THE BIGGEST CORRUPTION SCHEME

Galp company (Portugal) Founded on 22 April 1999 as GALP – Petróleos e Gás de Portugal SGPS, S.A
the only refiner and the leading distributor of oil products in Portugal, and GDP - Gás de Portugal, SGPS, S.A.
Due to this companies attitude and policy Portugal has one of the highest final consumer price for any oil product (diesel /regular) in the world.
The company has a policy that every time the price of crude in the international market increases the price paid at the pump by the motorist is agravated by +/- 3 cents per litre..
Nymex crude is down about $33, or 22 percent, from its high of $147.27 on July 11, however this same company
only reduced oil prices by half a cent or as was the case today (13-08-2008) one cent !!!

In London, Brent crude for September was priced at $111.91 a barrel, but motorists in Portugal are paying this same crude priced over $140.00 a barrel !!!

These inflated prices have the approval of the government and other oil companies such as BP and Repsol, these companies practice the same consumer prices all the time..and of course the higher the oil price the more revenue for the government....Oil consumption in Portugal this year has dropped more than 8% and all tendencies indicate that it will continue and pass 11% !!!
Galp is Portugal's leading integrated oil and natural gas group, with a growing presence in Spain and a developing power business ...BUT THE FINAL CONSUMERS ARE THE ONES PAYING FOR THE COMPANIES EXPLOITS..

THIS COMPANIES IMAGE WITH THE PUBLIC HAS NOW REACHED THE LOWEST EVER...AND IT WILL CONTINUE...