KMU to launch massive protests vs oil price hikes

7 March 2012
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The Kilusang Mayo Uno (KMU) will lead a massive protest action on March 15 against continued oil price hikes. According to KMU chair Elmer Labog, workers and other impoverished sectors cannot accept the weekly hikes in the prices of petroleum products and the latter's overpricing in the local market, the monopoly of big oil companies and the Aquino government's collusion with them.

Labog called on workers and urban poor to join the nationwide protest and mass up at the nearest protest center. He said that the protesters must demand a major rollback in oil prices, the cancellation of the Value-Added Tax on oil and the abrogation of the Oil Deregulation Law.

Labog added that their determination has mounted to launch a massive protest because they have been fed up by recent statements from the Aquino government claiming helplessness in the face of continuing oil price hikes, He said that workers and other impoverished sectors cannot accept the continued existence of oil deregulation because this causes them relentless suffering.

Oil companies last raised the prices of petroleum products on March 2 for the eighth time in as many weeks. This has resulted in gasoline prices of almost P50 per liter and more than P1,000 for an 11-kilogram cylinder of liquefied petroleum gas.