President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
Around P3.3 million worth of fuel subsidy will be directly downloaded to 28 groups of drivers and operators of public utility vehicles (PUVs) in Mimaropa region as part of the intervention measures amid complaints of slow distribution of cash assistance. Vigor D. Mendoza II, chairman of the Land...
The House Legislative Energy Action and Development (LEAD) Council has covered a lot of ground in terms of coming up with a wide range of legislative responses to this era of elevated fuel prices. To their credit, members of the House of Representatives actively participated in the three hearings...
Transport group Manilbela ended its three-day strike with a march to Mendiola, Manila, on Friday, April 17, renewing calls for the suspension of fuel taxes and a rollback in oil prices to ease the burden on drivers and commuters. Hundreds of jeepney drivers and operators gathered at Welcome...
While the oil-induced inflation spike in the Philippines is raising concerns, think tank Capital Economics expects the Bangko Sentral ng Pilipinas (BSP) to keep key interest rates steady for the rest of the year. In an April 15 report, Capital Economics chief emerging markets (EMs) economist...
Iran is approximately 7,000 kilometers away from the Philippines. But an ongoing war in that part of the world rattles ours almost immediately. This conflict in West Asia (or the Middle East to the Western world) has disrupted crude oil shipments to the Philippines, a country that imports about 98...
The Land Transportation Franchising and Regulatory Board (LTFRB) is planning to set up help desks in as many participating gas stations as the government’s P10 per liter subsidy started on Tuesday, April 14. And when that happens, the Philippine National Police (PNP) also wants to make its...
Caloocan City 2nd district Rep. Edgar "Egay" Erice has filed a measure that would limit prices of diesel to a maximum of ₱70 per liter, as part of possible legislative responses to elevated pump fuel prices in the country. Dubbed as the proposed Diesel Cap Act, the measure was patterned after...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), ordered police commanders in Metro Manila and other areas to remain on alert and visible for the remaining two days of the transport strike as he commanded them for a peaceful and orderly first day of the protest....
Vice President Sara Duterte on Wednesday, April 15, criticized the administration’s handling of the ongoing price crisis in the Philippines, linking it to rising inflation and alleging that the lack of relief for Filipinos stems not from limited resources but from the misuse of public funds for...
A number of transport groups have declared their intention not to join the three-day transport strike and the Philippine National Police (PNP) wants to ensure that they will not be threatened and harassed. At the start of the transport strike on Wednesday, April 15, PNP chief Gen. Jose Melencio C....
After months of relentless fuel price hikes, the recent rollbacks, most notably the more than ₱20-per-liter cut in diesel, offer a much-needed breather for Filipino motorists. The accompanying reductions in gasoline and kerosene prices, along with the government’s move to slash excise taxes on...
