After this week's rollback, petroleum product pump prices are expected to rise next week. Based on the first four days of the Mean of Platts Singapore (MOPS) and the average foreign exchange rate, gasoline is expected to jump by around P0.85 to P1.05, while diesel would go up by around P0.80 to P1....
Fuel prices are set to rise anew this week, driven by delayed production increases and geopolitical tensions in the Middle East. Starting Tuesday, Nov. 12, motorists can expect to pay more at the pump, with diesel prices increasing by P2.10 per liter, gasoline by P1.50, and kerosene by P1.20. ...
Motorists can expect some relief at the pumps next week, with industry estimates indicating a likely rollback in gasoline and diesel prices. Based on the latest oil trading data, gasoline prices are projected to decrease by P0.40 to P0.70 per liter. Diesel prices are expected to remain steady...
The Manila Electric Company (Meralco) has announced a reduction in electricity rates for October, while motorists should prepare for significant increases in fuel prices next week. Meralco said that electricity rates will decrease by P0.3587 per kilowatt-hour (kWh), bringing the overall cost for a...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
(Ali Vicoy/ MANILA BULLETIN) The executive and the legislature must prioritize measures that seek to lower fuel prices for the sake of ordinary Filipinos. Thus, said House Deputy Minority Leader ACT Teachers Party-list Rep. France Castro even as...
Exodus to the provinces will be agonizing on the pockets of consumers this week, as they will feel the tangible strain of hefty oil price hikes that are due for implementation at the domestic pumps this week. Based on the pricing advisories of the oil companies, the price of gasoline products will...
Rarely does one of these dragging, protracted hearings in aid of legislation ever result to a tangible benefit to the common Filipino. But that’s exactly what happened after the House of Representatives sought to get to the bottom of overpriced local onions in February 2023. Upon the order of...
Senate Minority Leader Aquilino “Koko” Pimentel III said that he is open to proposals of suspending the excise tax on imported oil and bio-ethanol as an immediate measure to bring down the fuel prices in the country. “The suspension of the excise tax could offer a temporary respite and serve...
ACT-CIS Party-list Rep. Erwin Tulfo (Facebook) Oil companies made numerous requests to House Speaker Martin Romualdez but offered nothing concrete in return during their consultative meeting Monday, Sept. 18 on the fuel price surge problem. Thus, said...
Gabriela Party-list Rep. Arlene Brosas (Facebook) Saying there's no action on the part of the government regarding soaring fuel prices, Gabriela Party-list Rep. Arlene Brosas is pushing for the certification as urgent of bills seeking to lower the prices of...
It will be another financially tormenting drive to the petroleum stations for consumers this week as the price of diesel products will rise by P1.20 per liter; while gasoline prices will increase by P0.50 per liter. The oil companies similarly advised that the price of kerosene products will climb...
