Oil Deregulation Law
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P1.00 PUJ fare hike highlights urgent need for oil price regulation — PISTON
Transport group PISTON said that while the P1.00 provisional fare hike can provide a slight relief for PUJ drivers, the Marcos Jr government should focus on holding oil companies accountable for overcharging and should immediately the Oil Deregulation Law instead of shifting the weight of surging fuel prices to drivers and commuters. “The P1.00 fare…
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PISTON slams P0.20/L oil price rollback, demands urgent repeal of Oil Deregulation Law
Transport group PISTON criticized the recent oil price rollback as blatantly insignificant compared to the overpricing of oil companies enabled by the Oil Deregulation Law. Oil companies are set to reduce diesel, gasoline, and kerosene prices today by P0.20/liter and P0.50/liter respectively. “This meager rollback is an insult to the citizens, especially to those directly…
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PISTON calls for Marcos Jr gov’t to take substantial action on OPH amidst OPEC production cuts
As oil firms have implemented another large hike in fuel prices today, transport group PISTON has called on the Marcos Jr government to urgently take action by implementing policy reforms such as fuel excise tax and VAT suspension, and oil industry regulation instead of downplaying the effects of cuts in global crude oil production. Starting…
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PISTON reminds Marcos Jr: Anti-poor, self-serving policies cause the poor to suffer, not transport strikes
In response to Marcos Jr’s remark that the planned transport strike against the PUV phaseout will cause more suffering to the people, transport group PISTON said if the president is genuinely sincere on people’s welfare, his government should immediately act on junking the full implementation of the PUV Modernization Program, Oil Deregulation Law, and other…