Fuel prices are set to surge this week, snapping a two-week streak of rollbacks as mounting geopolitical friction and regional supply constraints weigh on the local market. Effective Tuesday, Aug. 18, domestic oil companies will raise diesel prices by ₱3.84 per liter and gasoline by ₱2.49 per...
Fuel price rollbacks may come to an end next week, as global market forecasts point to potential price hikes. Based on the four-day Mean of Platts Singapore (MOPS) trading average, diesel prices could increase by ₱3.75 to ₱4.25 per liter, while gasoline prices could rise by ₱2.50 to ₱3.00...
The Philippines faces difficulty bringing inflation back within target as a strengthening El Niño threatens to damage crops and push food prices higher, with the country already posting the highest inflation rate in the region, according to Moody’s Analytics. In an Aug. 7 report, Moody’s...
Motorists and businesses are set to receive relief this week as local retail fuel prices record significant declines, driven by lower international benchmark costs and a stronger local currency. Effective Aug. 11, local pump prices for gasoline will decline by ₱4.70 per liter, diesel by ₱4.30...
Motorists are on track for a second consecutive week of relief at the pump, with local fuel prices projected to fall by as much as ₱5 per liter as diplomatic movements in the Middle East pull down global crude benchmark rates. Based on four-day trading averages from the Mean of Platts Singapore...
Filipino PC builders and gamers are absorbing another round of sticker shock this year, as graphics card prices at local retailers climb well beyond what buyers paid just months ago, and significantly much more than last year. Depending on the model and retailer, increases have ranged from roughly...
Motorists are set to receive a brief respite at the pump as domestic fuel prices decline in the first week of August, ending a monthlong streak of consecutive weekly increases, according to data from the Department of Energy (DOE). Effective Tuesday, Aug. 4, retail prices for diesel will drop by at...
Retail pump prices are poised to drop during the first week of August following consecutive weeks of steep price hikes. Based on four-day trading data from the Mean of Platts Singapore—the regional benchmark for refined petroleum products—gasoline prices could decline by ₱1 to ₱1.5 per...
President Marcos’ fifth State of the Nation Address (SONA) failed to mention the climate crisis, destructive mining, and communities threatened by the continued expansion of fossil fuel infrastructure, a Roman Catholic bishop pointed out on Thursday, July 30. “President Ferdinand Marcos Jr....
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
Motorists will need to ease off the gas pedal once more, as oil price hikes are expected for the fourth time this month. Based on four-day Mean of Platts Singapore (MOPS) trading and foreign exchange (forex) averages, diesel prices may climb by around ₱6 to ₱6.50 per liter, while gasoline...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
