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...
House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Thursday, Oct. 29 slammed the Department of Finance for aggressively pushing for approval of a bill that resulted foregone revenues of P260 billion to government while standing strong against any move to suspend the...
One of the largest agricultural groups in the country has joined the snowballing campaign to appeal to President Rodrigo Duterte to suspend the excise tax on petroleum products as fuel cost continued to soar, thus seriously affecting all areas in the agriculture sector. Samahang Industriya ng...
Malacañang expressed confidence Tuesday, Oct. 26 that the government would be able distribute the P1-billion fuel subsidy it had committed to the public transport sector before the end of the year. Presidential Spokesperson Harry Roque (Photo from Harry Roque's Facebook) Presidential...
Opposition lawmakers on Tuesday, Oct. 26 urged leaders of the House of Representatives to prioritize the passage of a bill that seeks to repeal the law imposing excise tax on oil products. Makabayan bloc2 House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate and ACT Teachers...
Senatorial aspirant and human rights lawyer Jose Manuel 'Chel' Diokno on Monday, October 25, called on the government to impose a price ceiling on the prices of goods amid the increase of fuel prices for the ninth straight week. Human rights lawyer Chel Diokno (MANILA BULLETIN FILE PHOTO) Diokno,...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
Malacañang is looking at both the possibility of suspending the excise tax on fuel and giving fuel subsidies to the public transport sector amid the soaring prices of petroleum. (Manny Llanes/ MANILA BULLETIN) Thus said Presidential Spokesperson Harry Roque in a virtual press conference Monday,...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
As global oil prices considerably settled at $85 per barrel, higher oil prices will reign again at Philippine petroleum pumps in this coming week. As calculated by the oil companies, the price of regular gasoline will be increased by P1.05 to P1.15 per liter; while the higher grade gasoline...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
