What 's the use of the prevailing Price Act if it doesn 't cover fuel products? The Makabayan bloc sought to correct this on Wednesday, March 25 by filing House Bill (HB) No. 8765, which would amend the 34-year-old law and include gasoline and diesel as prime commodities. "HB No.8765 will...
The Coalition of Filipino Commuters (PasaHero), a commuter group, said on Wednesday, March 25, that the suspension of the planned fare hike helped ease the burden on the riding public. They said it prevents further strain on daily transportation expenses amid the continuing rise in fuel costs...
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...
To cushion Filipinos from surging pump prices and fuel shortages caused by ongoing Middle East tensions, the Department of Budget and Management (DBM) approved the release of ₱20 billion to the Department of Energy (DOE). “The move comes amid escalating geopolitical tensions in the Middle East...
President Marcos said there is a possibility of grounding flights due to the lack of jet fuel amid the ongoing impacts of the conflict in the Middle East. Although Marcos hopes that it will not happen, it would be a possibility, he said in an interview with Bloomberg. "We are hoping not, but that...
House "Young Guns" bloc member Davao Oriental 2nd district Rep. Cheeno Miguel Almario is asking authorities to look into the possibility of temporarily reducing the operating hours of malls as an energy-saving measure. Almario filed last March 17 House Resolution (HR) No. 893, which urged the...
President Marcos said ferry and bus operators have committed not to increase fares this Holy Week despite rising fuel prices. In an interview with Bloomberg aired on Tuesday, March 24, the President said the commitment is part of the government’s efforts to ease the burden on commuters and the...
Cheap transport has become the name of the game for Filipinos as a result of the runaway prices of fuel. In this regard, Parañaque City 2nd district Rep. Brian Raymund Yamsuan highlighted the need to pass a measure that would institutionalize active transport by establishing a network...
DAVAO CITY – The Davao City Council on Tuesday, March 24, sought tighter coordination with national government agencies and demanded greater transparency on fuel supply and pricing. Councilor Diosdado Mahipus Jr., chairperson of the Committee on Socialized Housing Projects and Oversight, said the...
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...
Just recently, the Department of Energy (DOE) has authorized the importation of Euro-2-rated petroleum products as a continency measure to ensure the Philippines’ has a continuous fuel supply amid the growing fears of shortages caused by the middle east conflict. Before this, the DOE had enforced...
A total of 2,629 Transport Network Vehicle Service (TNVS) drivers in Manila have received their much-awaited fuel subsidy from the national government on Tuesday, March 24, providing them much-needed reprieve from the soaring cost of fuel prices amid the Middle East war that has pushed oil prices...
