With the easing of quarantine protocols this week, Filipino motorists can benefit from the marginal rollback in pump prices implemented by the oil companies at the scale of P0.25 per liter for gasoline, and P0.10 per liter for kerosene products....
The Philippine government will no longer extend the price ceiling on pork and chicken in Metro Manila, but will impose a price cap or suggested retail price (SRP) on imported pork only starting Friday, April 9. Agriculture Secretary William Dar announced during Wednesday, April 7 virtual briefing,...
The validity of Executive Order (EO) 124, which imposed a price ceiling on pork and chicken in Metro Manila, will end this week, and the government and private sector have two completely different sentiments about its effectiveness. For one, Noel Reyes, the spokesperson of the Department of...
Gasoline prices at petroleum pumps will increase by P0.65 per liter this week; while diesel and kerosene prices will marginally go up by P0.05 per liter, based on the pricing notices sent by the oil companies. But for industry player Cleanfuel, the upward adjustment it implemented this week was...
Filipino households can enjoy budget cuts in their cooking fuel this April as the price of liquefied petroleum gas (LPG) has been cut by P3.30 per kilogram (kg), inclusive of value added tax (VAT), or an aggregate P36.30 reduction for the standard 11-kilogram cylinder....
The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
Puregold Price Club, Inc. (PGOLD) reported an 18.9 percent hike in unaudited consolidated net income to P8.05 billion last year from the P6.77 billion earned in 2019 as consumers stocked up on essentials during the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said its...
As consumers complain of dizzying hikes in oil prices, or at times, unsatisfied at the amount of rollbacks in recent weeks, the oil companies are consequentially suspect of profit-taking. The deregulation of the downstream oil industry is already traversing roughly 23 years -- yet the fires of...
It will be another week that will be heavy on consumers’ pockets as the prices of gasoline products will go up by P1.20 per liter; and diesel by P0.95 per liter, based on the pricing adjustment notices sent by the oil companies. Kerosene, which is the other significant fuel commodity for both...
Pump prices are calculated to be on another round of heavier increases next week, with some fuel products rising by as much as P1.25 to P1.30 per liter. Based on the estimates of the oil companies, gasoline prices will have the heftiest price hike next week in the range of P1.25 to P1.30 per liter;...
Big-time fuel price hikes of as much as P1.30 per liter are expected next week following further rally in the world market prices. Based on the initial calculation of the oil companies, the biggest price hikes will be felt on diesel products at the range of P1.25 to P1.30 per liter; while kerosene...
The Department of Trade and Industry (DTI) has a standing recommendation to impose price caps on pork not just on the retail price side, but across the value chain to ensure traders, hog raisers and other middle men are not engaged in profiteering activities. DTI Secretary Ramon M. Lopez stressed...
