Filipino consumers will have another streak of luck next week on their fuel budgets as prices will be on another round of rollback, albeit modest, with diesel products anticipated to have heftier cost reduction of P1.80 to P2.10 per liter. Additionally, oil firms calculated price cut of P0.40 to...
Consumers are up for another week of relief on their fuel budgets, as oil firms will reduce prices of gasoline products by P5.00 per liter, and diesel by P2.00 per liter effective Tuesday, July 19. The oil companies similarly advised on a price reduction of P0.70 per liter for kerosene products,...
JEDDAH, Saudi Arabia -- US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia, the final stop of his Middle East tour. A handout picture released by the Saudi Royal Palace on July 15, 2022, shows Saudi Crown Prince Mohammed...
Were you thrilled by this week's "big time" price rollback on pump fuel products? Bayan Muna Party-list Rep. Carlos Zarate (Facebook) If so, you shouldn't, based on former Bayan Muna Rep. Carlos Zarate's perspective on fuel price movements so far this 2022. "Since January this year diesel prices...
It's a week of temporary financial relief for motorists as they will benefit from hefty rollback of P6.10 per liter for diesel and P5.70 per liter for gasoline products. Oil companies similarly announced that effective Tuesday, July 12, the price of kerosene products, the base for aviation fuel...
Consumers’ pockets can finally gain substantial relief next week, as petroleum products at the pumps will be on massive rollback, according to the oil companies. Based on the industry’s calculations as anchored on the Mean of Platts Singapore (MOPS), diesel prices will be reduced by as much as...
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,...
Consumers will gain breathing space in their pockets this week, as the price of diesel products will be on rollback by P3.00 per liter, while kerosene prices will be reduced by P3.40 per liter, according to the oil companies. For gasoline, there is no cost movement this week, as industry players...
Finally, there would be temporary relief in the pockets of Filipino consumers next week as diesel and kerosene prices are expected to have big-time rollback of roughly P3.00 per liter, according to calculation by the oil companies. Estimates from the outcome of last week’s trading based on the...
Senator-elect Robinhood Padilla wants the Philippines to start drilling for oil and gas in the West Philippine Sea (WPS) as the country continues to reel from unabated price increases of oil products caused by external factors. Padilla, topnotcher in the May 2022 senatorial race, made the...
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...
