Jeepney drivers urged the Philippine government to suspend taxes on petroleum products like diesel to help cushion the impact of the recent oil price hikes.
Jeepney drivers demand tax suspension, junking of deregulation law amid oil price hike
Tags: Oil deregulation law
Analysis | Beyond fuel taxes, regulate and nationalize the oil industry
A 20-passenger jeepney usually has a full tank capacity of 60 liters, which means that the driver is spending ?1,107 ($21.83) more to fill up his tank. That is equivalent to about 29 kilos of rice – or two weeks’ worth of the regular consumption of a five- to six-member household.
Analysis | Why are oil prices rising, and what we can we do about it?
Overpriced gasoline and diesel, for instance, gave oil firms an estimated P38.47 billion (US$757.13 million) in additional income, of which P4.62 billion ($90.93 million) went to the government as value-added tax (VAT).
Market Watch | Oil prices up again this week
For the 22nd time this year, the price of diesel will again go up this week with oil firms announcing a price hike of PHP 0.60 per liter.
Excessive oil price hikes under deregulation worsen TRAIN impact
Looking at the local oil price movement from the start of the year up to May 15, the price adjustments in diesel may have been “excessive” by about P1.03 per liter and gasoline by P1.34 centavos per liter. This resulted in about P53.74 million additional collections every day from diesel and gasoline products for the oil companies. Of this amount, P6.45 million daily go to the Duterte government’s oil VAT collections (on top of its additional revenues from the TRAIN law’s oil excise taxes).
3 oil price hikes in 3 weeks, all unjustified – transport groups
‘The hikes sprang from the oil companies’ “imagination and greed,” which the Oil Deregulation Law gives them license to use.’
Big time oil price hike questioned amid falling global oil prices
International oil price data show local oil prices should have been going down rather than up.
Piston submits 7 demands to Aquino
During a nationally coordinated drivers’ and workers’ protest led by Piston yesterday, March 24, George San Mateo, national president of Piston, said they disagree with the fare hike plan aired by Acto, 1-Utak, Altodap and Fejodap, “because public opinion will be turned against us drivers.”
PISTON bats for P6 fuel discount for PUVs
PISTON explains that the P6 fuel discount is better than demanding for a fare hike, knowing that the riding public have been complaining about low wages and increasingly high prices of goods and services.
‘Progressive groups to set up protest centers March 20
By MARYA SALAMAT
Progressive groups are protesting against high prices, high rates of utilities and mishandling of Sabah issue.
Drivers decry shrinking income, demand big-time rollback in oil prices
By MARYA SALAMAT
“What enriches oil companies greatly impoverishes Filipino consumers, especially public utility drivers.” – PISTON Partylist