Where is the oil price dive

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Thursday, May 29, 2014


NO CLEAR explanation has ever been given why prices of premium fuel and diesel fuel vary among cities or towns. Of course, there is no argument that part of the price differential is transport costs on oil truck tankers.

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But consumers are wondering why is fuel price in Bacolod City higher than the price in Kabankalan City and Iloilo City. Petroleum suppliers always present technical explanations so that the poor consumers will never get the correct explanation and gets tired of the clarification. That is a style in presentation.

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With the smaller players coming into the picture, the major companies in the alleged cartel are now threatened. This is somewhat similar to the entry of herbal and organic food supplements which have greatly affected the revenue of pharmaceuticals.

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It is the entry of say, Phoenix Petroleum, into the fuel and lubricants scene that obliges the bigger players to lower down their fuel prices. As the saying goes, where there is competition, there is better service, in this case it results to better prices.

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Phoenix is now entering the market and it has threatened major and smaller players. So Phoenix must continue its efforts making more slices of the pie in the market.

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In a coffee session among businessmen, most of them laughed on the issue as to why this government continues to import rice under its allegedly notorious agencies. In an argument, coffee drinkers asked each other if they buy and eat NFA-branded rice. They even asked if the President and Cabinet officials and senators of this country patronize NFA rice, or if the Secretary of Agriculture and Secretary of Health eat NFA rice every day.

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A disgruntled former politician said that NFA rice better be tagged as National Food for Animals (NFA). When we buy NFA rice, it is not for my family, it is for my several dogs and cats, said the retired banker. I want to see our government officials patronize and eat NFA rice, he said.

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This column greets Ryan Villan, Mike Villacorta, Rey Jacomille, Ray Gabo, Toto Tarrosa, Noli Puentevella, Mayor Jomax Ortiz, Art Colmedora, George Sanchez, and Lion Oni Gregorio and Ronnie Gevero.

Published in the Sun.Star Bacolod newspaper on May 29, 2014.

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