Saudi Fuel Price: P7.00 ... !!!
@lilyoungfella (1196)
Philippines
July 8, 2008 11:18pm CST
I was watching local news last night. Headline? Another increase in the fare for the commuters in PUJs & PUVs. Though it's another burden for us, but with the unstoppable oil price hike weekly, I can't blame those people demanding for fare increase. But what struck me most is the feature story last night. This was probably the cheapest oil price i have ever heard in my entire life. Premium 95-Octane gasoline in Saudi only costs 60 halala, which is equivalent to Php7.00 per liter!! It's not surprising,their lying on the bed of oil. But hearing this kind nowadays would really surprise you. Now make a comparison, Php50.00+ & Php7.00. Was it that really expensive for the oil to make its way here in our country?..
1 person likes this
5 responses
@aseretdd (13730)
• Philippines
9 Jul 08
I wonder is Saudi Arabia... or other oil producing countries in the middle east would trade their oil for drinking water... it is common knowledge that eventhough they have plenty of oil... they lack fresh water... and that cost a lot there... and here in our country... fresh drinking water is very cheap... so we can just have like trade their oil for our water... just a thought...
@lilyoungfella (1196)
• Philippines
9 Jul 08
I wonder also if they would want to trade in for our fresh water.
1 person likes this
@otobits (97)
• Philippines
23 Apr 09
I think its that kind of expensive but rather how the government and our external creditors control our economy. The question is why dont our govt. support alternative source of energy. well what can we do but to wait for announcement for the up & down of the prices.
@rsa101 (37952)
• Philippines
9 Jul 08
Well with the many hands that that oil has passed through. I definitely suspect that before it reaches our shores it has increased significantly. With the government taxing it the prices will become more higher than when it was released from Saudi. Unless we become an Oil producer ourselves we will be at their mercy for the prices.
@soheavenlyme (117)
• Philippines
9 Jul 08
i guess yes, it has to go shipping to the phil and to the provinces. but the big thing is the vat and evat that the government and companies are passing on to us.
they keep millions of peso in their pockets.
what a government.
