A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
Renewed friction in the Middle East is set to hit transport networks next week with the projected spike in diesel prices, even as localized inventory buffers hand gasoline users the second straight weekly rollback. Based on the four-day average of the Mean of Platts Singapore (MOPS), the regional...
Factory-gate price growth slowed slightly in April from a three-year high reached the previous month, although manufacturing costs remained elevated amid lingering energy-related pressures stemming from the prolonged war in the Middle East. The Philippine Statistics Authority (PSA) reported on...
Motorists will need to brace for another round of over-a-peso fuel price hikes this week following the recent uptick in demand and the gradual easing of geopolitical tensions. According to the Department of Energy (DOE), gasoline will have a maximum price increase of up to ₱1.60 per liter, diesel...
Oil prices are projected to rise at a much slower pace next week than previously feared, tracking a late-week cooling in Asian refined product markets and the slight easing of geopolitical anxieties in the Middle East. Diesel retail prices are expected to increase by ₱0.40 to ₱0.60 per liter,...
Motorists face another round of fuel price increases next week, driven by persistent global supply disruptions and accelerating summer demand from the United States (US). Based on the first four days of trading under the Mean of Platts Singapore benchmark, retail diesel prices are projected to rise...
The Department of Trade and Industry (DTI) is optimistic that it will secure commitments from major manufacturers to hold off on price adjustments for the coming month, even as some companies are already pushing for hikes amid rising logistics costs. The DTI earlier reached a deal with makers of...
Motorists will need to ease up on the gas pedal as gasoline and diesel prices are expected to increase this week amid renewed geopolitical tensions. The Department of Energy (DOE) reported that gasoline prices will increase by ₱1.21 per liter, while diesel will go up by ₱2.82 per liter....
Puregold Price Club Inc. is leveraging its procurement scale to mobilize a coalition of more than 150 commercial brands, aiming to stabilize the supply chains of neighborhood retailers currently squeezed by persistent inflation. Puregold, the grocery giant led by Vincent Co., said the initiative...
President Marcos has ordered the imposition of a temporary mandated price ceiling on imported rice to address what the government described as unjustified price increases and market abuse. Under Executive Order (EO) No. 118, imported rice with five percent broken content will be subject to a...
Help is on the way. House Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos gave this assurance to Filipinos after the Ad Hoc Committee on Legislative Energy Action and Development (LEAD) approve on Tuesday, May 12 the consolidated KALINGA Bill. House Speaker Isabela 6th district Rep....
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
