President Ferdinand Marcos Jr. has directed the officials of the Department of Energy (DOE) to submit a comprehensive report on oil price swings as well as the cost impacts of rising fuel prices to the public utility vehicle (PUV) drivers and the agricultural sector as basis for potential...
If the radical spikes in oil prices will linger in the months ahead, the suspension of excise taxes and possibly even value added tax (VAT) will be on the table as an agenda of the Marcos administration. Senator Sherwin Gatchalian, who is the incoming chairman of the Ways and Means Committee of the...
Government-run research agency Philippine Institute for Development Studies (PIDS) said the proposed revival of the Oil Price Stabilization Fund (OPSF) is not an effective mechanism to tame soaring oil prices petroleum pumps even as it cautioned the incoming Marcos administration not to fall into...
Filipino consumers will experience relief in their pockets this week as oil prices will be on rollback for the fourth time this year. For the major products retailed at the pumps, oil firms advised that the price of diesel and kerosene will be reduced by P1.15 per liter while the price of gasoline...
Motorists filling up gasoline products in their vehicles will be in a better luck next week, as the price of this commodity along with kerosene, will be on another round of hefty rollbacks, based on the calculation of the oil companies. As culled from the outcome of five-day oil trading in the...
After 11 weeks of ascend for petroleum products to be lined up as ‘luxury goods’ that ordinary Filipino consumers can no longer afford, pump prices will finally be on significant rollbacks next week. In the calculation of the oil companies based on the outcome of five-day trading in the world...
The Department of Energy (DOE) has issued warning against “profiteers” who will be taking advantage of the Filipino consumers amid the skyrocketing prices at petroleum pumps. Given reports that some gasoline stations in the provinces are already selling oil commodities close to P100 per liter,...
Filipino motorists may have their first "price rollback relief" next week, but the Department of Energy (DOE) is still stepping up on preparation for contingency measures in case the projected $100 per barrel oil will assault on oil markets this year. International oil prices crashed to the level...
Motorists filling up their vehicles with diesel can save more this week as the price of this commodity will be on a rollback of P0.65 per liter while gasoline products will have relatively marginal price reduction of P0.20 per liter. Kerosene, which is the other fuel product in the trinity of...
The country’s oil companies are being flagged for allegedly ‘shortchanging consumers’ by implementing lower-than-expected price rollbacks at the pumps, prompting stronger calls for the unbundling of pass-on costs of petroleum commodities. According to Bayan Muna Representative Carlos Isagani...
Filipino motorists will gain massive financial relief this week as the price of gasoline will be on a hefty rollback of P2.40 per liter, while socially sensitive diesel products will be down by P2.65 per liter. With airline travels getting restricted again in many parts of the world because of the...
Filipino motorists will experience huge relief next week with petroleum products at the pumps being anticipated to be on substantial rollbacks again based on calculations by oil companies. According to industry players, gasoline prices will be trimmed by P2.60 to P2.70 per liter while diesel will...
