NEDA Acting Director Santos initially said that the government was open to lowering VAT on oil. However, this was downplayed but none other the Executive Secretary Ermita. After declaring that the VAT would remain on oil, he then went on to announce that there won’t be any wage hikes because “the situation did not warrant it”. So… what the hell is the plan? Will the government just sit idly as prices continue to soar with each week? Instead of saying no to all the proposals being given by other politicians, the government should make public their plans of what we will do in the coming weeks and months to address this crisis.

With the oil prices constantly on the rise, this will affect other sectors as well. Food prices and other basic commodities will also spike. While gas/oil might not be a major issue for other people in this country, I’m pretty sure that price hikes in food will. Lastly, the gas price does impact majority of the people and not just the rich. There’s an impending fare price increase of most public transportations and the MRT operators are also starting to cry out for help due to the massive surge of commuters.

I know that the people in this administration are smart people… so please, show us the battle plan. Assure the country that you guys are on top of the situation.

Tags: Gas Oil Tax Price

This entry was posted on Wednesday, July 9th, 2008 at 11:55 pm and is filed under Gas Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.