Solon pushes for trio of bills as solution to costly fuel 36 SHARES Share it! Bayan Muna, which filed all three, is calling on the House leadership to fast track the bills to shield Filipinos from the escalating oil price hikes. On Tuesday, local oil companies imposed pump price hikes reaching up to P1.35 per liter, which is hefty by any standards. “Even without factoring in the increases in the world demand for oil and the artificial effects of speculation, world oil prices are unreasonably and unjustifiably high because they are under the control of monopolistic transnational oil corporations. “Moreover, they continue to still deny the already obvious existence of a cartel, alleging they merely follow the movements of world oil prices.

Source: Manila Bulletin October 02, 2018 15:11 UTC