Profit of leading oil firm Petron Corporation soared to P10.1 billion in 2023 on the back of higher sales of jet fuel and liquefied petroleum gas (LPG). The oil firm said that its consolidated net income from January to December last year grew by 51 percent from P6.7 billion in 2022, while its...
The inflation rate for the first quarter this year is expected to fall within the central bank’s target band due to base effects, analysts from Manulife Investment Management and Trust Corporation (MIM PH) said. This as the Philippine Statistics Authority (PSA) reported the headline inflation in...
Despite the uptick in February, the Department of Finance (DOF) said that the rise in consumer prices remained well within the government's target range. Finance Secretary Ralph G. Recto said the 3.4 percent inflation rate last month fell within the government's desired range of 2.0 percent to 4.0...
The Philippine Statistics Authority (PSA) reported that the country's four-month streak of slowing consumer prices was disrupted by a sharp increase in rice and pork prices, causing the inflation rate to spike to 3.4 percent in February. Last month's headline inflation rate was higher than the 2.8...
Motorists filling up their vehicles with gasoline products will feel some pinch in their pockets this week as the price of this commodity will increase by P0.50 per liter, according to the pricing advisories of the oil companies. Conversely, diesel products will incur a moderate rollback of P0.40...
The prices of agricultural commodities, notably rice, saw increases again during the last days of February, the Philippine Statistics Authority (PSA) reported. Based on the PSA price situationer, a kilogram of regular milled rice increased to P50.63 during February 15 to 17 from P50.34 during the...
Cooking fuel will come heavier on the budgets of households this week as the price of liquefied petroleum gas (LPG) will go up by P0.27 to P0.30 per kilogram (kg) for the month of March, as announced by the industry players. Leading player Petron Corporation, in particular, implemented LPG price...
Pricing seesaw at the pumps will come lighter on the pockets of consumers this week as the price of diesel products will be on P0.95 per liter rollback; while gasoline prices will be trimmed by P0.70 per liter, based on the pricing advisories of the oil companies. Additionally, the price of...
High prices of rice in the Philippines is inevitable, President Marcos said. Marcos stated this, responding to a question of a letter sender if “BBM” stands for "Bigas Biglang Mahal.” The President explained that it is unavoidable to see a rise in the prices of rice in the country,...
Prices of some foods, particularly imported, are starting to increase again in February after posting declines last month as local products become the cheapest option, government data showed. The common staple well-milled rice was pegged at P56.21 per kilogram, coming from the prices of P55.42 and...
Consumers’ pockets will have some breathing space next week as oil prices are anticipated to be on substantial rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.70 to P1.10 per...
It will be financially burdensome for consumers again at the petroleum pumps this week, as the price of gasoline products will substantially rise by P1.60 per liter; while diesel will be up by P1.10 per liter, according to the pricing advisories sent by the oil companies. Additionally, the price of...
