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Solon, analyst: Roll back to P8/liter fuel prices 08/15/2011

Monday, August 15, 2011

Solon, analyst: Roll back to P8/liter fuel prices

08/15/2011
The oil companies must roll back to P8 per liter the prices of their petroleum products after the peso gained strength against the dollar and the recent reduction of crude oil price in the world market which is now at $50 per barrel.

This is how Agap party-list Rep. Nicanor Briones and stock market analyst Astro del Castillo described the prevailing situation after the US credit rating was downgraded by a prestigious financial services company during the Balitaan sa Tinapayan Forum in Dapitan yesterday.

“Hindi dapat papiso-piso ang pagbaba ng gasolina, dapat sa simula pa lamang ng pagbaba ay P2 na agad at base sa pag-aaral ng mga eksperto dapat ay umabot na sa P8 ang ibinaba ng presyho ng gasolina (It should not be a slow P1 decrease in the price of petroleum and it should start at P2 reduction immediately and according to some experts the price should be lowered to P8),” Briones said.

Transport sector earlier had complained about the small rollback in fuel prices that was implemented by the oil companies..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/metro/20110815met3.html

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