Read this article from Philippine Star.
Shell, Chevron and Total announced hikes in the prices of regular gasoline by 70 centavos per liter, , 60 centavos; diesel, 25 centavos; and kerosene, 40 centavos, effective 6 a.m. Tuesday. The DOE said the price hikes should have only been P0.16 per liter for diesel and P0.39 for gasoline.
What did the government do? The DOE sent a mere letter to the oil companies.
DOE’s director for Management Bureau Zenaida Monsada earlier said the recent price hikes appeared to be higher than what official computation should indicate.
The DOE said the latest prices – P46.45 to P49 per liter for diesel and P53.60 to P60.81 per liter for gasoline – have already breached record highs in 2008.
So, these oil giants have been fooling us for the longest time. And the punishment they got? Zero. Zilch. Nada.
What government did was just demand these oil firms to open their books. And then what? Are we going to get a rebate on the things we paid for that were surely exorbitant?
This government, like the previous ones, are babying these oil companies to the detriment of the general public.
We need a stronger government to address this issue. We need a stronger leader that will really protect the interests of a consuming public always being put at the mercy of multinational companies.