"Oh my oil"          Jeepney fares up 50¢ as oil firms hike prices a new  By Reinir Padua and Neil Jerome Morales (The Philippine Star) Updated March 21, 2012 12:00

A jeepney packed with students and workers travels along a mountain road in Ambuklao, Benguet province. Starting today, minimum jeepney fares will be higher by 50 centavos in Metro Manila and four other regions. Andy zapatajr.

MANILA, Philippines - Consumers will again bear the brunt of higher oil prices as five petroleum firms jacked up pump prices yesterday and the Land Transportation Franchising and Regulatory Board (LTFRB) approved an increase of 50 centavos in jeepney fares for the first four

kilometers in Metro Manila and Regions 2, 3, 4 and 5, raising the minimum fare to P8.50.

The latest oil price increase comes on the heels of last week’s pause in price mark-ups.

“Big three” firms Petron Corp., Pilipinas Shell Petroleum and Chevron Philippines, along with independent players Total Philippines and Eastern Petroleum, added 70 centavos per liter for premium gasoline.

All five firms increased pump prices of regular gasoline, diesel and kerosene by 60 60 centavos per liter.

Shell said the adjustment was implemented “to reflect the increase in international product prices.”

Eastern Petroleum said it is passing on to consumers the resulting increase in world prices.

Dubai crude, the benchmark for prices in Asia, closed at $124.30 per barrel on March 14 before easing to $122.25 per barrel last March 16. Last Friday’s price is cheaper than the $123.65 per barrel on Mar. 9.

International oil prices remain high given continued tensions over the nuclear program of oil producer Iran.

Since the start of the year, there have already been 10 oil price increases as against three price reductions.

As of Mar. 13, net increase stood at P5.85 per liter for gasoline and P3.20 per liter for diesel, data from the Department of Energy (DOE) showed. There were no price adjustments last week.

For its part, the DOE said the reloading of the PantawidPasada cards is ongoing.

“The DOE has reloaded PantawidPasada cardholders whose jeepneys’ plate numbers end with 3, 4 and 5,” the department said in a statement yesterday.

Cardholders
Jeepney fares up 50¢ as oil firms hike prices anew

By Reinir Padua and Neil Jerome Morales (The Philippine Star) Updated March 21, 2012 12:00 AM

A jeepney packed with students and workers travels along a mountain road in Ambuklao, Benguet province. Starting today, minimum jeepney fares will be higher by 50 centavos in Metro Manila and four other regions. Andy zapatajr.

MANILA, Philippines - Consumers will again bear the brunt of higher oil prices as five petroleum firms jacked up pump prices yesterday and the Land Transportation Franchising and Regulatory Board (LTFRB) approved an increase of 50 centavos in jeepney fares for the first four kilometers in Metro Manila and Regions 2, 3, 4 and 5, raising the minimum fare to P8.50.

The latest oil price increase comes on the heels of last week’s pause in price mark-ups.

“Big three” firms Petron Corp., Pilipinas Shell Petroleum and Chevron Philippines, along with independent players Total Philippines and Eastern Petroleum, added 70 centavos per liter for premium gasoline.

All five firms increased pump prices of regular gasoline, diesel and kerosene by 60 60 centavos per liter.

Shell said the adjustment was implemented “to reflect the increase in international product prices.”

Eastern Petroleum said it is passing on to consumers the resulting increase in world prices.

Dubai crude, the benchmark for prices in Asia, closed at $124.30 per barrel on March 14 before easing to $122.25 per barrel last March 16. Last Friday’s price is cheaper than the $123.65 per barrel on Mar. 9.

International oil prices remain high given continued tensions over the nuclear program of oil producer Iran.

Since the start of the year, there have already been 10 oil price increases as against three price reductions.

As of Mar. 13, net increase stood at P5.85 per liter for gasoline and P3.20 per liter for diesel, data from the Department of Energy (DOE) showed. There were no price adjustments last week.

For its part, the DOE said the reloading of the PantawidPasada cards is ongoing.

“The DOE has reloaded PantawidPasada cardholders whose jeepneys’ plate numbers end with 3, 4 and 5,” the department said in a statement yesterday

Cardholders can now use their P1,200 credits in participating gas stations nationwide.

The DOE earlier completed the reloading of cards for jeepneys whose plates end in numbers 0, 1 and 2 and said that it will reload the cards of the remaining beneficiaries in the coming days.

