NEDA insists gas prices should be cut to P41/L, diesel at P35/L

[Sigwa]

http://groups.yahoo.com/group/Talsik/

Re:NEDA insists gas prices should be cut to P41/L, diesel at P35/L

It is mind-numbing how the free market economy works
in the Philippines. Here in Massachusetts, the price
of gasoline dropped $1/gallon when the price of crude
dropped from $140/barrel to $70. That is almost $40 a
month less for me to have to pay at the pump to ride
out this recession.

I heard the price of a liter of gasoline in the
Philippines drop P2 or roughly P8/gallon during the
same time period. That is $0.16/gallon if my math
serves me right.

Can someone tell me where the justice is in all of
that?

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