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...
The purchasing power of Filipino motorists will be on another round of assault, as pump prices are expected to rise again at the gasoline stations next week, based on the calculation of the oil companies. According to the industry players, the price of gasoline will rise by P0.10 to P0.50 per...
Oil companies will implement another round of massive price hikes with gasoline prices anticipated to rise P1.60 to P2.00 per liter. Diesel users will also brace for a fresh increase of P1.15 to P1.45 per liter while kerosene prices will have a heftier upswing of P2.00 to P2.40 per liter. The...
The national government should prepare for a potential increase in domestic oil prices after global prices surged on Monday following Saudi Arabia and other OPEC+oil producers' decision to further reduce oil output by 1.16 million barrels per day, Sen. Sherwin Gatchalian said on Tuesday, April 4....
Senator Grace Poe on Tuesday, June 7 said months of sluggish government response has pushed the oil-hit transportation sector to the edge. Poe issued the statement as a number of public utility vehicle (PUV) drivers and operators are set to stage a widescale transportation strike should the problem...
Senatorial candidate Herbert “Bistek” Bautista on Thursday urged the public to brace for a continued surge in fuel prices as suppliers are likely to hoard stocks to push prices up. The UniTeam senatorial bet noted that oil prices are now being dictated by the ongoing war in Ukraine, the impact...
The Department of the Interior and Local Government-Cordillera Administrative Region (DILG-CAR) urged its local government units (LGUs) to reactivate their respective Local Price Coordinating Council (LPCC) to prevent any businessmen from taking advantage of the oil price hikes to the prices of...
Peasant group Kilusang Magbubukid ng Pilipinas (KMP) urged President Rodrigo Duterte to issue an Executive Order (EO), directing the removal of taxes on major oil products amid the price hike. KMP and Anakpawis Partylist leader Rafael Mariano, in a press statement on Thursday, March 10, said that...
Senate Minority Leader Franklin Drilon on Wednesday said the next administration is bound to face a “perfect economic storm” with the ongoing record-high budget deficit and high prices of fuel products caused by the crisis between Russia and Ukraine as well as a ballooning debt. “This is a...
BETTER DAYS Senator Sonny Angara Over the past month, we have seen a drop in the number of new Covid-19 cases, a decline in the hospitalization of people with severe or critical ailments brought about by the virus, and arguably the early signs of the revitalization of our economy. These...
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...
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...
