Now i couldn't resist to write something about this. As you may have read in earlier news, EO839 was implemented at the height of the devastation of tropical storm Ondoy to limit the price of petroleum. Naturally, it didn't take long for the big 3 to start complaining; and Shell finally sued and filed a petition to lift the order.
Lo and behold, Shell has just been ordered by the Bureau of Customs to pay P7.34B (read: Billion) in taxes for importing unleaded gasoline and declaring it as a blending component (therefore no tax). And that does not include penalties yet. How can a big reputable company have the nerve to complain and even file a case in court while it has its own stinking 3-pronged tail cheating at the back? For all we know, they'tr just hoarding stocked petroleum to pressure the government in lifting the freeze due to "low supply". Pay up before you go asking us consumers more than what we actually get from you!
Now, the price freeze will be lifted due to pressure from the big 3, and we are expecting fuel prices to increase as much as P14 per liter in the coming weeks.
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