House Deputy Majority Leader and ACT-CIS party-list Representative Erwin Tulfo pushes to debunk the Oil Deregulation Law amid continuous oil price increases.
In his privilege speech, Tulfo said that the ACT-CIS party list will file a proposal to formally promote the repeal of said law.
"Ako po at mga kasamahan ko sa ACT-CIS Party-list, kasama po ang dalawa pang district representatives ay maghahain ng isang panukalang batas para ibasura na ng tuluyan ang Oil Deregulation Law," he said.
"At muling ibalik sa pamahalaan ang pagkontrol sa presyo ng produkto ng petrolyo sa ating bansa," Tulfo added.
According to him, Republic Act 8479, or the Oil Deregulation Law, does nothing good and instead makes the public suffer even more.
"Wala na pong naidudulot na maganda sa naghihikahos nating bayan ang batas na ito at panahon na po na ibasura po ito," Tulfo said in his privilege speech.
He continued, "hindi na po mapagkasya ang kita ng mga kababayan natin dahil sa pagmahal ng mga bilihin dulot nga po ng sunud-sunod na pagtaas ng presyo ng langis sa ating bansa."
Tulfo said that the people were deceived, or na-onse," when it was enacted.
"Nalinlang po ang taumbayan o na-onse sa pagpasa ng batas na ito dahil pinaniwala tayo noon na magpapababaan ng presyo ang mga kompanya ng langis pag hindi na raw hawak o kontrolado ng gobyerno ang pagpepresyo sa produktong petrolyo," Tulfo said.
In the current system, it is obvious that the big oil companies conspire to determine how many oil price hikes will be implemented every week.
Tulfo said it seems that the role of the Department of Energy is to monitor price adjustments every week.
In the bill is the proposal to establish a fund that can be called "Budget ng Bayan" for cheap gasoline or serve as a subsidy when the price increases in petroleum products.
Meanwhile, Tulfo made the statement after oil companies announced another round of oil price hikes.
