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Wednesday, December 10, 2008

Rollbacks yet no Rollback

Oil price rollbacks had been the recent news on Tv. From the price of PHP 50 per liter, it is now worth more than Php 30. Then,some oil companies have also announced that there will be another rollback this December as 'gift' to the drivers.

How come that the tricycle fare in my town is still PHP 8? It was 6 pesos before but due to continues oil price hike, the fare also went up last september. There have been rumors that if there will be a reduction, it will only amount to 1 pesos! The government unit responsible to implement this change haven't acted til now. Whoever lead that unit, he surely is playing safe. The drivers want more, the commuters want less. So, he is to make the best solution, that is to meet halfway. Before, there were so many hikes yet the drivers strived to exist with only 6 pesos as fare. Now that oil price has gone down,they can't take to risk to resume the old fare. Are they afraid that there will be another boom in the future?So they are taking the opportunities now to prepare for such event. I don't get the logic. When it goes high again, the commuters will understand if they take action to increase rates again. But now that the price is backsliding,they should also consider the interest of the commuters.

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