Price Controls for Oil Products!

Today, transport workers belonging to the National Confederation of Transportworkers’ Union (NCTU) staged a picket protest in front of PETRON Gasoline station in Tomas Morato, Quezon City, to demand the imposition of price controls on all oil products.

“The Aquino government’s fuel subsidy program, with its very complicated implementation scheme, is not sustainable,” Erie Cruz, national chairperson of the NCTU, said. “What we need is a more comprehensive and long-lasting response, such as establishing a buffer fund that would protect consumers from oil price hikes,” he added.

The NCTU reiterated its demand to scrap the Oil Deregulation Law and institute a more stringent regulatory system to curb, if not eliminate, what is widely perceived as abusive practices of oil companies.

“For a long time now, oil companies have been profiting from the public’s misery and the government seems to have turned a blind eye,” Cruz bemoaned. The NCTU is demanding immediate government action against what it perceives as over-pricing of the Big 3: Petron, Shell and Chevron.

“If we, the working poor, are still considered by President Aquino as his boss, then we’d like to see him heed our demands: impose price controls and suspend E-VAT on all oil prices now,” Cruz declared.

The National Confederation of Transportworkers Union (NCTU) is a national organization of PUJs, tricycles, pedicabs and other transport workers’ organizations around the country.

 

SCRAP RA8479 (OIL DEREGULATION LAW)!

REVIVE OIL PRICE STABILIZATION FUND!

REMOVE E-VAT ON ALL OIL PRICES!

IMPOSE PRICE CONTROL NOW!

DISMANTLE THE OIL CARTELS!

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