Senator Pia Cayetano on Friday, March 27 welcomed the successful drilling of the Camago-3 gas well, saying it a breakthrough for the Philippine’s energy security and local energy production. “This comes as a source of hope and opportunity, especially at a time when the conflict in West Asia...
Fuel prices are expected to offer a slight reprieve to motorists next week following a period of aggressive “big time” hikes, as easing geopolitical tensions in the Middle East begin to cool global energy benchmarks. According to industry data based on the four-day trading Mean of Platts...
KIDAPAWAN CITY – Provincial governments in Central Mindanao have stepped up measures to cushion the public and local economy against the impact of the steep fuel price hikes from the conflict in the Middle East. Cotabato Gov. Emmylou Taliño-Mendoza signed on Thursday, March 26, Executive Order...
The government should consider suspending or reducing the value added tax (VAT) on fuel products as this can provide immediate and substantial relief to Filipinos burdened by the ongoing oil crisis, Senator Paolo “Bam” Aquino IV said. Aquino made the call during the Proactive Response and...
Malacañang assured Filipinos that the government will take every action "within the bounds of the law" to cushion impacts caused by the ongoing crisis in the Middle East. "Ang gobyerno po, lahat ng puwedeng gawin within the bounds of law ay gagawin po (The government will do everything it can...
A unified government framework is needed to effectively address the global fuel and energy disruptions amid the continuing conflict in the Middle East, Sen. Francis “Chiz” Escudero said on Thursday, March 26. Escudero made the call as he welcomed President Marcos’ signing of Executive Order...
The Philippine National Police (PNP) has not monitored any significant incidents that threatened peace and order during the first day of the two-day transport strike launched to protest the rising fuel prices. PNP chief Gen. Jose Melencio C. Nartatez, Jr. said police units in Metro Manila and other...
Oil industries expressed support for the removal of the 12 percent value-added tax (VAT) on petroleum products at the point of importation, saying the move would be easier to implement and would directly lower pump prices. During the second organization meeting of the Senate Proactive Response and...
Amid the series of big-time oil price increases in the past few weeks, at least two major groups of bus operators urged President Marcos to reconsider his decision to suspend the implementation of the fare adjustments for public utility vehicles (PUVs). In two separate letters addressed to the...
After 26 days since the Middle East conflict, Senator Sherwin Gatchalian said that it 's "concerning" that the government still has no unified, coordinated national contingency plan to address matters related to the country 's oil supply. In a press conference on Wednesday, March 25,...
Some senators on Wednesday, March 25 finally heaved a sigh of relief after President Ferdinand “Bongbong” Marcos Jr. finally declared a state of national energy emergency for the Philippines in light of the ongoing oil crisis. “I welcome the President’s declaration of a state of national...
President Marcos said ferry and bus operators have committed not to increase fares this Holy Week despite rising fuel prices. In an interview with Bloomberg aired on Tuesday, March 24, the President said the commitment is part of the government’s efforts to ease the burden on commuters and the...
