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Posted by Bicol Today on January 9, 2008
Independent think-tank IBON Foundation said that the tariff cut on crude oil imports would mainly benefit the transnational corporations (TNCs) that dominate the local oil industry while having a negligible, if any, effect on pump prices. Read the rest of this entry »
Posted in Economy, Philippine Updates | Tagged: Oil deregulation, Philippine oil industry, TNCs | No Comments »
Posted by Bicol Today on November 10, 2007
Drastic measures are urgently needed to minimize the vulnerability of the Philippines to high global oil prices. Independent think-tank IBON Foundation says this includes the immediate suspension and eventual repeal of the Oil Deregulation Law and setting up a mechanism for government control of oil price hikes to ensure reasonable pump prices. Read the rest of this entry »
Posted in Economy, Philippine Updates | Tagged: Oil price hike, Oil deregulation, | No Comments »
