Price hikes at the domestic pumps next week ended up slightly leaner after Friday (February 16) trading, due to softening of prices in the world market, according to the industry players. At end-week, the final calculation for price hike in gasoline products was still substantial at P1.20 to P1.60...
Huge cash will be burned at the pumps next week, as oil products are anticipated to be on hefty price hikes again by Tuesday (February 20), according to the estimates of the oil companies. On the calculation of the industry players, gasoline prices will rise by P1.40 to P1.90 per liter, while...
Consumers are keenly looking forward to price rollback at the pumps this week, but the final cost reduction ended up at a disappointing endpoint with just P0.10 per liter price cut for diesel products; and P0.60 per liter for gasoline products. For kerosene, the price cut was well along expectation...
After more than a month of relentless price hikes at the pumps, consumers can look forward to a financial breather next week as petroleum product prices will be on rollback, according to the industry players. Based on the initial 4-day calculation of the oil firms, the reduction for gasoline will...
Despite the persistent El Niño in the early part of the year, the Department of Agriculture (DA) has assured stable rice prices through June. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Thursday, Feb. 8, that the nation's rice supply for the first half of the year is secure,...
With rice prices soaring, the head of President Marcos' economic team said that their main focus is to lower inflation and protect the purchasing power of the Filipino people. Finance Secretary Ralph G. Recto said he was “encouraged by the further drop in the Philippines’ headline inflation to...
Consumers are urged to prepare for a surge in rice prices as the government warned that recent cost increases for the nation's staple food are expected to persist, posing a threat to the country's most vulnerable households. In a briefing, Philippine Statistics Authority (PSA) Undersecretary Claire...
The country's inflation rate in January this year marked its slowest growth in over three years, registering at 2.8 percent, the Philippine Statistics Authority (PSA) said. This means that the inflation rate, or the increase in prices of goods and services, moved at a slower pace during the period...
New round of financial torment will have to be endured by consumers this week as the price of diesel products will rise by a hefty P1.50 per liter; while gasoline prices will go up by P0.75 per liter, according to the pricing advisories of the oil companies. For kerosene products, which is a very...
There had been downtrend in overall electricity tariffs for traded capacities in the Wholesale Electricity Spot Market (WESM), and that had been attributed partly by the Energy Regulatory Commission (ERC) to the entry of new capacities from the renewable energy (RE) sector. “It appears that the...
Another round of hefty price hikes will deepen hole in the consumers’ pockets next week, with diesel rising by more than P1.00 per liter, based on the initial estimates of the oil companies. According to the industry players, the price increase for diesel products may range from P1.45 to P1.95...
Consumers are in no luck this week as they will need to bear the brunt of massive oil price hikes at the domestic pumps - with gasoline prices rising by hefty P2.80 per liter, based on the pricing advisories of the oil companies. For diesel products, the oil companies announced that the price...
