Youth group: Suspend oil price hikes, not just classes, work

THE youth group Anakbayan slammed the Aquino government today for allowing today’s oil price hike in the face of non-stop rains and floods which have submerged many parts of Metro Manila in waist-deep and even chest-deep floods.

“While ordinary Filipinos are busy coping with the rains and floods, the oil firms are taking advantage of the situation by hiking their prices. They are basically ‘profiteering’ off the misery of other people” said Vencer Crisostomo, national chairperson of Anakbayan.

This morning, Petron announced that their gas prices increased by P0.80 per liter, diesel by P0.40 per liter and kerosene by P0.30 per liter. Shell, meanwhile, hiked its gasoline by P0.80 per liter, diesel by P0.40 per liter, and kerosene by P0.30 per liter. Total raised their gas price by P0.80 per liter, and diesel by P0.40 per liter.

“Where is Aquino when the people need him the most? Enjoying the ‘bed weather’?” said Crisostomo.

The youth leader demanded that the Palace and the Dept. of Energy (DOE) intervene by implementing a price freeze for all petroleum products indefinitely.

“With their multi-billion peso profits, the oil firms cannot argue that a price freeze will make them close shop. The Aquino administration has all the legal and moral reasons for implementing such a freeze” he concluded.

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