The Marcos administration is on the verge of declaring a food security emergency as rice prices remain stubbornly high despite government efforts to alleviate the situation. The National Price Coordinating Council (NPCC) approved a resolution on Thursday, Jan. 16, urging the Department of...
Motorists are facing another round of price increases at gas stations. Starting Tuesday, Jan. 13, gasoline and kerosene prices will climb by up to P0.80 per liter, while diesel will increase by up to P0.90 per liter. Shell Pilipinas, CleanFuel, SeaOil, and PetroGazz are among the companies that...
Motorists should brace for another round of fuel price increases as analysts expect the second hike of the new year. Based on the four-day Means of Platts Singapore (MOPS) and foreign exchange averages, gasoline prices could increase by P0.40 to P0.80 per liter, diesel by P0.45 to P0.80 per liter,...
The holidays are over, and consumers face higher prices at the gas pumps this week. Starting Tuesday, Jan. 7, gasoline prices will increase by up to P1.00 per liter, while diesel will climb by up to P1.40. Kerosene will also see a price increase of up to P1.00. Shell Pilipinas, PetroGazz, Seaoil,...
The recent rollback in oil prices may be short-lived, as analysts forecast the first increase of the year. Based on the first four days of trading on the Means of Platts Singapore (MOPS) and the average foreign exchange rate, gasoline prices are anticipated to rise by P0.40 to P0.75 per liter next...
Tycoon Lucio Co is consolidating his retail grocery businesses further with the acquisition by Puregold Price Club Inc. of the Co family’s 153 Puremart stores for P567.5 million. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said it is acquiring all the Puremart stores located...
After a streak of increasing prices over the holidays, fuel prices are expected to ease before the start of the new year. Analysts expect that by next week, gasoline prices could drop by P0.30 to P0.60 per liter, while diesel prices could fall by P0.20 to P0.55 per liter. Kerosene could also see a...
Motorists face another stressful holiday drive as gas and diesel prices are set to rise this week. Effective Tuesday, Dec. 24, the price of diesel will increase by P1.45 per liter, bringing it close to a P2 rise. Gasoline will also increase by P0.50 per liter, and kerosene by P0.75 per liter....
Motorists may need to brace themselves for the holiday season as Christmas week is anticipated to bring another round of oil price hikes. Based on four-day Means of Platts Singapore (MOPS) trading and the average forex rate, analysts expect gasoline prices to increase by P0.35 to P0.80 per liter,...
House Speaker Martin Romualdez (PPAB) Alarmed by the prevailing high price of rice, Speaker Martin Romualdez has told profiteers and price manipulators to clean up their act, or else face the wrath of the House of Representatives. “Sa...
Heavy Christmas traffic isn't the only thing consumers need to worry about this week, as fuel prices are set to increase. Starting Tuesday, Dec. 17, gasoline and diesel prices will rise by P0.80 per liter, while kerosene will see a P0.10 increase per liter. Shell, Seaoil, and CleanFuel are among...
Christmas day is just around the corner, but motorists may have to tighten their belts further as pump prices are expected to rise again next week. Based on estimates, gasoline prices could see their third consecutive weekly increase, with a potential rise of P0.15 to P0.50 per liter. Diesel...
