Petron profits at P7.7 billion
We are complaining about high prices of prime commodities - fuel, energy, food and others. For most of them as in the case of an energy company doubling its profits this can be done only briefly - it is unsustainable
High prices will reduce the purchasing power of consumers (assuming household income is constant) and recession may set in. It is like shooting our foot.
So every one patience and businessmen, more discernment
