Oil price hike a ‘highway robbery’ says Bayan Muna

Like the proverbial thief in the night, the oil companies again surprised the public with an oil price increase.

Shell Philippines, Chevron Philippines Inc. Eastern Petroleum and Phoenix Petroleum increased diesel prices by as much as P2 per liter while premium gasoline prices increased by P1.50 per liter.

Chevron also increased kerosene prices by P2 per liter and regular gasoline prices by 75 centavos per liter. Diesel price now is more than P36 and gasoline price ranges between P45 and P46.

“This is highway robbery,” Bayan Muna Rep. Neri Javier Colmenares said yesterday.

Colmenares criticized the oil firms for using once again the increase in the price of crude oil in the world market to justify their own price hike. (D’Jay Lazaro)

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