Former AGHAM Party-list Rep. Angelo Palmones finds the continued pump fuel price hikes in the early part of 2022 very concerning as it shows the vulnerability of Filipino consumers to the volatile international oil market. (MANILA BULLETIN) “Fuel prices are continuously increasing and consumers...
The financial misery of Filipino motorists will continue this week, as prices at petroleum pumps will rise anew due to soaring prices in the world market and the depreciating value of the Philippine peso against the US dollar. Based on cost adjustment advisories sent by the oil companies, the price...
Consumers’ pockets will suffer another major squeeze as big-time pump price hikes are anticipated again next week due to soaring prices in the world market, according to oil companies. Based on the initial calculation, prices will rise by P1.10 to P1.20 per liter for RON92 gasoline products and...
The Department of Finance (DOF) expects inflation to gradually trend downward in the coming months as the government implements programs aimed at mitigating food supply concerns. Finance Undersecretary and Chief Economist, Gil S. Beltran, said the further deceleration of inflation to 3.65 percent...
Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
Just coming from heavy spending during the Christmas holidays, Filipino consumers will have to brace for massive spikes in oil prices next week at the scale of P1.85 to P1.95 per liter for gasoline, and P2.20 to P2.30 per liter for diesel products. Kerosene, which is the other commodity in the...
The Department of Agriculture (DA) has faced delays in paying suppliers and merchants in Ilocos region that participated in the government’s voucher system, which provided fertilizer subsidy to rice farmers. A statement from the DA revealed that as much as P100-million worth of fertilizer...
The rate of increase in consumer prices continued to decelerate for the third straight month in November due to slowdown in food costs, the Philippine Statistics Authority (PSA) reported. The headline inflation rate further eased to 4.2 percent last month from 4.6 percent in October, but still...
A group of farmers welcomed the call of Fertilizer and Pesticide Authority (FPA) to increase the local production of fertilizers amid the rising cost of this farm input. In a statement, Kilusang Magbubukid ng Pilipinas (KMP) said such a call from FPA contradicts the importation stance of the...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5. Data from the Philippine Statistics Authorty showed that prices increased 4.6 percent in October,...
It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
