Daily Market Upgrades June 24

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Feb 22 Global markets routed by Libyan bloody protests

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Local Pump Prices still overvalued compared to nymex crude oil, oil deregulation bill blamed

Crude oil sank 66% from the top, but local pump prices have not reflected this.  My own computation shown below, reveals that for local pump prices to just mimic crude's movement, our price per liter should at least be only P30, and can even go down to P23!  Regardless of how overpriced world crude was […]

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