Senator Francis “Chiz” Escudero on Tuesday, March 3, urged the Department of Energy (DOE) to put in place a mechanism that would help cushion the possible impact of the Middle East tension on the prices of petroleum products in the country. Escudero pointed this out as the escalating tension in...
While President Marcos gave an assurance that the Philippines has ample supply of oil amid the Middle East conflict, he bared plans to ask the Congress to grant him an authority to reduce excise tax on petroleum products should prices exceed $80 per barrel. Marcos made the statement in a press...
Senator Joseph Victor “JV” Ejercito on Monday, March 2 called on lawmakers to expedite the passage of the bill mandating the automatic suspension of excise taxes on petroleum products. Ejercito made the call in light of the ongoing conflicts in the Middle East involving the United States,...
Senators urged the government on Sunday, March 1, to help keep oil prices in check following the United States and Israel’s attack on Iran. Senator Francis “Kiko” Pangilinan said the government should exhaust all efforts at keeping oil prices at bay as geo-political tensions in the Middle...
DUMAGUETE CITY – The Department of Trade and Industry (DTI) in Negros Oriental province is conducting weekly price monitoring of commodities during the holiday season, amid a price freeze that excludes Noche Buena items, an official said on Tuesday. Krystle Jade Bato, DTI-Negros Oriental...
The Department of Public Works and Highways (DPWH) has asked the Senate to reconsider 2026 budget reductions, citing the need to apply updated construction cost data to ensure accurate project costing and proper execution. DPWH said the request focuses on securing authority to implement...
The Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DEPDEV) approved higher price ceilings for socialized housing projects to enable larger and higher-quality homes nationwide. DHSUD Secretary Jose Ramon Aliling described the...
The Malabon Central Market was inspected by the Department of Agriculture (DA) on Monday, Nov. 24, to verify that vendors were complying with the city 's price freeze currently in effect. DA Assistant Secretary Atty led the inspection. Genevieve Velicaria-Guevarra, together with Assistant...
Diesel and kerosene prices are set for another increase next week, while gasoline is expected to remain steady or see a slight rollback, based on four-day trading averages. Diesel costs could rise by ₱0.80 to ₱1 per liter, while kerosene may see a sharper increase of about ₱1.35$per liter,...
Oil prices are set to rise next week, driven by stronger global demand, seasonal maintenance at downstream facilities, and the recent conclusion of the United States (US) government shutdown. Based on the four-day Mean of Platts Singapore (MOPS) average, gasoline prices are projected to increase by...
Cosco Capital Inc., tycoon Lucio L. Co’s retail holding firm, posted a 6.6-percent improvement in consolidated net income to ₱10.7 billion for the first nine months of 2025, up from ₱10 billion in the same period last year, as all its businesses grew with the economy. In a disclosure to the...
Tycoon Lucio Co’s grocery retail leader Puregold Price Club Inc. (PGOLD) posted a 5.6-percent improvement in consolidated net income to ₱7.3 billion in the first nine months of 2025 from ₱6.91 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
