Oil Deregulation Law
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27 years of oil deregulation: bleeding drivers dry while oil cartels rake in profits — Piston
Piston continues to condemn the Oil Deregulation Law (Republic Act 8479), blaming it for continuously crippling the income and livelihoods of drivers and consumers. The law, enacted 27 years ago on Feb. 10, 1998 to liberalize the oil industry, has left drivers and consumers at the mercy of volatile global oil markets and unchecked corporate…
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Drivers face cruel new year as fuel prices soar — PISTON
PISTON denounced the latest predatory fuel price increases that slam public utility drivers in the first week of 2025, deepening their economic crisis. Diesel prices has surged by P1.40 per liter on Tuesday, while gasoline and kerosene prices has jumped by P1 per liter, driving retail diesel prices around P56 per liter in the National…
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Jeepney drivers buckle under soaring oil prices as Marcos Jr pampers billionaires with tax breaks — PISTON
PISTON said the relentless surge in oil prices continues to put significant financial burden on jeepney drivers, with estimates suggesting a loss of about Php 5,000 since October due to the skyrocketing fuel costs. Diesel prices have surged by Php 7.25 since the beginning of October, with the latest big-time increase reaching Php 2.10 per…
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Marcos Jr, oil firms continue to burden Filipinos with excessive taxes, unregulated prices — PISTON
Transport group PISTON renewed its call for the repeal of the Oil Deregulation Law as fuel prices surged by more than P2.00 per liter on Tuesday. According to the group, as Filipinos struggle with soaring costs of living, it is clear that both oil companies and the government are benefiting disproportionately from speculative pricing practices.…
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End oil deregulation as Israel-Palestine war stirs up oil price speculations — PISTON
Transport group PISTON demands the Marcos Jr government to scrap the Oil Deregulation Law and urgently regulate fuel prices as oil companies and cartels could exploit the ongoing attacks waged by Israel on the Palestinian people to hike up oil prices. PISTON also calls on the Philippine government to denounce Israel and its number one…