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Monday, June 09, 2008

Oil Price Hike in the Philippines Rises

It is disappointing to know that the oil price hike for unleaded gas and diesel in the Philippines continue to rise every week. This increase fears for an increase in food prices as well.

Just this Saturday, Chevron Philippines and Flying V increased by P1.50 per liter on diesel, gasoline and kerosene making P11 increase in oil since March 2008. The Bagong Alyansang Makabayan said they are planning for a series of rallies if the government will not do anything to control the rise of price. Department of Transportation and Communication (DoTC) and Land Transportation Franchising and Regulatory Board (LTFRB) is having difficulty of discouraging transport groups from asking increase in fare since the Department of Energy (DoE) is unable or failed to convince oil companies from controlling the increase or even made effort in delaying it.

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