Senator Loren Legarda called for the immediate suspension of fuel excise tax and value-added tax (VAT) on diesel and gasoline, even as she criticized the slow government response to elevated fuel prices. This follows the April 13, press conference of President Marcos, where he announced the...
Why were gasoline and diesel not part of the excise tax suspension on petroleum products on Monday, April 13? President Marcos said these will be discussed during a meeting with the UPLIFT Committee on Tuesday. "That 's to be discussed tomorrow," he said when asked in a press briefing,...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
BACOLOD CITY – A couple from this highly-urbanized city extended help on Saturday, April 11, by providing free fuel in a gasoline station to 500 motorcycle and tricycle drivers struggling from consecutive fuel price increases. Sanny and Shiela Bico said that this is their way of expressing...
Motorists may finally see the start of fuel price easing, albeit slow, as final trading days point to the first double-digit rollback of the year. Based on a full week of trading on the Mean of Platts Singapore (MOPS), diesel prices are expected to drop by approximately ₱8.80 to ₱10.80 per...
The transport sector, along with motorists, is finally seeing the start of possible fuel price easing after weeks of steep hikes. Based on the four-day trading average Mean of Platts Singapore (MOPS), diesel could go down by ₱5.50 to ₱6.50 per liter, while gasoline is estimated to hold steady...
The global oil market is finally reacting to the two-week ceasefire, as prices for diesel and gasoline may ease next week. Based on the first three-day average Mean of Platts Singapore (MOPS), diesel prices could finally ease by around ₱2.50 to ₱3.50 per liter, potentially bringing pump prices...
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise. Energy Secretary Sharon Garin emphasized during a media briefing on...
Senator Imee Marcos has filed a measure mandating the unbundling and disclosure of petroleum prices to encourage fair and efficient pricing amid the continuous oil price hike. Marcos, chairperson of the Senate Committee on Social Justice, Welfare and Rural Development, filed Senate Bill No. 2007 or...
Fuel price pain continues after the Holy Week, with diesel nearing a ₱20-per-liter increase and gasoline resuming its upward adjustment despite remaining unchanged last week. Effective Tuesday, April 7, Shell Pilipinas announced that diesel prices will rise by ₱19.80 per liter, gasoline by...
Motorists may face sharp spike in fuel costs as international supply anxieties push domestic pump prices toward record highs, prompting the government to issue emergency anti-hoarding directives to protect the local market. Based on the first two-day estimates in the Mean of Platts Singapore...
After 11 weeks of price spikes, gasoline will see no adjustment in its current prices, while diesel and kerosene will remain elevated moving into April. Effective Tuesday, March 31, diesel will rise by ₱12.50 per liter, while kerosene will increase by ₱2 per liter. Seaoil, Shell Pilipinas, and...
