DAVAO CITY – A Davao City councilor is urging Congress to enact legislation that will re-establish the Oil Price Stabilization Fund (OPSF) to help cushion the impact of fluctuations in fuel prices on Filipino consumers and key economic sectors . In a resolution, Councilor Danilo Dayanghirang,...
Fuel price rollbacks may come to an end next week, as global market forecasts point to potential price hikes. Based on the four-day Mean of Platts Singapore (MOPS) trading average, diesel prices could increase by ₱3.75 to ₱4.25 per liter, while gasoline prices could rise by ₱2.50 to ₱3.00...
Motorists are on track for a second consecutive week of relief at the pump, with local fuel prices projected to fall by as much as ₱5 per liter as diplomatic movements in the Middle East pull down global crude benchmark rates. Based on four-day trading averages from the Mean of Platts Singapore...
Malacañang said that the P12-per-liter fuel discount for public utility vehicle (PUV) drivers will continue as long as the transport sector needs government assistance amid the impact of higher fuel prices. In a press briefing on Thursday, Aug. 6, Presidential Communications Office (PCO)...
The government will increase the fuel discount for jeepney and UV Express drivers to P12 per liter starting Aug. 15 as part of efforts to cushion the transport sector from the impact of tensions in the Middle East, Malacañang announced. The higher discount, ordered by President Marcos, will allow...
Top officials of the Land Transportation Franchising and Regulatory Board (LTFRB) have started the deliberation on all the fare hike petitions amid concerns on the operational costs in running public utility vehicles (PUVs) over the series of big-time oil price hikes in the past five weeks. Initial...
President Marcos has defended his administration 's handling of the economic fallout from the conflict in the Middle East, saying the government responded quickly to protect Filipinos and mitigate the crisis ' effects. In his fifth State of the Nation Address (SONA) on Monday, July 27,...
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
The Land Transportation Franchising and Regulatory Board (LTFRB) assured transport groups that it will review all the pending petitions for fare hike amid the increasing operational costs for public utility vehicles that include the surge in the price of petroleum products. LTFRB chairman Vigor D....
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
