A principal author of the law that imposed excise taxes on fuel is now seeking the reduction of the much-criticized imposition but with an effectivity of just six months - from December 1, 2021 to June 1, 2022. Albay Rep. Joey Sarte Salceda Albay Rep. Joey Sarte-Salceda, chairman of the House...
The rollback in prices of kerosene and diesel prices hardly made a dent in relieving Filipinos from the economic woes that the COVID-19 pandemic and the unabated in rise of fuel cost have caused. Magsasaka Partylist Rep. Argel Joseph Cabatbat Magsasaka Partylist Rep. Argel Joseph Cabatbat said that...
The Department of Agriculture (DA) is coming up with ways on how to help rice farmers cope with the rising cost of fertilizer in the Philippines – one of which is to possibly encourage farmers’ cooperatives to import fertilizers directly. In a briefing, Agriculture Underscretary Leocadio...
Senatorial aspirant and human rights lawyer Jose Manuel 'Chel' Diokno on Monday, October 25, called on the government to impose a price ceiling on the prices of goods amid the increase of fuel prices for the ninth straight week. Human rights lawyer Chel Diokno (MANILA BULLETIN FILE PHOTO) Diokno,...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
Malacañang is looking at both the possibility of suspending the excise tax on fuel and giving fuel subsidies to the public transport sector amid the soaring prices of petroleum. (Manny Llanes/ MANILA BULLETIN) Thus said Presidential Spokesperson Harry Roque in a virtual press conference Monday,...
As global oil prices considerably settled at $85 per barrel, higher oil prices will reign again at Philippine petroleum pumps in this coming week. As calculated by the oil companies, the price of regular gasoline will be increased by P1.05 to P1.15 per liter; while the higher grade gasoline...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
Malacañang will find a way to assist the beleaguered public utility vehicle (PUV) drivers amid the skyrocketing prices of pump fuel. (File photo/ MANILA BULLETIN) Presidential Spokesperson Harry Roque made this assurance in a virtual press conference Tuesday, Oct. 19, or a day after a "big time"...
The delayed implementation of the reduced tariff on pork importation and higher import cap is slowing down the pace of food price reduction, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said the nearly three-month delayed application of Executive Order No. 128...
Local farmers will continue to suffer from low palay prices due to typhoons and continuous entry of cheaper, imported rice.
“Palay prices are expected to remain low in the coming weeks with the cumulative effects of typhoons and importation even during the harvest season,
As oil prices continue to rise, the political opposition called on government to buy back Petron as part of the effort to control the runaway prices. Gasoline pump picture House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate and Makabayan senatorial bet and Bayan Muna chairman...
