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...
Authorities have widened their investigation into a suspected illegal fuel trading operation uncovered at the Navotas Fish Port Complex , where nine individuals were arrested, and a large volume of diesel was seized. The operation, conducted on Tuesday, April 8, by the Philippine National Police...
The ongoing surge in fuel prices, driven by instability in the Middle East, has placed immense pressure on economies and households alike. For fuel-importing nations such as the Philippines, the consequences are immediate and far-reaching. In fact, the majority of Filipinos are already feeling the...
The Department of Social Welfare and Development (DSWD) is considering shifting to digital distribution of cash assistance for public utility vehicle (PUV) drivers as it prepares for the second tranche of its Cash Relief Assistance program. DSWD Secretary Rex Gatchalian said the initiative builds...
The Department of Social Welfare and Development (DSWD) will conduct a special payout next week for transport workers in Metro Manila who were not covered or were unable to claim their ₱5,000 cash assistance. DSWD Assistant Secretary and spokesperson Irene Dumlao on Tuesday, April 7 said that...
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...
