Senate Minority Leader Franklin Drilon on Wednesday said the next administration is bound to face a “perfect economic storm” with the ongoing record-high budget deficit and high prices of fuel products caused by the crisis between Russia and Ukraine as well as a ballooning debt. “This is a...
Senator Panfilo "Ping" M. Lacson on Wednesday, March 9 reminded government authorities that there should be no room for corruption or administrative lapses in the distribution of fuel subsidies to sectors affected by the continued rise in oil prices. Lacson, who is running for President under...
A group of tricycle operators and drivers in Muntinlupa has asked the Muntinlupa City government to grant their request to increase the fare by P1 per person in light of the increase in gasoline prices in the country. The Federation of Muntinlupa Tricycle Operators and Drivers Association...
AAMBIS-OWA Party-list Rep. Sharon Garin says that there is an urgent need for a special session in Congress to address the local fuel situation, reiterating the call made by her numerous House of Representatives colleagues. House Committee on Economic Affairs chair and AAMBIS-OWA Party-list Rep....
Following the “biggest oil price hike” in the country since the implementation of 1998 Oil Deregulation Law, the Alliance of Concerned Teachers (ACT) on Tuesday, March 8, reiterated its call for salary increase amid the rising inflation and urged the national government to implement measures...
With a ‘mega spike’ of $150 per barrel oil in the world market anticipated in the days ahead, the Philippines is subsequently seen bracing for P100 per liter oil at the domestic petroleum pumps, especially for gasoline products that are now inching closer to P90 per liter. In a briefing with...
Senatorial candidate Gilbert "Gibo" Teodoro is the latest personality to call for the "unbundling" of domestic fuel prices, which for the entire year have been on an upward trajectory. (Ali Vicoy/ MANILA BULLETIN) Teodoro said that price unbundling is the oil companies' act of itemizing or breaking...
Following the massive spike in oil prices on Tuesday, March 8, Senate bet Harry Roque listed some short term, medium term, and long term measures that the government can follow to help mitigate the price surge's effects on consumers. Senate bet Harry Roque (FILE PHOTO) On March 8 , gasoline prices...
Senatorial candidate Monsour Del Rosario said on Tuesday the government should implement a tax break on oil products to cushion the impact of the price hikes caused by the global crisis in light of the conflict between Russia and Ukraine. Del Rosario, who is part of the senatorial slate, of Partido...
The government’s fuel subsidy program is the best solution to the problem caused by successive fuel price hikes. House Speaker Lord Allan Velasco had this to say Monday, March 7, the same day that the chamber's Fuel Crisis Ad Hoc Committee convened for the first time in order to discuss relief...
Peasant group Kilusang Magbubukid ng Pilipinas (KMP), stood firm and reiterated that the national government “should take charge” and address the ongoing oil price hike in the country. In a press release on Monday, March 7, KMP said that the government should “take an action” to control the...
A House leader couldn't help but notice the Department of Energy's (DOE) "new stance" on the 1998 Oil Deregulation Act, which it called the "root" of the problem of soaring fuel prices during the Fuel Crisis Ad Hoc Committee meeting Monday, March 7. (Screenshot from Zoom meeting) According to PBA...
