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AS consumers complain of dizzying hikes in oil prices, or at times, unsatisfied at the amount of rollbacks in recent weeks, the oil companies are consequentially suspect of profit-taking.
The deregulation of the downstream oil industry is already traversing roughly 23 years – yet the fires of controversies are still very much focused on the same concern – pricing.
Battle lines though may have been shifting a bit as industry competition gets tougher and the players’ trump card now hinges more on aggressive strategies to corner patrons and gobble up rivals’ market shares.
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