The PantawidPasada Program, which started in May last year, is a P120-million government program to cushion the impact of high fuel prices on the public transport sector.

http://www.philstar.com/Article.aspx?articleId=789297&publicationSubCategoryId=63

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Oil price hike is one of people’s economic problems and that is the reason why I chose this article to share my reactions. Honestly, I’m not used or I don’t read and watch news about our economy I just ignore it but lately with the help of this project on posting reactions about the issues in our country, I discovered myself getting interested in some economic issues in the Philippines and to have information too.

Nine years ago, I can still remember my fare was just two pesos only in riding tricycle as I went to school and back home. As I compare right now to seven pesos as SP and eight pesos for regular passengers. I realize that every year there will be an increase of the oil price that affects people, in terms of the living status that the income of my parent’s is just enough to sustain the needs in life. Even though the price rise, the consumer will still force to buy even the budget is not enough. The tendency of this, poor people will suffer because of the small income and there still more increase of oil.

 In reality, we all lived in a scarcity world that maybe one of these days my needs will be lessen like oil due to the continue of increase in price. I can relate to this because as a student who commutes just to go to school will also suffer due to the increasing fares. I have no power if the price still increases because they are the source of that product that people need it for their living in order to gain money. I have no choice but to buy and pay how high the price because they were superior to us in comes in the oil supply.

Suppliers and manufacturers will benefit a lot rather than the consumers. This issue is very situational because if only gasoline increases its price that only means there is a low of supply in gas. There will be a big cost of money to spend through many processes and it will go to the government to get permission of the product they want to sell.

I can’t predict what will happen next but all I can say is, we must accept the fact that we are living in a scarcity world. I suggest that the fares as well as incomes will be balance that all of us can benefit of that product.

"Go and Multiply"

"Go and Multiply"

Solving Overpopulation

Overpopulation is and should be everyone’s concern. It’s not something that we should blame only on the poor or the government or especially only on those who have seemingly taken God’s directive to “go forth and multiply” to heart.

It would be so easy to point a finger at the poverty-stricken families with x (and counting) number of children. And they could very well take the blame without protest as uninformed as most of them are. But then again shouldn’t there be enough information and facilities made available to them in order to make the sensible choices? We cannot really think that these people actually choose to make everyday living a burden on themselves and on their ever-growing brood. Well, really now, that would make a large part of the population slightly masochistic.

As for the government, well, it’s so easy and convenient to blame them. Not to say that the government is lacking in programs and what-not to help alleviate overpopulation. But obviously, since the problem is still there, its efforts are not enough. Here is where we come in. As individuals, we are not called to any drastic sort of action so as to initiate change. It just means living life fully and responsibly. It means going about the day-to-day aware of the problem that faces society today. It means making informed choices and spreading awareness when given the opportunity. It means moving through the mundane conscious of how you can be of help. Most importantly, it is the willingness to take part and “be counted” when the need arises. And if some are moved to do more, then more power to them.

After all, each and every one of us adds to the head count that constitutes the country’s population. We must think that being part of the problem, then we should also be part of the solution.

http://www.philippinestoday.net/index.php?module=article&view=275

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I chose this article because I found it interesting. As I search all economic issues this one is striking to me because there are a lot of opinions of others about Philippines as over populated country. In the society, if it is really over populated there will be more man power in the community, more demand better for businessmen through transportation, lands and supplies. They will implement the RH bill in order to lessen the population but it is a sin to kill innocents.

In my part, it’s not easy for me to sustain my family’s needs in order to live to an over populated country that all are affected on that situation, a space to live is so hard to find, children without parents will live in the streets and the salary of my parents as the source of income will be affected. I should be responsible enough to find away how to raise my family through poverty. Unemployment in our country that makes people decides to go abroad as OFW’s because of financial problems and I don’t want that to happen in me because I have plans in my future someday.

I can relate this to myself because it is hard for me to adjust my needs and wants as a human being who lives in an ordinary life. I suggest to who are concern of the said over population in our country is to apply and learn more about family planning to prevent poverty and to have a development in the Philippines. One child policy just like in China, that’s why their economy is progressive and that proves RH bill must be implemented in the Philippines because Over population causes poverty in to the country. In my opinion as I can see, it is not over populated because some areas in the Philippines are unoccupied that needs improvement for people to live.