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  • Party-list reps line up 3 bills
    in arsenal vs ‘oil-firms cartel’
     
    By Fernan Marasigan
    Reporter

    WITH the government’s apparent helplessness in controlling rising domestic fuel prices, militant legislators are pushing for the passage of three bills to give government the teeth to loosen the tight grip of the foreign oil oligopoly made up of Shell Philippines, Petron Corp. and Caltex Inc.

    Party-list Reps. Teodoro Casiño and Satur Ocampo of Bayan Muna, Liza Maza and Luz Ilagan of Gabriela, and Crispin Beltran of Anakpawis said House Bill (HB) 3029, or an Act Regulating the Downstream Petroleum Industry and for Other Related Purposes, HB 3030, an Act Instituting Centralized Procurement of Petroleum in the Country, and HB 3031, an Act Renationalizing Petron Corp., will provide the people much-needed relief.

    Filed on November 6, these three bills, they said, “are bold and concrete steps to address the problematic oil industry squarely and regulate oil-price increases in the country if immediately passed into law.”

    HB 3029 will repeal the oil-deregulation law (RA 8479) that allows oil companies to hike oil prices on their own and HB 3030 will allow government to take advantage of economies of scale through centralized oil procurement. HB 3031 would revert Petron back to government control to give it leverage in setting prices.

    “We call on consumers and various sectors of the public to support these proposed measures that are tangible, long-term solutions that will mitigate the impact of skyrocketing oil prices,” the lawmakers said in a statement.

    They criticized the Arroyo administration for “rendering the Filipino people defenseless against the continued oil-price increases” [that] “are pushing more and more Filipinos into abject poverty.”

    “The Arroyo regime only puts up a show of blaming monopoly oil companies and says it cannot stop oil prices from skyrocketing. This shows that Arroyo is beholden to the interests of the oil cartels and is not prepared to address the energy crisis we are facing,” they added.

    According to them, since the oil industry was deregulated by the administration of then-President Fidel Ramos in April 1996, oil companies have hiked pump prices of all petroleum products by around 535 percent.

    “To add to the festering problem, oil companies and even [President] Arroyo have already announced that fuel prices will still go up by P4 a liter before Christmas, and there may be more hikes to come in 2008, saying the government cannot do anything outside of ineffective measures such as an automatic tariff mechanism that does not stop the price hikes nor ensure fair price adjustments,” they said.

    “If this government wants to address this major problem confronting the nation, it should immediately enact House Bills 3029, 3030 and 3031 into law.”

    The group also cited an observation of the United Nations that the Philippines is among the countries that are most vulnerable to oil price shocks because it is heavily dependent on imported oil.

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