Categorie: Commodities
Submitted about 1 month ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
Almost all Filipinos are in mental and emotional state over rising prices of foods and basic commodities. Above all, is the full force jumps in the prices of petroleum products continue in the Philippines. Prices of gasoline and diesel have gone up 16 times, and by no less than P12 a liter, since last January alone. For months now, the price of a barrel of crude oil has been rising steadily and with no signs of stopping. There has been a lot of complain and murmuring about how oil companies are reaping records profits. How they are charging the consumers without mercy. The thing is, what can the government and the people do about it? In this case, the issue of oil deregulation law was emerged. Legislators, private and government sectors and the masses are protesting for the repeal of oil deregulation law, but Malacanang would not dare to give in.Under the oil deregulation law (Republic Act No.8479) enacted in by the Tenth Congress in 1998, government does not interfere with the pricing, export and importation of oil products, nor the establishment of retail outlets (gasoline stations); storage depots; ocean receiving facilities and refin...
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Submitted about 1 month ago by
Lovephileo
, WEB CONSULTANT / PASTOR
at LIGHT OF THE WORLD CHRISTIAN CENTER
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