Oil Price Hike
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PISTON urges more protests as oil prices surge for the fourth straight week
The Marcos Jr regime has consistently failed to curb the power of the “Big Three” petroleum companies in the country. Despite inflation trending upward and rising cost of living causing widespread crisis, Shell, Caltex, and Petron continue to raise oil prices — the fourth consecutive increase in the past weeks. Despite deregulation 26 years ago,…
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Marcos Jr’s second year marked by meager wage increase, relentless oil price hikes
Marcos Jr’s attempt to cover up his incompetence by implementing a measly P35 minimum wage hike in the NCR cannot overshadow the fact that his administration continues to blunder the country in grave economic crisis. This pitiful wage increase is announced as the prices of oil continues to rise in its third straight week. This…
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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…