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...
Diesel prices will inch up higher by P5.85 per liter on Tuesday, March 8, as oil companies will also be recovering coco methyl ester (CME) cost, or the biofuel blend component in diesel products being retailed at the domestic pumps. Industry players explained that price upticks for diesel commodity...
Vice-presidential aspirant Senator Francis "Kiko" Pangilinan urged the government to suspend the program to replace 15-year-old jeepneys as drivers and operators are still reeling from the Covid-19 lockdowns the almost-weekly oil price hikes. Senator Francis 'Kiko' Pangilinan and Senator Risa...
Gabriela Women’s Party-list Rep. Arlene Brosas slammed the Department of Agriculture’s (DA) slow rollout of the fuel subsidies meant for farmers, and called on the national government to address the rapidly increasing prices of oil. (Photo from Gabriela Women's Party-list Facebook) “Lahat ng...
Presidential aspirant Vice President Leni Robredo appealed anew for the government to suspend excise taxes on fuel products to address ballooning oil prices amid Russia’s invasion of Ukraine. Vice President Leni Robredo (VPLR Media Bureau) The Department of Energy (DOE) advised Filipino motorists...
Ukraine has called on oil companies to stop trading with Russia and its partners in a bid to step up pressure against the invading country amid the ongoing war. Ukraine Foreign Affairs Minister Dmytro Kuleba (Screenshot from MFA of Ukraine / Facebook) "Russian oil smells with Ukrainian blood today....
BETTER DAYS Senator Sonny Angara Over the past month, we have seen a drop in the number of new Covid-19 cases, a decline in the hospitalization of people with severe or critical ailments brought about by the virus, and arguably the early signs of the revitalization of our economy. These...
Filipino consumers will be subjected into deeper financial burden as pump prices will be on colossal hikes this week, hitting record high of close to P5.50 per liter for diesel; and roughly P4.0 per liter for kerosene products, based on the calculation of the oil companies. As the Russia-Ukraine...
