PISTON to gov’t: Scrap oil law to stop surges

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The government should scrap the Oil Deregulation Law instead of passing on the burden of surging fuel prices to drivers and commuters, the transportation group PISTON said.

Floranda stressed that the P1 provisional fare increase could slightly help drivers, but it still did not make sense as a whole, especially since the increase in gasoline reached up to P19 per liter. The transport group noted that the Oil Deregulation Law failed to deliver its original promise to lower fuel prices through unrestricted trade “and has since afforded oil companies the freedom to raise fuel prices without significant government oversight.”

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MlaStandard /  🏆 20. in PH

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