MMDA: Transport strike, protests vs oil price hikes a dud
The response of the government after a transport strike is called is not just to determine whether the strike was successful or not. The transport sector knows that the fuel prices are determined by the global market but the question is, are the oil players pricing their fuel at reasonable levels? Could it be that they are quick in increasing their prices but slow in reducing them when global prices go down? Some of our legislators like Senator Recto has even claimed that the prices of oil in the country is way above the right level and this has to be resolved. Second, are the prices of oil in the provinces at reasonable levels too? What should be the basis in computing the prices given the distance of the oil distributors from their respective depot?
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