Campus journalists slam oil ‘overpricing’
Gov’t must junk Oil Deregulation Law – CEGP
As a form of protest, youth organizations and students walked out of their classes today and joined the other sectors in the “national day of action against oil price hikes.”
The youth, with organizations of workers, drivers, and women, staged a program about the monopoly of pricing of petroleum products. Transport groups, led by Piston, also staged a protest “caravan.”
“Instead of regulating the prices of petroleum products, what this administration does is provide the biggest opportunities for the Big Three companies, namely Shell, Petron and Caltex,” said Pauline Gidget Estella, national deputy secretary general of College Editors Guild of the Philippines, an alliance of student publications.
“There is a difference of around $75 between the actual amount needed to produce a barrel of crude oil and the published price. The reality is that oil companies have fixed a bloated price for the sake of super profits,” explained Estella.
Estella contradicted the statement of Edwin Lacierda claiming the government’s inability to control the growing petroleum prices. “Actually, the Aquino Administration can junk the Oil Deregulation Law (ODL) to lessen the impact of monopoly pricing on the poor majority. However, as expected from a pro-cartel administration, and as the nephew of Danding Cojuanco who owns a portion of Petron, the government turns a blind eye to the 400 percent increase in prices of petroleum products within the 14-year implementation of the ODL,” she explained.
“The government has even tried to discredit the people’s protest against the oil price hike by declaring the protest as a strike and not a caravan. If the modes of transportation continue to operate, they would declare the action as a failure. Fairly predictable,” Estella stated. “Too bad, the action is not a strike, but a caravan. And there is a big difference between the two,” she ended.
From CEGP National Office