Oil Price Hike
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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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‘Lavish display of insensitivity’: PISTON slams Marcos Jr’s F1 trip amidst big-time oil price hike
Transport group PISTON slams Marcos Jr’s disregard for the plight of ordinary Filipinos, as he jetted off to Singapore to indulge in the luxury of the Formula One Grand Prix while his own country grapples with a big-time oil price hike looming this week. “Habang napipilitan nang maghigpit ng sinturon ang mga namamasada at ang…
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Fuel subsidy not enough to cushion impact of oil price hike — PISTON
As oil prices continue to soar for the 10th consecutive week today, transport group PISTON raises concern over the insufficient fuel subsidy recently approved by the Department of Budget Management (DBM) and the national government’s budget priorities. Around 1.3 million transport workers will share a meager P3 billion one-time fuel subsidy. However, PISTON argued that…
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Scrapping fuel taxes, oil deregulation law, can benefit more Filipinos than fare hikes — PISTON
Transport group PISTON said the government can mitigate the impact of oil price hikes on drivers and ordinary Filipinos alike by suspending the EVAT and Excise Tax on petroleum products and repealing the Oil Deregulation Law instead of hiking up PUV fare prices. “While it is the right of drivers to demand substantial earnings in…