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                    [ArticleID] => 203343
                    [Title] => Tax oil
                    [Summary] => No one is going to like this – except, perhaps, Emmy Boncodin. But it is a most reasonable thing to do.


Two things are happening simultaneously and separately: oil prices are climbing down in the aftermath of a quick war in the Middle East and our fiscal deficit is climbing up and threatening to overtake projections.


A slight decline in oil prices will not push down the inflation rate. Drivers and operators will not decrease fare rates. Manufacturers and retailers will not bring down the price of goods if pump prices are brought down a few pesos.


                    [DatePublished] => 2003-04-22 00:00:00
                    [ColumnID] => 134157
                    [Focus] => 0
                    [AuthorID] => 1804783
                    [AuthorName] => Alex Magno
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
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EMMY BONCODIN

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                    [Summary] => No one is going to like this – except, perhaps, Emmy Boncodin. But it is a most reasonable thing to do.


Two things are happening simultaneously and separately: oil prices are climbing down in the aftermath of a quick war in the Middle East and our fiscal deficit is climbing up and threatening to overtake projections.


A slight decline in oil prices will not push down the inflation rate. Drivers and operators will not decrease fare rates. Manufacturers and retailers will not bring down the price of goods if pump prices are brought down a few pesos.


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abtest

Tax oil

By FIRST PERSON | By Alex Magno | April 22, 2003 - 12:00am

No one is going to like this – except, perhaps, Emmy Boncodin. But it is a most reasonable thing to do. Two things are happening simultaneously and separately: oil prices are climbing down in the aftermath...

Opinion