Statement of Senator Nene Pimentel on Unioil Petroleum's cutback
of prices of gasoline by P4.75 per liter, diesel by P3.50
and kerosene by P1.50

UNIOIL should be praised for setting a precedent for other oil companies when it cut down prices substantially for gasoline, diesel and kerosene.

If other oil companies follow suit, it will enable our consumers to buy essential commodities at much lower prices than they cost at present.

The government should respond not by raising the excise tax on oil but in fact by lowering tariff duties on oil and oil products wherever possible.