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Manila Bulletin devider Philippines devider National devider 'Nalinlang ang taumbayan': Erwin Tulfo holds nothing back vs oil deregulation law

'Nalinlang ang taumbayan': Erwin Tulfo holds nothing back vs oil deregulation law

Published Aug 14, 2023 02:48 pm

At A Glance

  • Simply put, Filipinos were duped by the promise of lowered fuel prices by the Oil Industry Deregulation Act, said ACT-CIS Party-list Rep. Erwin Tulfo.

IMG-96e895bb3d134407816e43f1e8d01c56-V.jpgACT-CIS Party-list Rep. Erwin Tulfo (Screenshot from YouTube live)

Simply put, Filipinos were duped by the promise of lowered fuel prices by the Oil Industry Deregulation Act.

Thus, said House Deputy Majority Leader and ACT-CIS Party-list Rep. Erwin Tulfo in his privilege speech Monday night, Aug. 14 wherein he promised to put a stop to the hardships being caused to Filipinos by the law.

Case in point is the new round of pump fuel price hikes reaching up to P1 per liter starting Tuesday morning, Aug. 15.

Tulfo noted that it was just last week when local oil companies imposed a hefty P4 per liter price increase on fuel products.

He faults the Republic Act (RA) No.8479 or the Downstream Oil Industry Deregulation Act of 1998 for these runaway price hikes. Tulfo called RA No.8479 as a "useless law" that should have been junked years ago.

"Nalinlang po ang taumbayan--o na-onse ika nga sa kalye--sa pagpasa ng batas noon dahil pinaniwala tayo noon na magpapababaan ng presyo ang mga kumpanya ng langis pag hindi na raw po hawak o kontrolado ng pamahalaan ang pagprepresyo ng produkto ng petrolyo," the former Department of Social Welfare and Development (DSWD) secretary said.

(The public was deceived--or hoodwink--into believing that oil companies would race each other in reducing prices once government ni longer has a say in the pricing of petroleum products.)

"Dahil sa halip na magdulot ng ginhawa sa bawat Pilipino, ito po ay nagdudulot ng abala at pasananin lalo na po sa ating kababayang mahihirap...Panahon na po na ibasura po ito," Tulfo underscored.

(Instead of giving Filipinos relief, it has caused them inconvenience and an additional budget, especially to our poor country...it's time to junk this law.)

Tulfo said he would be filing with his fellow ACT-CIS solons a bill calling for the repeal of RA No.8479.

Enacted on Feb. 10, 1998, the law was supposed to liberalize and regulate the downstream oil industry in order to ensure a truly competitive market under a regime of fair prices, adequate and continuous supply of environmentally-clean and high-quality petroleum products.

Related Tags

Oil Deregulation Law Erwin Tulfo ACT-CIS Party-list
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