Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
Motorists face a sharp reversal at the fuel pumps next week as the three-week streak of price cuts comes to a halt amid escalating geopolitical tensions and tightening regional supplies. Based on the four-day trading average of the Mean of Platts Singapore, the industry’s regional benchmark,...
Motorists face a sharp reversal in fuel pricing next week as escalating geopolitical tensions in the Middle East disrupt a brief period of relief at the pump. Based on the first three-day trading average Mean of Platts Singapore (MOPS), diesel could halt its double-digit rollback by increasing its...
Shell Pilipinas Corp. will slash fuel prices by ₱5 pesos per liter for one week starting Friday, as the local unit of the global energy giant seeks to capture larger share of the domestic retail market amid fluctuating global oil benchmarks. In a statement, Shell said the promotional discount,...
Sari-sari stores recorded a 90-percent surge in sales in March as rising global oil prices triggered widespread stockpiling among micro-retailers and households, according to homegrown tech startup Packworks. In a statement on Thursday, April 23, Packworks said that based on over one million...
Fuel retailers are on track to extend their streak of price rollbacks next week, though the pace of the decline is projected to moderate amid tightening regulatory environment and persistent Middle East volatility. Based on the first two days of trading for the Mean of Platts Singapore (MOPS), the...
President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
Around P3.3 million worth of fuel subsidy will be directly downloaded to 28 groups of drivers and operators of public utility vehicles (PUVs) in Mimaropa region as part of the intervention measures amid complaints of slow distribution of cash assistance. Vigor D. Mendoza II, chairman of the Land...
Iran is approximately 7,000 kilometers away from the Philippines. But an ongoing war in that part of the world rattles ours almost immediately. This conflict in West Asia (or the Middle East to the Western world) has disrupted crude oil shipments to the Philippines, a country that imports about 98...
The Land Transportation Franchising and Regulatory Board (LTFRB) is planning to set up help desks in as many participating gas stations as the government’s P10 per liter subsidy started on Tuesday, April 14. And when that happens, the Philippine National Police (PNP) also wants to make its...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), ordered police commanders in Metro Manila and other areas to remain on alert and visible for the remaining two days of the transport strike as he commanded them for a peaceful and orderly first day of the protest....
A number of transport groups have declared their intention not to join the three-day transport strike and the Philippine National Police (PNP) wants to ensure that they will not be threatened and harassed. At the start of the transport strike on Wednesday, April 15, PNP chief Gen. Jose Melencio C....
