oil price hike... AGAIN

@pierrella (1088)
Philippines
April 13, 2010 5:43am CST
Prices of oil (gasoline, LPG, diesel) just rose by P1. Recently, the oil companies lowered down their prices by P0.25 but now they are increasing by so much. There are two sides of the story on how we can look at this: First, the oil companies are charging a high price. Meaning, although the price is volatile, they still profit much from this. There was even a recent news about an oil company who's not paying tariffs. Second, price hike is okay since we are following the world market. Oil companies have the right to increase prices since we can't expect them to operate at a loss. They are businesses who have business interest. What's your view on this?
2 people like this
9 responses
• Philippines
13 Apr 10
There's nothing new about the rise and fall of oil prices in our country. Yeah, they say that their prices depend on that of the world market. But I believe that the 'Big Three' are members of a cartel wherein they can control the prices of their products, making everything more profitable for them (of course!). And since we don't have any control over this activity, it's really about time to explore more the uses of our other natural resources. We have had a lot of genius inventions aimed at maximizing our natural, renewable resources and I believe that we can still do more. The problem lies in our government because it's not supporting these inventions, which left them to be picked up by and developed in other countries. Most of the time it's us, people, who start the problem. So the solution must also come from us.
1 person likes this
• Philippines
13 Apr 10
Hmm. Maybe I need to minimize using the car. It will help our environment and also my savings. We dont have anything to do with this because its an OIL. We cant just produce it.
• Philippines
13 Apr 10
That's a good idea. Have you tried car pooling with others? Maybe that can help a bit instead of taking your own car.
@pierrella (1088)
• Philippines
13 Apr 10
What we need is an electricity operated vehicle to save money. But that would be very expensive too.
@ajarvaise (453)
• Philippines
13 Apr 10
Not again!!! My, this will trigger again a chain reaction of price increase in food products (meat, poultry, fruit, veggies, canned goods) and perhaps another fare hike and then there's the Meralco...A lot of people will really suffer, especially the poor.
@pierrella (1088)
• Philippines
13 Apr 10
I've seen in the news that groups are pushing for fare increase. I just don't know if it'll push thru and when.
@bluemars (952)
• Australia
14 Apr 10
This thing is unreliable, seriously just when I think okay there might be a small chance of some stability then there it goes again up and and up and away. I know the feeling of feeling kind of ripped off too by it all. If only our cars ran on nothing but air that would be really fair to those hungry giants.
• Philippines
13 Apr 10
I don't even want to think about this oil price hike thing. This hasn't rocked as much before GMA was president. Now it's happening almost every 6 months. Now public utility vehicle drivers are also asking for a fare increase, which when you think about it hard enough on the consumer's point of view, they don't lower the price when oil prices go down. So we're basically going with the flow, following the wave. I don't appreciate this news much. But we gotta do what we gotta do!
• Philippines
13 Apr 10
hello pier, what they're doing is in justice to all motorist, most specially those who are public service vehicles. i hope when my candidate wins he would pursue new energy sources than the oil because we can't afford to deal so high oil price hikes and it might kill the consumer demand. worse, no one will use vehicles or buy any more.
@xtedaxcvg (3190)
• Philippines
13 Apr 10
In the future we won't have to worry about these price hikes. I believe that there will come a time that renewable energy will be available and affordable. I just hope it happens in the near future as these oil tycoons are really tightening their grip for power by controlling the prices of their products.
• Philippines
13 Apr 10
This is what we should expect when an industry is control by a few players. when world price went down they just cut their price by 25 cents but when it up they increased by 1 peso. when the prices are down they will say that they have one month inventory and can't immediately cut prices. but when prices are up they will increase immediately.
@ada8may21 (2419)
• Philippines
13 Apr 10
My view in this oil price hike, is that its time for us to find our own resources of getting oil. I heard in a news before that somewhere in Palawan we could get lots and tons of oil in that area. All we have to do is to develop the area into an oil plantation. Then there also another invention that we can convert all the transportation into water consumption. Meaning all the cars, jeepneys, buses and any other means of transportation they will used water instead of oil. If the government just supported that invention I guess we are no longer suffering this oil price hike.