we monitor everyday is the pricing for future delivery.

The fuel we are buying now was ordered a month or 2 ago.

The cheaper oil being reported in the news will be arriving a month or 2 from now.

--

Hirap siguro mag presyo ng paninda kung araw araw paiba iba ang presyo ng iyong supplier

Tapos magagalit sayo mga customer mo.

hehehe

[jpdm]

Sorry sir but I don't agree with you. It defies business logic. These are small oil companies and they would be risking a lot if they do made speculations on the risky side. It should be the big 3 oil firms who should be doing this - cause it's supposed to be their corporate social responsibility (kung meron!) and they are in a better position to withstand any wrong decisions they make.

Sa public perception na lang, talo na ang big 3! You don't need to be an economist to be able to make accurate computations about the price adjustments. Yung tindera sa palengke o yung ordinaryong mamimili alam na yan kaya nga marami ang umaangal. These big three firms can show firm computations but the world will not believe them. Simple lang naman yan. they abuse their business freedom and the government can not do anything about this-you cannot even count on business ethics to make them roll back their prices.

If they (big 3) continually complain about their losses, then magsara na sila. the Philippines is better off with these multinationals doing their thing out of here with impunity. Gawin kaya nila sa Western countries yan at tignan lang natin kung hindi sila makasuhan ng antitrust tulad ng sa Microsoft.

Definitely agree!

[alainroyce]

Oil rises to $75 as OPEC eyes production cut... so wala na ulit rollback?

http://biz.yahoo.com/ap/081021/oil_prices.html

[True Faith]

...Sa public perception na lang, talo na ang big 3!..

...These big three firms can show firm computations but the world will not believe them...

.... they abuse their business freedom and the government can not do anything about this-you cannot even count on business ethics to make them roll back their prices....

....If they (big 3) continually complain about their losses, then magsara na sila. the Philippines is better off with these multinationals doing their thing out of here with impunity....

.... Gawin kaya nila sa Western countries yan at tignan lang natin kung hindi sila makasuhan ng antitrust tulad ng sa Microsoft....

I agree with these....

The government must must continue monitoring the situation and should consider all options if indeed oil companies are abusing the oil deregulation law...

[True Faith]

Definitely agree!

*jpdm

This thread it seems is similar and a resurrection of your closed threads (re:on the boycott theoil companies or oil deregulation thing)

Without doubt oil indeed is a very sensitive commodity that people will keep talking about....

...and no amount of "harassment" coming from the "cartel" (you know what I mean...that you got and other people who talk negatively about the oil oligopoly or cartel or monopoly whatever they call it)will stop people from asking why these oil companies in the country keep on complaining of losing money and yet just a few months ago announced billion peso profits...

[uls]

old stock -- nabili ng mahal ng oil companies

new stock (arriving palang) -- nabili ng mas mura ng oil companies

--

old stock --nabibili natin ngayon sa gas stations

new stock (arriving palang) -- mabibili natin sa gas stations 1 or 2 months from now

--

Rollback price of old stock coz world oil price bumaba?

Ka-o-order palang ng new stock diba?

di pa nga dumadating ung new stock diba?

baket i-ro-rollback ang presyo ng old stock?

[True Faith]

Oil price WatcH head Mr. Concepcion said more oil rollback must be done...

NEDA secretary Recto said we can expect for more rollbacks

Energy sec. said we will appeal to the oil companies for a roll back

Small companies keep on rolling back their prices...

PGMA said to Shell to roll back their prices....

The transport group, commuting public, the general public and even businessmen are clamoring for a rollback....

Except for a few....

Dont know why

[uls]

ever tried to import something?

let's say you bought stuff from the States and had it shipped here via balikbayan box. (sea freight)

u plan to sell the stuff here.

takes 4-6 weeks to arrive.

The bbox arrives, and u compute cost, and price your products.

While selling the stuff here, you order more stuff from the States.

Kaya lang nag taas na ng presyo ung supplier...

So what do you do?

You raise the price of your stuff here diba? so u will make enough money to pay for the new order.

---

Then later on, u order again. your 3rd order. This time bumaba na ang presyo ng supplier.

What do you do?

Do you lower the price of the stuff you're selling now?

No. Nabili mo ng mahal e.

Pag dumating ung mas mura, dun mo na ibababa ng presyo diba?

[A121]

Oil price WatcH head Mr. Concepcion said more oil rollback must be done...

NEDA secretary Recto said we can expect for more rollbacks

Energy sec. said we will appeal to the oil companies for a roll back

Small companies keep on rolling back their prices...

PGMA said to Shell to roll back their prices....

The transport group, commuting public, the general public and even businessmen are clamoring for a rollback....

Except for a few....

Dont know why

I guess you are not reading the reasons why they can't roll back their prices. The few here are just stating possible reasons on why can't it be done. Too bad for us, we need that oil to run everything in our lives.

Sino bang ayaw ng kita di ba? Yung C2 nga na nagreretail ng P13 sa direct seller, binibenta ng P20 sa tindahan eh.

But it seems that the market is now correcting itself. Too much greed is bad.

[uls]

alam ko i'm going against popular opinion.

kelangan lang ng balance.

Dami kasi oil company haters e.

