Top officials of the Land Transportation Franchising and Regulatory Board (LTFRB) have started the deliberation on all the fare hike petitions amid concerns on the operational costs in running public utility vehicles (PUVs) over the series of big-time oil price hikes in the past five weeks. Initial...
President Marcos has defended his administration 's handling of the economic fallout from the conflict in the Middle East, saying the government responded quickly to protect Filipinos and mitigate the crisis ' effects. In his fifth State of the Nation Address (SONA) on Monday, July 27,...
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
The Land Transportation Franchising and Regulatory Board (LTFRB) assured transport groups that it will review all the pending petitions for fare hike amid the increasing operational costs for public utility vehicles that include the surge in the price of petroleum products. LTFRB chairman Vigor D....
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
The Marcos administration is studying possible public transport fare adjustments and additional assistance for affected sectors amid rising fuel prices amid renewed tensions in the Middle East, Malacañang said Wednesday, July 15. Presidential Communications Office (PCO) Undersecretary Claire...
The Department of Energy (DOE) plans to replace its weekly fuel price guidance with a single, fixed price parameter to govern the next round of oil company pump price adjustments. This week, the DOE is setting the final range of fuel price adjustments, which will take effect on Tuesday, July 14....
Brace yourselves for a steep increase in fuel expenses next week as the squeeze on global middle distillate inventories and renewed geopolitical tensions in the Middle East threaten to push domestic diesel prices up by nearly ₱5 per liter. Based on the full-week trading averages of the Mean of...
Consumers are facing a dual energy price shock this month as upward adjustments in generation charges and escalating geopolitical tensions in the Middle East drive up both household electricity rates and retail pump prices. Manila Electric Co. (Meralco), the country’s largest power distributor,...
NEW YORK (AP) — Oil prices are rising, and stock markets are falling worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.5% after Trump said the agreement to pause fighting was "over," though he added that he would...
