As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Baguio City lone district Rep. Mark Go (Facebook) A congressman has appealed to oil companies to bring down their fuel prices in Baguio, as he noted that the high fuel prices haven taken its a toll on consumers. In a House Committee on Energy...
Farmers' group Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, Nov. 7 responded to the recent statement of the newly assigned Department of Agriculture (DA) Secretary Francisco Laurel Jr. on the "inability" of the country to lower down prices of rice to P20 per kilogram in 2023. (Noel...
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
Consumers’ financial pain would be back at the pumps this week as the price of diesel products will rise by P1.30 per liter, while gasoline products will also escalate by P0.95 per liter, according to the pricing adjustment advisories of the industry players. Kerosene, which is the other...
Filipino consumers will brace for new wave of roller coaster ride of hefty price hikes at the oil pumps next week, with diesel rising by as much as P1.20 to P1.70 per liter, based on the calculation of the oil firms. For gasoline products, this will also increase by P0.85 to P1.35 per liter; while...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has personally warned emissaries of local oil companies that lawmakers won't hesitate to get tough on them if they turn out to be "part of the problem"--the problem being the...
House Speaker Martin Romualdez (Speaker’s office) Nine straight weeks of pump fuel price hikes mean it's time for House Speaker Martin Romualdez to have a friendly chat with local oil companies. “It is common knowledge that oil companies still sell supplies...
The pinch on consumers’ pockets will persist this week as the price of diesel products will rise by P0.40 per liter; while gasoline prices will go up slightly by P0.20 per liter, based on the pricing adjustment advisories of the oil companies. The industry players similarly notified that the...
The financial agony of consumers will persist on their drive to the gasoline stations again next week, as pump prices will be rising for the 10th week, based on the forecast of the oil companies. As calculated by the industry players, the price of gasoline products will increase by P0.05 to P0.45...
The chain of financial distress at the oil pumps will continue for Filipino consumers, as petroleum product prices are anticipated to rise again at the pumps by Tuesday (September 5), according to the oil companies. Based on the calculation of the industry players, diesel products will increase by...
It will be another week of painful drive to petroleum stations this week as the price of diesel products will rise by P0.70 per liter; while gasoline prices will climb by P0.30 per liter, according to the price adjustment advisories of the oil companies. The industry players similarly advised that...
