Oil Deregulation Law
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US imperialist hands off Venezuela! End the plunder of global oil resources — PISTON
PISTON condemns in the strongest possible terms the recent military aggression and illegal seizure of power by the United States government, led by Donald Trump, in Venezuela. We stand in solidarity with the Venezuelan working class in resisting this naked display of imperialist banditry led by the US imperialist regime. The US government’s mask has…
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Oil Price Shock: Market manipulation, not Middle East conflict, to blame — Piston
Piston strongly condemns the looming P5 per liter big-time oil price increase. The real culprit behind the relentless price shocks are market speculation and profiteering, not the Israel-Iran conflict as so often claimed. The truth is, global oil prices are being manipulated by traders and oil giants who exploit every hint of geopolitical tension to…
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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…