Are The Oil Companies Fooling Around With Consumers?

The oil companies seems to be making a fool of the Filipino consumers by raising oil prices consecutively and then givign in to Malacanang and dropping the price by P1.50. If they find it feasible to lower their prices by this much then why raise it in the first place?

Malacanang should really investigate this cartel because something smells fishy and they wouldn't want to be the center of the ire of consumers who are already fed up with their game. How true that the oil companies profited millions from the continuous rise of oil price in the past months?