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...
Senator Imee Marcos raised concerns over the government’s preparedness, warning that the country may be leaning too heavily on short-term relief instead of pursuing a clear energy strategy. "Having taken a month to realize that war had broken out and nothing was 'normal ' after all,...
President Marcos and Japanese Prime Minister Takaichi Sanae agreed to work closely for the early de-escalation of tensions in the Middle East, with particular focus on ensuring safe navigation in the Strait of Hormuz. The agreement was reached during a 20-minute telephone meeting on March 24,...
An energy official on Tuesday, March 24, disclosed the possibility of supply disruptions in a worst-case scenario tied to escalating tensions in the Middle East. During the first organizational meeting of the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy...
The Philippine National Police (PNP) is now readying its personnel and resources for possible involvement in assisting the Crisis Committee being set up by the national government to respond to the adverse effects of the Middle East tensions in the country. PNP chief Gen. Jose Melencio C....
President Marcos has thanked the drivers and operators of public utility vehicles (PUV) for "being part of the solution" to overcome the impacts caused by oil price hikes, urging them to continue doing so. Marcos made the call as he announced the provision of a P10,000 fuel subsidy for each bus...
Senator Risa Hontiveros urged the government on Monday, March 23, to urgently respond to the mounting challenges faced by the public transport drivers and commuters as fuel prices continue to climb. “Yung isang unit ng modern jeepney ngayon, lugi na ng P1,000 kada araw ng biyahe (Drivers are...
Senator Joseph Victor “JV” Ejercito on Monday, March 23 pushed for the creation of a government inter-agency task force that would oversee the potential impact of the escalating Middle East conflict on the Philippines ' economy and energy. Ejercito said it is imperative that the...
