WHY YOUR GAS MONEY GOES TO OIL GIANTS

PD 1956 protected Filipinos from oil price shocks. RA 8479 repealed it. Now we pay the price—again and again.

The old system worked: government collected small levies, built a buffer fund, and absorbed global price spikes before they reached consumers. When oil surged abroad, pump prices stayed stable. Then Congress chose deregulation. RA 8479 killed the fund, repealed price controls, and declared that competition would protect consumers. It didn't. Today, oil companies hike rates on old inventory using Singapore benchmarks. Families bleed. Profits soar. The government watches.

This history is not just legal trivia—it is a diagnosis. The solution existed. We dismantled it. Hope lies not in new policy but in remembering what worked. Demand Congress revive the Oil Price Stabilization Fund. The law that killed stability can be replaced by the law that restores it.