Sari-sari stores recorded a 90-percent surge in sales in March as rising global oil prices triggered widespread stockpiling among micro-retailers and households, according to homegrown tech startup Packworks. In a statement on Thursday, April 23, Packworks said that based on over one million...
Fuel retailers are on track to extend their streak of price rollbacks next week, though the pace of the decline is projected to moderate amid tightening regulatory environment and persistent Middle East volatility. Based on the first two days of trading for the Mean of Platts Singapore (MOPS), the...
President Marcos on Sunday announced a larger fuel price rollback next week, saying the reduction will bring much-needed relief to Filipino consumers. “Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis (Next week, there will be a bigger reduction in oil prices),” the President...
Around P3.3 million worth of fuel subsidy will be directly downloaded to 28 groups of drivers and operators of public utility vehicles (PUVs) in Mimaropa region as part of the intervention measures amid complaints of slow distribution of cash assistance. Vigor D. Mendoza II, chairman of the Land...
Iran is approximately 7,000 kilometers away from the Philippines. But an ongoing war in that part of the world rattles ours almost immediately. This conflict in West Asia (or the Middle East to the Western world) has disrupted crude oil shipments to the Philippines, a country that imports about 98...
The Land Transportation Franchising and Regulatory Board (LTFRB) is planning to set up help desks in as many participating gas stations as the government’s P10 per liter subsidy started on Tuesday, April 14. And when that happens, the Philippine National Police (PNP) also wants to make its...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), ordered police commanders in Metro Manila and other areas to remain on alert and visible for the remaining two days of the transport strike as he commanded them for a peaceful and orderly first day of the protest....
A number of transport groups have declared their intention not to join the three-day transport strike and the Philippine National Police (PNP) wants to ensure that they will not be threatened and harassed. At the start of the transport strike on Wednesday, April 15, PNP chief Gen. Jose Melencio C....
Drivers and operators of diesel-fed public utility vehicles (PUVs) will stand to benefit more from the additional fuel subsidy program than the cancellation of the excise tax on fuel, the Land Transportation and Franchising Regulatory Board (LTFRB) said. The additional fuel subsidy approved by...
Transport organizations are divided over the nationwide strike set for April 15 to 17, with Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (PISTON) confirming its participation while other groups pursue dialogue with the government on rising fuel costs. Mody Floranda, president of...
A major rollback in fuel prices is set to take effect on Tuesday, April 14, offering relief to consumers amid recent volatility in global oil markets, President Marcos announced. “Simula Martes, April 14, may malaking rollback sa presyo ng langis (Starting Tuesday, April 14, there will be a big...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
