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Tag: oil price

TRAIN-driven rising cost of living makes wage hike urgent

July 9, 2018

Research group IBON said that tax-driven inflation is making the meager wages of poor Filipinos fall even further behind the rising cost of living. The group said this makes it even more urgent for the government to immediately raise wages even as it revisits the Tax Reform for Acceleration and Inclusion (TRAIN) law behind the […]

Double taxes on oil show govt’s lack of concern for poor – IBON

February 23, 2018

Slapping additional taxes on oil products makes the Tax Reform for Acceleration and Inclusion (TRAIN) law anti-poor, research group IBON said. Contrary to the argument that the new law is ‘fair’, the group said that these oil taxes should be scrapped for the benefit of millions of Filipinos who will otherwise continue to suffer the […]

No basis for oil price hikes as world supply remains high

February 20, 2015

Oil inventories showed supply jumping from 6.3 million barrels to 413.06 million in end-January Research group IBON questioned the recent increases in local oil prices, citing a US energy agency report that the global supply of crude oil has reached a new record high. Philippine oil prices increased for the second time in two weeks: […]