President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
Around P3.3 million worth of fuel subsidy will be directly downloaded to 28 groups of drivers and operators of public utility vehicles (PUVs) in Mimaropa region as part of the intervention measures amid complaints of slow distribution of cash assistance. Vigor D. Mendoza II, chairman of the Land...
Motorists are set for the largest relief at the pump this year as breakthrough in Middle Eastern peace talks and the reopening of the Strait of Hormuz, a vital shipping lane, send global oil prices tumbling. Local diesel prices are projected to plunge by as much as ₱26.50 per liter, while...
Oil prices are on track for a significant retreat next week as fragile geopolitical detente in the Middle East erodes the war risk premiums that have kept global benchmarks elevated. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the industry’s regional pricing...
State-run Social Security System (SSS) is earmarking roughly ₱60 billion in financial assistance and benefit support, accelerating the scheduled pension hike and loosening loan requirements to shield members from an energy-crisis-induced spike in living costs. Robert Joseph M. de Claro, SSS...
Fuel prices are poised for another significant retreat next week as cooling tensions in the Middle East drive global benchmarks lower, offering a second consecutive wave of relief to local motorists and transport operators. Based on the first three days of trading for the Mean of Platts Singapore,...
Iran is approximately 7,000 kilometers away from the Philippines. But an ongoing war in that part of the world rattles ours almost immediately. This conflict in West Asia (or the Middle East to the Western world) has disrupted crude oil shipments to the Philippines, a country that imports about 98...
The Land Transportation Franchising and Regulatory Board (LTFRB) is planning to set up help desks in as many participating gas stations as the government’s P10 per liter subsidy started on Tuesday, April 14. And when that happens, the Philippine National Police (PNP) also wants to make its...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), ordered police commanders in Metro Manila and other areas to remain on alert and visible for the remaining two days of the transport strike as he commanded them for a peaceful and orderly first day of the protest....
The Marcos administration is moving to shore up the country’s depleted cooking fuel reserves as geopolitical volatility threatens energy security, with the government securing its first major import of liquefied petroleum gas (LPG) in months. The Department of Energy (DOE) authorized the purchase...
A number of transport groups have declared their intention not to join the three-day transport strike and the Philippine National Police (PNP) wants to ensure that they will not be threatened and harassed. At the start of the transport strike on Wednesday, April 15, PNP chief Gen. Jose Melencio C....
Warm meals and on-the-ground assistance reached drivers and commuters in Tondo, Manila, as the city government continued its “Hot Meals on Wheels” program on April 14 and 15, coinciding with the start of a three-day transport strike on April 15. On its first day on Tuesday, April 14, the...
