Amidst the rising cost of fuel in the world market and the implementation of EVAT that resulted to a tremendous increase of oil products such as gasoline, (http://philippineenergynews.blogspot.com/2006/05/oil-prices-up-by-p050.html), Energy Companies still have the opportunity to gain profit that is even more higher than the previous quarter of the year and getting higher and higher every year, while in contrast, the oil prices is also getting higher almost every less than a month. Shell Philippines, for example, declared last April that their net income for the first quarter of 2006 is greater that their record in 2005. They declared this during the time when the oil prices rose almost every week and while the price of oil in the world market was trending upward. read more..

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