Kung gusto ng mga haters magsara ang mga oil companies, sana nga mag sara.

Pag puro OUT OF STOCK signs na ang mga gasolinahan, tingnan natin ano mangyayari sa economy natin.

OUT OF STOCK na din ang mga tindahan at palengke kasi wala na delivery trucks na tumatakbo.

Gutom lahat.

Magpapatayan ang mga tao sa kalye.

[CVT]

O, nagbaba na rin ng presyo ng diesel ang Chevron at Shell today(?)... Approx P45/L na rin katulad ng Petron a day before...... De-regulation?.... Nakikiusap pa ang gobyerno at taong bayan sa kanila....

6808:frenchyf1:

[XTO]

narinig ko sa news kanina, nung nagtaas ang presyo ng crude oil sa int'l. market taas din agad oil retailers natin - na may lumang stocks.... kahit sinong retailers din naman pag tumaas ang puhunan price kalokohang hindi magtaas ng benta kahit luma pa ito, minsan nga hoarding pa e .

pero pagdating sa pagbaba kailangan pang itulak. pasalamat tayo nagkaroon dito ng mga small oil companies kung wala sila lalaruin tayo ng big 3.

in the end nasa atin kung saan natin trip magpa gas. napag uusapan lang to

[True Faith]

I guess you are not reading the reasons why they can't roll back their prices. The few here are just stating possible reasons on why can't it be done. Too bad for us, we need that oil to run everything in our lives.

...wrong guess.

Sino bang ayaw ng kita di ba? Yung C2 nga na nagreretail ng P13 sa direct seller, binibenta ng P20 sa tindahan eh.

But it seems that the market is now correcting itself. [SIZE=3]Too much greed is bad. [/SIZE]

Agree.

[Hanren]

It's not viable to talk about profits or losses anymore. We will never get to know the real story anyway. This debate has already gone beyond that.

We can't blame people for having bad sentiments against the big three. In the first place, sila naman ang nag open ng argument na tuwing tataas ang world oil prices, dapat din sumabay sila para di sila malugi. Now that the the people are following the same argument when world crude prices have dramatically gone done, these oil companies balk and even point out that it is not only the world prices that are dictating local prices but there are "other" factors to consider.

It's an unwritten fact that you can't fight the Big three. They have to band together in order to gain better influence and fighting capability. It's a business strategy. It can be right or wrong depending on the context you view it.

Pero imagine nyo na lang pag iisa lang ang major player dito. Would we experience what we are now experiencing or would that major player do what "it's supposed" to do? (just asking)

Nakakapagod din mag antay ng malaking rollback. But as an oil consumer, I'm glad that there are still people fighting for what they think is right in the context of social, not economic justice.

Just my 2c!

[chua_riwap]

Sa news, narinig ko na noong $67/barrel few years back, P13/L lang ang diesel.....

[uls]

Sabi ni XTO

narinig ko sa news kanina, nung nagtaas ang presyo ng crude oil sa int'l. market taas din agad oil retailers natin - na may lumang stocks.... kahit sinong retailers din naman pag tumaas ang puhunan price kalokohang hindi magtaas ng benta kahit luma pa ito, minsan nga hoarding pa e

exactly.

sabi ni Hanren

It's not viable to talk about profits or losses anymore. We will never get to know the real story anyway. This debate has already gone beyond that.

If it's not about profits or losses, what other reason could there be that the oil companies won't roll back prices?

what other reason is there besides numbers?

[jpdm]

Manila bulletin
October 21, 2008

Big oil firms shoild roll back prices by at least P2 a liter—Noli

De Castro said that if the small firms which are merely trading oil and have no refineries can afford to cut prices by at least P2, with more reason the big oil companies who import in bulk and have oil refineries here can roll back prices.

[SIZE=3]"These businessmen must exercise their [SIZE=4]corporate social responsibility[/SIZE] and not j[SIZE=4]ust think of profit[/SIZE]," he said.[/SIZE]

"Why is it that whenever there is an increase of oil prices in the world market, these oil players immediately increase their pump prices. But when these prices go down in the world market, it takes them so long to rollback?" De Castro asked.

"For transparency, they should allow us to audit their records and books of accounts, so that we will know the basis for the computation of the fair price for gasoline and diesel."

Joint commission to ask experts to determine correct price rollback

The Joint Congressional Power Commission (JCPC) will call for experts to determine if oil firms are enforcing the correct price rollback on petroleum products, Sen. Miriam Santiago, co-chair of the JCPC,


"If the [SIZE=3]oil companies are using the deregulation law as their excuse in imposing unreasonable prices[/SIZE][SIZE=3],[/SIZE] we will also [SIZE=3]use the provisions of the deregulation law which empowers Congress to exercise oversight over these firms[/SIZE]," Nograles said. (Ben R. Rosario)

Bicol operators, drivers ask why local firms have given only small rollbacks

According to Joel Ascutia, chairman of Condor-PISTON-Bikol, "The price of oil in the world market is at its lowest at just $ 66-71 per barrel but up till now the Big Three—Shell, Chevron, and Petron -- as well the small firms have only implemented small price rollbacks. Why are they taking them so long to impose a one-time big- time oil price rollback but they are so fast when it comes to oil price increases?"
(Marvyn Benaning)

Bring it on...