Oil Deregulation Law
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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…
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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…