Transport group Manibela began its two-day nationwide transport strike on Wednesday, July 22, to protest the latest double-digit fuel price increases and push for a P2 increase in the minimum jeepney fare. Manibela said its drivers stopped operations at 5 a.m., while members began gathering at...
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
The Marcos administration is studying possible public transport fare adjustments and additional assistance for affected sectors amid rising fuel prices amid renewed tensions in the Middle East, Malacañang said Wednesday, July 15. Presidential Communications Office (PCO) Undersecretary Claire...
The Department of Energy (DOE) plans to replace its weekly fuel price guidance with a single, fixed price parameter to govern the next round of oil company pump price adjustments. This week, the DOE is setting the final range of fuel price adjustments, which will take effect on Tuesday, July 14....
Brace yourselves for a steep increase in fuel expenses next week as the squeeze on global middle distillate inventories and renewed geopolitical tensions in the Middle East threaten to push domestic diesel prices up by nearly ₱5 per liter. Based on the full-week trading averages of the Mean of...
There comes a point in every pop legend 's career where someone inevitably suggests they should "go back to what worked." Usually this produces something depressing: an album that mistakes recreating old production tricks for recapturing old inspiration, like watching someone desperately try...
Consumers are facing a dual energy price shock this month as upward adjustments in generation charges and escalating geopolitical tensions in the Middle East drive up both household electricity rates and retail pump prices. Manila Electric Co. (Meralco), the country’s largest power distributor,...
NEW YORK (AP) — Oil prices are rising, and stock markets are falling worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.5% after Trump said the agreement to pause fighting was "over," though he added that he would...
Diesel prices are rising again in early July, nearly erasing the massive rollback enjoyed by motorists weeks before the end of June. Effective Tuesday, July 7, diesel prices will rise by ₱1.57 to ₱3.57 per liter, while kerosene prices will increase by ₱1.70 to ₱3.70 per liter. Although...
Diesel prices are poised to rise by over a peso next week as Middle East outflows remain volatile. Based on Mean of Platts Singapore’s (MOPS) full-week trading, diesel prices could rise by ₱1.15 to ₱3.15 per liter, while gasoline prices could either ease by ₱1.70 or inch up by ₱0.30 per...
