Following the declaration of a national state of calamity by President Marcos, the Department of Health (DOH) reminded the public and all pharmacies nationwide that a “price freeze” on essential medicines is now in effect. On Thursday, Nov. 6, President Marcos approved the recommendation of...
Motorists are bracing for yet another increase in fuel costs this week as global supply constraints and sustained demand push local pump prices higher for the fifth consecutive week for gasoline. Fuel retailers on Monday, Nov. 3, announced price adjustments, with gasoline rising by ₱1.7 per...
Oil prices are expected to rise again by the first week of November as growing seasonal demand meets tightened global supply due to ongoing sanctions. Based on the four-day trading average of Mean of Platts Singapore (MOPS), gasoline could climb at around ₱1.2 to ₱1.7 per liter, while diesel...
Security Bank Corp. has successfully raised ₱21 billion from the issuance of fixed-rate peso corporate bonds due 2030—more than four times its target size and the bank’s largest bond issuance to date. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds carry a...
Motorists will be hit with a big-time fuel price hike this week on the back of mounting global supply concerns driven by new sanctions on Russian oil giants and the prospect of increased worldwide demand. Effective Tuesday, Oct. 28, gasoline will increase by ₱1.20 per liter, while diesel will...
After a short break from rising costs, motorists should get ready for another jump in oil prices next week, as new global problems and sanctions on Russian oil push up the cost of crude. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel could get an increase of around...
For the first time in eight weeks, the price of diesel will roll back this week, a reprieve to motorists after two months of continuous increases. Effective Tuesday, Oct. 21, diesel will see a ₱0.70 per liter rollback, while kerosene is set to go down by ₱0.60 per liter. This marks the first...
Motorists have faced weekly price hikes at the gas pumps, but next week may finally bring some long-awaited relief. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel prices could see their first rollback in two months, ranging from ₱0.60 to ₱1.10 per liter....
DAVAO CITY – The Department of Trade and Industry has issued a 60-day price freeze on basic necessities in the province of Davao Oriental following the declaration of state of calamity due to the doublet earthquake. Covered by the order from Oct. 13 to Dec. 12 are rice, corn, fresh meat, fish,...
Motorists may face a seesaw of fuel prices next week, with gasoline expected to roll back further while diesel is projected to increase. Based on the four-day Mean of Platts Singapore (MOPS), gasoline prices are expected to decrease by ₱0.5 to ₱0.10 per liter. Meanwhile, diesel is projected to...
Global tensions and tightening supply in Europe and the United States (US) continue to ripple through the local market, driving up the cost of diesel and kerosene for another week. Effective Tuesday, Sept. 30, gasoline will decline by ₱0.20 per liter, while diesel and kerosene are both increasing...
After a five-week streak of fuel price increases, gasoline prices are expected to drop in the final week of September. Based on the four-day Mean of Platts Singapore (MOPS), gasoline is expected to rollback around ₱0.50 to ₱0.80 per liter. However, diesel is expected to continue its increase by...
