Having ample fuel inventory is one thing, but paying for it is another. While energy officials tout procurement that stretches into May, the reality at the gas pump remains grim as another round of price hikes is expected next week. Based on the two-day trading average at Mean of Platts Singapore...
The House of Representatives has finally transmitted to the Senate House Bill (HB) No. 8418, which authorizes the President to temporarily suspend or reduce fuel excise tax as a way to help cushion the impact of global oil price spikes on Filipinos. Signed on Tuesday, March 24 by Speaker Faustino...
Tensions in the Middle East are starting to affect global oil supply again, and the impact is already being felt across Asian fuel markets. For the Philippines, which relies heavily on imported fuel, that usually shows up at the pump. Prices move, and more often than not, they move up before they...
Manila Mayor Francisco "Isko Moreno" Domagoso announced on Thursday, March 19, the release of P1,094,082,181.12 to all 896 barangays in the city. The fund aims to support residents as global oil prices surge to unprecedented levels due to the ongoing conflict in the Middle East. Domagoso made the...
Student leaders and education workers on Monday, March 16, urged the government to ensure that measures addressing the country’s rising fuel prices do not undermine access to quality education, as transport costs continue to burden students, teachers, and school personnel. In a statement released...
The Department of Energy (DOE) said the government was able to conserve more than P300 million in electricity and P25 million in fuel expenses last year due to a policy that limits fuel and energy consumption in agencies. The implementation of the Government Energy Management Program (GEMP)...
The House Committee on Energy approved a substitute bill “subject to form and style” to amend the 1998 Downstream Oil Industry Deregulation Act or the Oil Deregulation Law. 71888 House Bill (HB) 10505, authored by Pampanga 2nd district Rep. Juan Miguel ”Mikey” Arroyo to amend the Oil...
The Makabayan Coalition has underscored their call to stop the act of red-tagging, and to start implementing tax cuts to counter the fuel crisis during a press conference on Monday, March 14. Makabayan Bloc logo (Photo from Wikipedia) They alleged that the administration had taken more interest in...
House Ways and Means Committee Chairman Rep. Joey Sarte Salceda says that increasing minimum wage is the right thing to do amid price hikes, particularly that of fuel. House Ways and Means Chair and Albay 2nd district Rep. Joey Salceda (File photo/ MANILA BULLETIN) This, as the Albay 2nd district...
AAMBIS-OWA Party-list Rep. Sharon Garin says that there is an urgent need for a special session in Congress to address the local fuel situation, reiterating the call made by her numerous House of Representatives colleagues. House Committee on Economic Affairs chair and AAMBIS-OWA Party-list Rep....
Following the massive spike in oil prices on Tuesday, March 8, Senate bet Harry Roque listed some short term, medium term, and long term measures that the government can follow to help mitigate the price surge's effects on consumers. Senate bet Harry Roque (FILE PHOTO) On March 8 , gasoline prices...
The government’s fuel subsidy program is the best solution to the problem caused by successive fuel price hikes. House Speaker Lord Allan Velasco had this to say Monday, March 7, the same day that the chamber's Fuel Crisis Ad Hoc Committee convened for the first time in order to discuss relief...
