Senatorial candidate Herbert “Bistek” Bautista on Monday said buying back Petron from San Miguel Corp. would help foster competition and provide a vehicle for subsidies which the government needs to ensure to mitigate the impact of an oil price surge as tension between Russia and Ukraine...
When asked how he would respond to the economic effects of Russia’s invasion of Ukraine, labor leader and presidential candidate Leodegario “Ka Leody” De Guzman proposed the reversal of the long-maligned Oil Deregulation Law. De Guzman also condemned Russia’s ongoing attacks on Ukraine,...
The country’s economic managers — meeting last February 24 in the inter-agency Development Budget Coordination Committee (DBCC) after Russia’s invasion of Ukraine — announced the government’s readiness to provide “targeted assistance” and relief to sectors directly affected by the...
Senator Sherwin Gatchalian on Friday called on the government to formulate measures aimed at cushioning the possible impact of the conflict between Russia and Ukraine on the country’s oil prices. “As oil pundits would say about oil prices - it's 80 percent speculation and 20 percent actual...
Sen. Manny Pacquiao, presidential candidate of PROMDI Party and PDP-Laban (Pimentel Wing), is willing to cancel sorties and other campaign operations to join a special session of Congress for the enactment of a bill that would propose the reduction or suspension of excise taxes on fuel. Sen. Manny...
Magsasaka party-list Rep. Argel Cabatbat called on the national government to begin the urgent distribution of fuel subsidies for farmers and fishermen amid the rapidly increasing prices of petroleum products. Magsasaka Partylist Rep. Argel Joseph Cabatbat (MANILA BULLETIN FILE PHOTO) He is...
Senator Imee Marcos on Monday, Feb. 21 urged the government to find a longer-term solution to rising crude oil prices that would render fuel subsidies for public utility vehicle (PUV) drivers, farmers, and fisherfolk inadequate. “World events could push up fuel prices beyond what we have seen in...
Senatorial candidate and former Quezon City mayor Herbert “Bistek” Bautista on Wednesday backed calls proposing that the national government buy back Petron Corporation to help temper fuel price increases in the country. Bautista said he supports the plan to buy back Petron, which was once...
Senator Grace Poe on Wednesday urged gasoline station operators to offer discounts as oil prices continue to increase. “In the absence of oil price control under a deregulated regime, we urge operators of gasoline stations to ensure competitive prices by offering its customers discounts on fuel...
As oil firms implemented on Tuesday, Jan. 18 a big time price hike, the chairman of the House Committee on Public Accounts called on all mayors to show no mercy to gasoline stations that operate with defective fuel pumps to defraud motorists. Rep. Jose 'Bonito' Singson Jr. Probinsyano Ako Partylist...
The Land Transportation Franchising and Regulatory Board (LTFRB) has appealed to oil companies to provide bigger fuel discounts for public utility vehicle (PUV) drivers who are still reeling hard from the effects of the pandemic and the increasing pump prices. (MARK BALMORES / MANILA BULLETIN FILE...
The Department of Transportation (DOTr) would not blink in its recommendation to increase passenger capacity in public transportation, road, and rail in Metro Manila to up to 100 percent amid concerns on the continuous threat of the coronavirus disease (COVID-19). In fact, DOTR Assistant Secretary...
