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...
Philippine Airlines (PAL) said it has shored up its jet fuel reserves for the “foreseeable future,” seeking to calm markets after President Marcos warned that the regional energy crisis could potentially ground the country’s carriers. In a statement on Wednesday, March 25, the flag carrier,...
Senate President Pro Tempore Panfilo “Ping” Lacson is pushing for a shorter time for the President before suspending—or restoring—the excise tax on fuel upon the recommendation of the Development Budget Coordination Committee (DBCC). Lacson suggested this on Tuesday, March 24 saying it is...
The Department of Social Welfare and Development (DSWD) on Tuesday, March 24 reassured public utility vehicle (PUV) drivers that its cash relief assistance (CRA) program has enough funds to continue, amid false reports that the agency had run out of money. “There is no truth to the claim that...
Senator Francis “Chiz” Escudero said on Tuesday, March 24 the Philippines can take advantage of its hosting of the Association of Southeast Asian Nations (ASEAN) Summit to secure regional solidarity in light of the global uncertainty over energy supply due to the Middle East conflict. Escudero...
Malacañang said President Marcos is carefully balancing the rollout of government assistance, transport fare policies, and inflation concerns as the country grapples with rising fuel prices. Presidential Communications Office (PCO) Undersecretary Claire Castro said the President is weighing the...
Malacañang said the government is not downplaying the situation amid rising oil prices, as it announced the formation of a crisis committee even as it maintained that there is no oil crisis in the country so far. Presidential Communications Office (PCO) Undersecretary Claire Castro said this amid...
Amid escalating geopolitical tensions in the Middle East triggering a global oil crisis, the Department of Science and Technology (DOST), through the Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) and Palawan State University (PalSU), will...
The Senate has formed an ad-hoc committee that will be tasked to establish a comprehensive contingency plan to address the current oil crisis and prevent stagflation of the economy. Senate Majority Leader Juan Miguel “Migz” Zubiri expresses his full support for Senate Resolution No. 350, which...
Around 14,000 transport drivers in Manila are set to receive a P5,000 fuel subsidy, as part of the national government’s assistance program for sectors affected by the ongoing global oil crisis. Manila Mayor Francisco "Isko Moreno" Domagoso said the beneficiaries in the city include about 13,000...
Senators are now seeking to grant the President authority to suspend or reduce taxes on petroleum products during times of global oil supply disruptions due to external shocks. Sen. Francis “Chiz” Escudero and Sen. Francis “Kiko” Pangilinan each filed separate bill empowering a sitting...
DAVAO CITY – Cotabato Gov. Emmylou Taliño-Mendoza has reminded her constituents to tighten their belts and implement measures to mitigate the looming impact of Middle East conflict on the local economy. Mendoza issued the reminder as the crisis may disrupt oil supply chains and spike inflation....
