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Pangilinan hits oil companies for increasing prices amid typhoon’s onslaught

MANILA, Oct. 20 – Senator Francis “Kiko” Pangilinan slammed on Wednesday the oil companies for increasing their prices amid the onslaught of super typhoon Juan.
”That is insensitive and uncalled for – it’s like rubbing salt to our wounds,” said Pangilinan, who chairs both the Senate committees on agriculture and social justice committee.
The oil companies should have suspended the increase of their oil products specially now that the total crops destroyed by the recent super typhoon was pegged at P1.3 billion.
Reports said that about 1.38 million metric tons of rice was wiped out specially in the northern part of Luzon, including Isabela, which was the hardest hit by “Juan.”
“I don’t see why they need to raise their prices now,” Pangilinan added. “Can’t they not suspend it. Now’s a time when we all need to work together to rebuild after the world’s worst storm of the year. To even consider raising prices now is bordering on criminality already.”
Pangilinan said he will propose crafting legislation that would prevent price hikes during times of calamalities.
“We will look into crafting legislation that bars price hikes during times of calamity to prevent corporate abuse especially when consumers are at their most vulnerable,” Pangilinan said.
Last Tuesday, Pangilinan released P10 million from his Priority Development Assistance Fund (PDAF) for the relief and rehabilitation of provinces battered by typhoon Juan that also include: Benguet, Ifugao, Ilocos Norte, Ilocos Sur, La Union, Cagayan, and Nueva Vizcaya.
Senators Juan Miguel Zubiri and Bong Revilla have also expressed their readiness to release P10 million from their respective PDAF for the typhoon victims. â– 

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