House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
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...
Has ACT Teachers Party-list Rep. Antonio Tinio found proof of systematic overcharging by local oil companies? In a statement Thursday, April 9, Tinio, a House deputy minority leader flagged what he called the “asymmetric pricing” and profiteering in oil market; which he deduced from his study...
The Commission on Higher Education (CHED) has allowed higher education institutions (HEIs) to temporarily shift to full online learning amid the declaration of national energy emergency. In a memorandum issued April 7 and signed by Chairperson Shirley Agrupis, CHED said the directive was released...
So much has been said about businesses bracing for a possible economic crisis ahead. But are we, as individuals, equally prepared? Everything begins at home—even if our businesses can withstand the crisis, how will we manage on a personal level? The right mindset, first of all, is not to panic....
While President Marcos believes the two-week ceasefire deal between the United States and Iran may not be enough to lower the prices of oil, the country will maximize it to increase its supply. "So, we will take full advantage of the two weeks to increase our supply as much as possible and to...
Despite the suspended strikes among the United States (US), Iran, and Israel, early oil market trading suggested price spikes could continue next week. Based on the average Mean of Platts Singapore (MOPS) during the first two days of this week , diesel is estimated to rise by ₱4 to ₱5 per...
Senator Paolo “Bam” Aquino IV on Wednesday, April 8 called on the government to ensure that the country’s food security won’t be at risk amid soaring fuel costs and rising inflation. Aquino emphasized the need for immediate government action on food security during the Senate Committee...
Manila Mayor Francisco "Isko Moreno" Domagoso announced that the city’s Libreng Sakay program will not be extended beyond Wednesday, April 8. Domagoso said the local government will first assess the program’s impact and study the results to determine the next steps, ensuring that future...
Another round of cash aid is in the pipeline. The Department of Social Welfare and Development (DSWD) is preparing a second round of cash assistance for transport workers affected by persistent fuel price increases, assuring that its multibillion-peso allocation under the Assistance to Individuals...
Executive Secretary Ralph Recto expressed hopes that the oil diplomacy the Philippines is pursuing amid the Iran-US conflict would not only replenish the country 's stocks, but build it up. Recto stated this during a meeting with business groups and executives of petroleum companies on...
Since its launch on March 30, Manila’s Libreng Sakay program has assisted 716,659 commuters, providing much-needed relief to thousands navigating the city’s daily transport challenges. The program wraps up on Wednesday, April 8, according to the local government. In a bid to further support...
