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Oil cartel and Aquino asked to “control greed”

Saturday, November 26, 2011

Oil cartel and Aquino asked to “control greed”


Piston blamed the greed for profits by the oil companies and the greed for the Value-Added Tax (VAT) on oil by the Aquino government as the conjoined reasons why the Aquino administration and the energy department are colluding with the monopoly oil companies.

By MARYA SALAMAT
Bulatlat.com
MANILA – Drivers allied with the Pinagkaisang Samahan ng mga Tsuper at Opereytor Nationwide (Piston) and members of the progressive group Bayan (Bagong Alyansang Makabayan) held protest actions on Wednesday and Thursday, respectively, against the “greed” of oil companies and the Aquino government’s “inutility” in the face of it. They urged the public to support calls for “real solutions” to oil overpricing.

n Nov 14, diesel prices increased by P1.90 ($0.04) per liter and this week, it increased by another P0.20 to P0.54 ($0.01), prompting the renewed outcry.



(Photo by Angelica de Lara / bulatlat.com)
Last week, drivers and small operators, women and workers’ groups have also rallied against the non-stop oil price hikes. All of the protesting groups warned that poverty and hunger would likely worsen if the trend in price hikes such as of oil products continue unchecked.

Shell led in announcing the latest rounds of price hikes of diesel. Diesel now costs P47 ($1.09) per liter in Metro Manila and P49 to P54 ($1.25) per liter outside the capital.
Bayan members shouted their calls for scrapping the oil deregulation law at the headquarters of multinational oil company Shell in Makati City. They wore yellow shirts and bore placards of the Shell trademark on which were written their sentiments, for example their complaints that while oil companies are pocketing profits of at least P42-million ($976 thousand) a day, the Aquino government is acting “inutile” in the face of their ceaseless oil price hikes.

Pilipinas Shell is the local subsidiary of global giant Royal Dutch Shell. Of the oil companies operating in the Philippines, Pilipinas Shell declared the biggest profits from 2001 to 2009, totaling over the nine-year period to P73 billion ($1.62 billion). The still incomplete data for Petron showed that it earned more than P30 billion ($693.26 million) in profits over the same period, while Chevron (formerly Caltex) raked in P40.2 billion ($929 million) in profits from 2001 to 2009...... MORE

SourceBulatlat.com

URL: http://bulatlat.com/main/2011/11/25/oil-cartel-and-aquino-asked-to-%e2%80%9ccontrol-greed%e2%80%9d/

1 comment

Jesusa Bernardo said...

hay naku, kung hindi kayo nakipagkuntsabahan sa mga dilaw noong patalsikin ang tunay na halal na si erap, baka hindi tayo ganito kahit papaano. hindi ganito katuta at utak privatization.

"“It’s clearly a budget for debt-servicing, privatization and militarization. The 2012 budget reflects Aquino’s priorities in governance and economy – privatization in favor of big businesses, subservience to foreign interests, a more catastrophic implementation of a labor export policy, and intensified counter-insurgency at the expense of a just and lasting peace,” Martinez said."

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