Motorists and transport operators are bracing for another double-digit spike in fuel prices next week, as volatile shift in Middle East geopolitical rhetoric continues to rattle global energy benchmarks. Based on four days of trading under the Mean of Platts Singapore (MOPS), the regional pricing...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
After surviving the Covid pandemic, Senate President Pro Tempore Panfilo "Ping" Lacson prays the world survives "Trump-26" or the policies, actions, and events that occurred during the second term of President Donald Trump in the year 2026. Lacson said this on Wednesday, April 1, as Filipinos...
NICOSIA, Cyprus (AP) — Skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won 't return to normal levels any time soon, even if peace is declared tomorrow, the European Union 's energy commissioner warned Tuesday. Commissioner Dan Jørgensen said although...
Police teams will be keeping an eye on illegal fare hikes amid reports that some buses and other public utility vehicles (PUVs) are overcharging their passengers, citing rising fuel costs as the reason. PNP chief Gen. Jose Melencio C Nartatez, Jr. said the move is intended to assist the Land...
Eight bus companies and operators are now in trouble after they were accused of charging their passengers with additional fare without the approval of the national government. The Land Transportation Franchising and Regulatory Board (LTFRB) said it already issued a show cause order (SCO) against...
A bill seeking to classify gasoline, diesel and other petroleum products as basic necessities, making them under the government’s price control mechanism has been filed in the Senate. Sen. Paolo “Bam” Aquino IV filed Senate Bill No. 2011, saying the proposed law will address the gap in...
Senator Francis “Kiko” Pangilinan is pushing for more government interventions to protect farmers and fishers from the mounting economic pressures caused by the ongoing conflict in the Middle East. Pangilinan warned that escalating tensions in the region are already contributing to rising...
The distribution of P5,000 cash relief assistance to motorcycle (MC) taxi riders is currently underway today, March 28, at the Kartilya ng Katipunan near Manila City Hall. Authorities said a total of 3,989 motorcycle taxi riders are expected to benefit from the cash assistance program. The...
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...
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...
