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Bacolod City, PhilippinesSaturday, January 29, 2011
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Oil Deregulation
Law assailed anew

The United Negros Drivers-Operators Center Inc. of Bacolod City has reiterated its stand to review the Oil Deregulation Law to help local drivers, UNDOC secretary-general Jessie Ortega said yesterday.

The law has provided the oil companies full authority to change its prices when favorable to them, but local drivers are left with nothing but the same fare rate, Ortega said.

If the law no longer serves its purpose, it must be revoked, he added.

As much as they want to file for the fare increase, they cannot, because they have to make sure that the Energy Regulation Board will take a look at this problem, he said.

Ortega said they are not comfortable on the provisions of the law allowing oil companies to increase prices without consulting the public.

He said companies should show their book of accounts and organize public meetings to justify their claims of increasing oil prices, but this can only be done if the oil deregulation law will be reviewed.

Currently, public utility jeep basic fare is at P7 for regular passengers and P5 for students and senior citizens.*LTG



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