Filipino consumers will have to tighten their belts once again when it comes to their fuel budgets this week, as gasoline prices will increase by P0.90 per liter; while diesel prices will go up by P0.80 per liter. Kerosene, which is the other fuel commodity in the weekly adjustments, will also inch...
Former vice president and senatorial aspirant Jejomar Binay proposed on Monday, Feb. 28, several measures to mitigate the impact of higher fuel prices and inflation in the event of a prolonged conflict in Europe after Russia launched an attack against Ukraine on Feb. 24. Russia, considered as the...
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...
Prices at domestic pumps will rise for the ninth time this year following last week’s ascend of global oil prices to more than $100 per barrel as an upshot of Russia’s invasion of Ukraine. In the calculation of the Philippine oil companies, gasoline prices will be on uptick by P0.95 to P1.05...
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...
House Deputy Speaker Mikee Romero claimed that the Department of Finance (DOF) can't block the proposed suspension of oil taxes, which he said would give Filipino consumers much-needed relief by way of fuel price cuts. (File photo/ MANILA BULLETIN) Romero, in a statement Wednesday, Feb. 23,...
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...
Amid the runaway increases in pump fuel prices, Gabriela Party-list Rep. Arlene Brosas issued a challenge to the candidates vying for the Palace seat in the upcoming 2022 polls: reverse the Oil Deregulation Law. "Kahit bali-baligtarin ang usapin ng taas-presyo ng langis, Oil Deregulation Law pa rin...
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...
Filipino consumers are bracing for another week of added financial burden at petroleum pumps as the price of gasoline products will rise anew by P0.80 per liter; while diesel prices will go up by P0.65 per liter. Kerosene products, the base for aviaton fuel will also increase by P0.45 per liter,...
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...
