- Category: Opinion
- Published: Wednesday, 21 December 2016 16:14
- Written by Ausen T. Lambert
- Hits: 1790
Did you know that the FSM Petroleum Corporation has twice reduced its prices for the petroleum products it sold to the Gas Stations?
The first reduction was 15 cents and the subsequent one was equally in similar amount translating to a 30 cents overall reduction. In doing such a generous approach, the FSM Petroleum Corporation respectfully challenged management of the pump stations to pass on the same rate reduction to the customers which is the general public or all of us. This is the advantage of our five governments in the nation owning the corporation. I thank you PetroCorp for such an act living up to your resolute obligation. This corporation has a role in making sure that the price of its services is not burdensome to the people as I pointed out in my previous letter to you as published in the newspaper. It is an obligation for all our public corporations’ long unforgotten purpose to undertake to benefit the people they serve. The plea of our FSM Corporation to the pump stations is to reduce their prices by the same amount it sold to them was an unprecedented or unheard tradition of business dealings. The challenge made by our corporation to the managements of the pump stations to reduce their prices at the same amount is presumably a strong indication that the pump stations are making tremendous profits. Otherwise such challenge would not be a feasible business practice imposed externally. The prices of a gallon of gasoline at the pump stations then were $3.95 to $4.00 inclusive of their markups.