Next administration urged to reverse Oil Deregulation Law
A party-list lawmaker is challenging the next administration to reverse the Oil Deregulation Law, as one way to regulate the prices of petroleum products.
Gabriela party-list Rep. Arlene Brosas has expressed concern over the continuous increase in the prices of gasoline, diesel and other fuel products.
“Kahit bali-baligtarin ang usapin ng taas-presyo ng langis, and Oil Deregulation Law pa rin ang puno’t dulo nito. Kaya hamon sa mga tumatakbo sa pagkapangulo na gawing prayoridad ang reversal ng deregulation ng oil industry para pigilan ang walang prenong profiteering ng mga kumpanya ng langis,” Brosas said.
The solon is blaming the said law for the automatic adjustment of prices everytime there is tension in other countries particularly those producing oil.
“Dahil sa Oil Deregulation Law, instant ang taas-presyo ng langis kahit ilang buwan nang inangkat ang lokal na suplay ng petrolyo. Napakalaki ng puwang para kumulimbat ng bilyun-bilyong kita ang oil companies,” she added.
The Gabriela Party-list also reiterated its call to at least suspend the excise tax on fuel products under the TRAIN Law, as the oil price hike barrage is already causing spikes on the prices of food and other basic necessities.
“Magtutuloy-tuloy pa ang oil price hikes na ito, kaya kailangan nang aksyunan ang panawagang suspendihin ang excise tax sa mga produktong petrolyo para kahit paano’y makaalwan sa mga tsuper, komyuter at konsyume,” she said.
