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Continue reading →: Firms controlling 92% of LPG market making identical price hikes is clearly dubious
Something is clearly dubious when four companies that together control almost 92% of the domestic market for liquefied petroleum gas (LPG) implement identical price hikes. Last week, Petron, Shell, Liquigaz, and Total separately announced the same increase of P4 per kilogram in the retail price of their LPG. These same…
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Continue reading →: LPG issues
Amid reports of a supposed “shortage” in supply of liquefied petroleum gas (LPG) in the country, the House of Representatives committee on energy chaired by Rep. Mikey Arroyo has scheduled a probe (on Feb 3) on the issue. Meanwhile, the Department of Energy (DOE) has warned LPG dealers that they…
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Continue reading →: Oil products still hugely overpriced
Despite the continued rapid decline in global oil prices last month, petroleum products in the country remain hugely overpriced as oil firms refused to implement substantial rollbacks in domestic pump prices. Latest estimates by the Bagong Alyansang Makabayan (Bayan) show that as of December 2008, diesel is still overpriced by…
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Continue reading →: Worsening permanent crisis amid the global crunch
In her New Year message, Mrs. Gloria Macapagal-Arroyo described 2008 as “tumultuous” due to the global recession. But fortunately, according to her, this “has not become a crisis in the Philippines”. In several occasions, Mrs. Arroyo had credited her “tough, unpopular” decisions for supposedly cushioning the impact of the world…
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Continue reading →: Obliterate
Explaining her “no” vote to the Joint Resolution on CARP (Comprehensive Agrarian Reform Program) extension, Representative Risa Hontiveros of the pseudo-progressive party-list Akbayan said that Congress has “managed to obliterate an entire class” with the approval of the said resolution. Obliterate means “wipe out”, “eliminate” or “annihilate”. I wonder how…
