How can we stop oil companies from profiteering?

How can we stop oil companies from profiteering?

By BENJIE OLIVEROS
Bulatlat.com

Oil companies increased pump prices again. This is the eighth oil price hike since the beginning of the year alone, amounting to a net increase of P6.75 ($0.16) per liter for gasoline and P6.50 ($0.15) for diesel. This would bring the prices of oil products in the country near its peak of P60 ($1.40) per liter in 2008 when the price per barrel of oil was at $147 and speculators were projecting (or wishing) that it would reach $200.

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