Looks like oil companies are loving the P1.50 increase in oil price. It’s in the news that by weekend, a new P1.50 increase is to be implemented by oil companies. That would bring the prices (in Davao city) to ~P55/liter for gas and diesel at ~P48/liter. Aaaw. Not to mention, the rice sky rocketed to 40s.. I was surprised when I got back from Surigao del Sur that high quality rice is now at P45-48/kilo.
As always, the villain is “presyo ng krudo sa pandaigdigang pamilihan,” the price of oil in the world market. The price of gasoline is just too much for Juan dela Cruz. What’s more alarming is that the oil companies seem to enjoy increasing gas price by more than a peso. Before they would increase it at most by 50 cents. But gone are those days.
The government should really act on this. I am very sure oil price will continue to rise. It’s inevitable because we have no control over the world market. What I wish the government would act on is how to compensate or help the Filipinos cope with this crisis. Removing the 12% VAT in gasoline would be a very big help. I heard from Senator Mar Roxas that the government has earned much than projected from the oil taxes. That’s why he wants the government to lift the VAT to at least decrease the price of gasoline. I am not a fan of a politician but I highly respect Mr. Roxas for citing and stating to the public this significant matter.









