Heed the People’s Call for Immediate Relief
Heed the People’s Call for Immediate Relief
By BENJIE OLIVEROS
Analysis
Bulatlat.com
There seems to be no relief from oil price increases. The price of oil per barrel in the world market has breached the $100 mark ending at $105.44 for light, sweet, crude at the New York Mercantlie Exchange and $115 for Brent North Sea oil at the ICE Futures this March 9. Locally, pump prices have increased by another P2 after increasing by the same amount just last week. This would trigger another round of price increases of basic commodities and utilities because of its impact on production and transport costs. Likewise, we could expect another round of fare increases, and this might be used as a justification for pushing through with the highly unpopular plan to increase the fare of the Metro Rail Transit and the Light Rail Transit lines 1 and 2.
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