Justify price hikes, power, oil firms asked

Lawmakers Wednesday asked power and oil companies to justify the new round of price increases amid complaints that these were based on flimsy reasons.

Eastern Samar Rep. Ben Evardone, a member of the House committee on energy, said consumers did not deserve the early Holy Week suffering forced upon them by power and oil firms.

“Oil companies should not exploit the crisis in the Middle East to further increase their profits. On the part of Meralco (Manila Electric Co.), it should not use the onset of summer as an excuse to increase the monthly bills of their captive consumers. It has become a vicious cycle for Meralco and power generation companies to increase their rates every summer,” Evardone said in a text message.

Read more at Philippine Daily Inquirer

 

Con Yap