Government agencies are being urged to find remedies that could help cushion the oil price impact on consumers, especially the public transport sector, as petroleum products are anticipated to go back to their upward price trend. Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian, noted...
The national government should prepare for a potential increase in domestic oil prices after global prices surged on Monday following Saudi Arabia and other OPEC+oil producers' decision to further reduce oil output by 1.16 million barrels per day, Sen. Sherwin Gatchalian said on Tuesday, April 4....
BRUSSELS, Belgium -- European Union member states, the Group of Seven industrialized countries and Australia said Friday that they have reached an agreement on price caps for Russian petroleum products. The move is the latest part of an international push to limit Russian President Vladimir Putin's...
A member of the Makabayan bloc in the House of Representatives wants Malacañang to certify as “urgent” the proposed measures that will help curb the impact of spiraling oil prices. (Photo by Mark Balmores/MANILA BULLETIN) House Deputy Minority Leader and ACT Teachers Party-list Rep. France...
Senator Sherwin Gatchalian ​wants an assessment carried out on the impact of the Russia-Ukraine conflict on Philippine energy security and affordability. With fuel prices still rising, Gatchalian believed there is a need for Congress to look into the impact of the Russia-Ukraine war in terms...
Senator Ronald “Bato” dela Rosa on Thursday, July 7 expressed his belief it is high-time that the government should also prioritize coming up with a cash subsidy scheme for low to medium income class workers who are also reeling from the impact of the Covid-19 pandemic, series of oil price...
Senator Grace Poe has refiled her bill seeking to provide for the automatic suspension of excise tax on gasoline and diesel. The suspension will take effect when the average Dubai crude oil price based on the Mean of Platts Singapore (MOPs) exceeds $80 per barrel over a three-month period. Earlier,...
Outgoing Senator Panfilo M. Lacson has sought a conditional suspension of the excise tax on fuel, and the scrapping of several lines of exemption in the Value-Added Tax (VAT). Lacson said this two-pronged formula could give Filipinos some badly needed breathing room from the effects of prohibitive...
Senator Imee Marcos on Tuesday, June 21, asked the Department of Energy (DOE) for its proposal to help sectors badly affected by the increasing fuel prices. Senator Imee Marcos (Senate of the Philippines) Marcos, chairwoman of the Senate economic affairs committee, said the proposal for nuclear...
Senator-elect Joseph Victor “JV” Ejercito said he is contemplating biking his way to work in the Senate once the 19th Congress opens its regular sessions. Ejercito said biking is now his way of life and is actually thinking of biking to work to avoid the stress of traffic and at the same time...
Senator Sherwin Gatchalian on Thursday said he would push for additional cash subsidies for public utility vehicle (PUV) drivers as local pump prices of oil is expected to continue rising as the Russian invasion of Ukraine drags on. With the global disruption on oil supply and distribution,...
Senator Imee Marcos has said it is high time for the Philippines to talk to its Asian neighbors to help with the county’s oil supply and also look at sustainable and renewable sources of energy. Marcos, chairwoman of the Senate economic affairs committee, issued this statement during a brief...
