Youth group Anakbayan denounced the recent gasoline price hikes and held a noise barrage in Quezon City, Wednesday.
Last Feb 24, 2015 prices of gasoline increased by P0.85 per liter and diesel increased by P0.80 per liter. Recently two oil firms, Phoenix Petroleum Philippines Inc. and Pilipinas Shell Petroleum Corp., raised their gasoline prices by P0.15 per liter.
According to oil industry sources, other oil firms are expected to increase gasoline prices by up to P0.10 per liter. While liquefied petroleum gas (LPG) prices are expected to increase this week.
“The continuous price hikes is the result of the Aquino administration’s adherence to the anti-people Oil Deregulation Law,” said Vencer Crisostomo, Anakbayan National Chairperson.
The youth group also pointed out that presidential relative and big businessman Danding Cojuangco’s is the current chairman of one of the ‘Big 3’, Petron.
