Palace urges ‘strong consumer pressure’ vs oil firms

[jansky]

Palace urges ‘strong consumer pressure’ vs oil firms

MANILA, Philippines - Malacañang on Wednesday urged "strong consumer pressure" on local oil firms to lower fuel prices, as it admitted the government cannot determine whether existing pump prices are justified.

In a radio interview, Press Sec. Jesus Dureza virtually said consumers are on their own in seeking for lower oil prices since there is presently no mechanism to ensure that the oil companies are equitably passing on costs to consumers.

"Government must see to it there must be a verifiable way they are passing it equitably to consumer. (Until then) we must have a very strong consumer pressure on the oil companies," Dureza said in an interview on dwIZ radio.

Dureza added that the government cannot perform an audit because the oil industry is deregulated.

Besides, he said players in the oil industry are private firms, and the Commission on Audit (COA) can only audit government functionaries and institutions.

"There must be a way to have some kind of verification on the part of government... In the price of crude oil, market forces will determine that," Dureza said. - GMANews.TV

http://www.gmanews.tv/story/130065/P...e-vs-oil-firms




d

pff what the heck the government can do nothing more about this


"Government must see to it there must be a verifiable way they are passing it equitably to consumer. (Until then) we must have a very strong consumer pressure on the oil companies," Dureza said in an interview on dwIZ radio."

damn pabigat na sa mamamayan wala pa magawa gobyerno


Dureza added that the government cannot perform an audit because the oil industry is deregulated.

Scrap deregulation law, create new one that is transparent

tuwa cguro ng mga big 3 na yan kasi di cla magalaw ng gobyerno

[safeorigin]

please quote the news like everybody else

[CVT]

Sadly,- "to each, his own"....

As if the consumers have the real Power here....

6909:seehearspeak:

[jpdm]

--read between the lines " survival of the fittest"

--inutile government..

--hostage of its own laws....

--pero pag sa kabalastugan...

...dami lusot....

...like the Moscow fiasco...

...despite a ban coming from the government itself, nakaalis pa rin with 9 million pesos pocket money pa...

....yung BJE MOA...puede daw...kahit alam nila unconstitutional...

....ngayon, ibabala mga tao....

...after collecting 12% VAT ..bahala na ang tao sa buhay nila....

[jansky]

please quote the news like everybody else

sorry but how do i quote? i just copy paste the news from
http://www.gmanews.tv/story/130065/P...e-vs-oil-firms

[Monseratto]

sorry but how do i quote? i just copy paste the news from
http://www.gmanews.tv/story/130065/P...e-vs-oil-firms

Click on the BB code link below the page...

[Gen. Miting]

the best "strong consumer pressure" lang talaga is not too refill to often para ma-feel nila na kailangan nila magbaba.

anyway, obvious na naman talaga na less and demand kasi ang tagal nila magbaba. hindi nila maubos-ubos ang inventory nila

[russpogi]

please quote the news like everybody else

sorry but how do i quote? i just copy paste the news from
http://www.gmanews.tv/story/130065/P...e-vs-oil-firms

Read this:
http://tsikot.yehey.com/forums/showthread.php?t=43559

This serves as your FINAL warning.

[jpdm]

Too much talk, no action....hayyyyy.......

Manila Standard
October 29, 2008

[SIZE=3]Congress steps up pressure for oil price cuts[/SIZE] By Roy Pelovello




SPEAKER Prospero Nograles yesterday called for coordinated congressional action to compel oil companies to roll back pump prices to reflect declining prices of the commodity in the world market.



At the same time, Cebu Rep. Eduardo Gullas slammed the Energy Department for failing to protect consumers against overpricing by the oil companies.



He said such actions could include the proposal of Senator Juan Ponce Enrile to impose windfall taxes on the oil companies’ profits.


The Speaker repeated the House’s commitment to investigate the profits of the oil companies to craft a law aimed at compelling oil distributors to charge fair prices.



He said oil companies found overpricing could be required to refund the overprice.



“Congress will not stop until the people gets justice on the matter of oil prices,” he said.



“It’s not fair for them to roll back prices in small increments when they hiked their prices almost immediately when the global prices of oil were increasing.



“This, to me, is abuse of discretion and a mockery of the spirit and intent of the Oil Deregulation Law,” Nograles said as he noted that world crude oil prices were hovering around $60 a barrel from a high of $140 a barrel.

[Hanren]

Source: http://newsinfo.inquirer.net/breakin...ack-oil-prices

Tama ba itong nabasa ko o nananginip lang ako?

3 major oil firms roll back oil prices


By Abigail Kwok
INQUIRER.net
First Posted 08:16:00 10/30/2008


MANILA, Philippines -- (UPDATE) The three major oil players rolled back prices of diesel and gasoline early Thursday morning.
Pilipinas Shell vice president for communications Bobby Kanapi, Petron spokesperson Virginia Ruivivar, and Toby Nebrida, communications manager of Chevron, said they implemented a P5 per liter cutback on diesel and P2 per liter on gasoline and kerosene, effective 7 a.m. this Thursday.
Kanapi said the rollbacks were prompted by the huge drop in world oil prices, which are now pegged below $60 a barrel.
When asked if there would be more cutbacks, Kanapi said, "We cannot speculate, but implications are good."