The prices we consumers have to deal with is a by product of government policy on the oil industry. However, prices for all petroleum products rose by 535% since 1996.
Thus, it has been proven that oil companies change their prices along with the changes of the world market, even if the government deregulated the market. Given the unpredictable behavior of the world market, would oil prices in the Philippines ever be stabilized and reasonable?
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EASTERN REGIONAL ORGANIZATION FOR PUBLIC ADMINISTRATION
National College of Public Administration and Governance
University of the Philippines, Diliman 1101 Quezon City
Telefax: +632 929 7789
Created and maintained by the Filipino Historian.