Tag page - price act

A bill seeking to classify gasoline, diesel and other petroleum products as basic necessities, making them under the government’s price control mechanism has been filed in the Senate. Sen. Paolo “Bam” Aquino IV filed Senate Bill No. 2011, saying the proposed law will address the gap in...

What 's the use of the prevailing Price Act if it doesn 't cover fuel products? The Makabayan bloc sought to correct this on Wednesday, March 25 by filing House Bill (HB) No. 8765, which would amend the 34-year-old law and include gasoline and diesel as prime commodities. "HB No.8765 will...

There is a rainbow after the rain for consumers -- and that will be coming at the gas pumps as the oil companies calculated likely price rollback across products next week. Based on the outcome of three-day trading in the regional market, the estimated price cut for gasoline products would hover at...

Trade and Industry Secretary Alfredo E. Pascual said prices and supply of basic manufactured goods in supermarkets have remained stable as he kickstarted the agency’s price monitoring and inspection efforts with more vigor this 2023. Pascual went on his first “Ikot Palengke” for the year on...

House Ways and Means Committee Chair Rep. Joey Salceda wants to consider agricultural cartels, hoarding, and profiteering as economic sabotage. Sugar (Pixabay) “I want to give the government the legal basis to raid hoarders and cartels, and to punish them with the full brunt of the law. I...