Motorists filling up their vehicles with diesel products will have to brace for a bigger squeeze in their pockets this week, as the price of this commodity will rise by P0.90 per liter, according to the pricing adjustment advisories of the oil companies. For gasoline products, the increase will be...
Consumers will brace for new round of financial pain in their pockets next week as prices at petroleum pumps will be on uptrend, according to the industry players. Based on the calculation of the oil companies, the price of diesel will rise by P0.70 per liter to P1.20 per liter; while gasoline...
The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
Instead of the anticipated rollback on prices of some petroleum commodities this week, the oil companies have implemented slight increase in prices at the pumps due to higher freight cost and market premium, according to the industry players. With the added factors cited, the oil firms have...
The Department of Agriculture (DA) played down concerns about the potential for well-milled rice prices to reach P60 per kilo, despite the double-digit increase in the inflation rate for the staple food last December. In an interview over DZBB on Saturday, Jan. 6, Agriculture Assistant Secretary...
Consumers can hope for ‘no changes’ at domestic pump prices next week, or there could only be very marginal price adjustments, according to the calculation of the oil companies. As estimated by the industry players, the price of gasoline will either be unchanged or there will be slight rollback...
The country saw its lowest inflation rate of the year in December, but unfortunately, low-income Filipino families did not reap the benefits of this downturn, data from the Philippine Statistics Authority (PSA) showed. The PSA's data revealed that the inflation rate for the poorest 30 percent of...
The cost of rice shot up by 19.6 percent in December last year, marking its highest increase in over 14 years, the Philippine Statistics Authority (PSA) reported. This reading, according to the statistics agency, was also the highest in 2023 since rice inflation peaked in September due to the...
The rate of increase in consumer prices continued to slow in December, while the country's annual inflation climbed to its highest level in 15 years, data from the Philippine Statistics Authority (PSA) showed. Last month's consumer price growth showed sustained signs of easing, with headline...
The drive at the start of the year will bring slight cheers to motorists as the price of diesel products will be on a moderate rollback of P0.35 per liter; while gasoline prices will have a marginal reduction of P0.10 per liter, according to the price adjustment advisories of the oil companies. In...
Filipino consumers will have slight consolation on their pockets at the start of new year 2024, as the prices of kerosene and diesel products are anticipated to be on rollback next week, based on the calculation of the industry players. According to the oil firms, kerosene prices will have...
President Marcos' chief economic manager assured Filipinos that they can depend on the government to mobilize efforts in addressing the expected rise in consumer prices, as inflationary pressures are projected to continue until next year. Finance Secretary Benjamin E. Diokno said that their top...
