Motorists will need to brace themselves again for another hit at the fuel pump. Effective Tuesday, Feb. 18, gasoline and diesel prices will go up by ₱0.80 per liter, while kerosene's will increase by ₱0.10 a liter. Shell Pilipinas, Clean Fuel, Seaoil, and Caltex are among the oil companies that...
It may be another round of fuel price pain as analysts predict increases by next week. Based on the first four days Mean of Platts Singapore (MOPS) and foreign exchange averages, gasoline prices could rise by ₱0.45 to ₱0.85 per liter, while diesel could jump by ₱0.30 to ₱0.75 a liter....
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has underscored the need to keep farmers happy with their earnings amid the National Food Authority's (NFA) plan to sell rice price at P35 per kilo. “Ensuring...
The Department of Agriculture (DA) is set to reduce rice prices under the Rice-for-All (RFA) program, available at Kadiwa ng Pangulo (KNP) stores, effective on Wednesday, Feb. 12. Agriculture Secretary Francisco Tiu Laurel Jr. said on Tuesday that the RFA prices will be lowered by as much as ₱3...
The Department of Agriculture (DA) is still studying the potential of implementing a maximum suggested retail price (MSRP) on pork as the agency investigates the possibility of profiteering. Agriculture Secretary Francisco Tiu Laurel said the MSRP will be imposed once profiteering has been...
Oil prices will have a rollback this week, giving motorists a little more love and a little less money to spend at the pump. Effective Tuesday, Feb. 11, gasoline and diesel prices will have a P0.10 discount, while kerosene will reduce prices by P0.30. Shell Pilipinas, Seaoil, CleanFuel, Caltex, and...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU). In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower...
Motorists may get a slight reprieve next week as oil prices are expected to continue their downward trend. Based on four days of trading on the Means of Platts Singapore (MOPS) and international oil markets, analysts predict gasoline prices may remain stable or decrease by ₱0.05 to ₱0.30 per...
The Department of Agriculture (DA) said the decline in the inflation rate of rice in January is attributed to government interventions to stabilize prices, particularly the tariff cut on the staple food last year. According to the Philippine Statistics Authority (PSA), rice posted a year-on-year...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
The National Food Authority (NFA) announced on Tuesday, Feb. 4, that the rice buffer stocks it will disburse as part of the declaration of a food security emergency on rice could be purchased by consumers at ₱35 per kilo as early as this week. The Department of Agriculture (DA) declared the...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice from ₱58 to ₱55, effective on Wednesday, Feb. 5. The price reduction is part of the DA’s ongoing efforts to stabilize rice prices and alleviate inflationary pressures on basic...
