dAVe — Fri, 06 Jun 2008 15:04:43 +0000

Oil Price + 1.50/liter by weekend. A week ago, I had an entry about oil companies loving 1.50/liter increase. They are about to prove me right. There’s just no stopping the oil price hike. On the other hand, lifting of the 12% VAT on oil price seems to be an impossible dream. The administration is very vocal in their resistance of the said action. Plus, I saw the president boasting over the media the P400 million earnings from oil tax. ACCORDING TO HER, this was utilized for reforms, subsidies, other funds.

The cost of rice is extra high here in Mindanao, particularly in Davao City. No one could clearly explain why. PryceGas LPG is at P677 while Shellane LPG at P690 (as of June 2, Buhangin, Davao City).

BAND AID SOLUTIONS

I was dismayed looking at the news over the past two weeks. To name some, NO UNIFORM POLICY, P500 electricity bill subsidy.

Serious thoughts. » Oil Price