Motorists are set for the largest relief at the pump this year as breakthrough in Middle Eastern peace talks and the reopening of the Strait of Hormuz, a vital shipping lane, send global oil prices tumbling. Local diesel prices are projected to plunge by as much as ₱26.50 per liter, while...
Oil prices are on track for a significant retreat next week as fragile geopolitical detente in the Middle East erodes the war risk premiums that have kept global benchmarks elevated. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the industry’s regional pricing...
The Department of Agriculture (DA) secured a temporary toll fee waiver for trucks transporting agricultural goods, part of the strategic push to lower logistics expenses, stabilize retail food prices, and shield farmers’ earnings from volatile fuel costs. In a statement on Friday, April 17,...
The government has reached a fresh agreement with manufacturers and retailers to extend the nationwide price freeze on essential goods until May 10, providing a temporary shield for consumers against rising living costs. On Friday, April 17, Trade Secretary Cristina Aldeguer-Roque announced the...
Fuel prices are poised for another significant retreat next week as cooling tensions in the Middle East drive global benchmarks lower, offering a second consecutive wave of relief to local motorists and transport operators. Based on the first three days of trading for the Mean of Platts Singapore,...
Filipinos are caught in a financial trap, increasingly forced to borrow money for food and basic needs despite their deep cultural dislike of debt, according to the latest Bangko Sentral ng Pilipinas (BSP) report that highlighted growing strain on household finances. The 2025 Consumer Finance and...
The Marcos administration is moving to shore up the country’s depleted cooking fuel reserves as geopolitical volatility threatens energy security, with the government securing its first major import of liquefied petroleum gas (LPG) in months. The Department of Energy (DOE) authorized the purchase...
Transport organizations are divided over the nationwide strike set for April 15 to 17, with Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (PISTON) confirming its participation while other groups pursue dialogue with the government on rising fuel costs. Mody Floranda, president of...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
Department of Public Works and Highways (DPWH) Secretary Vince Dizon on Monday, April 13, dismissed an economist’s call to halt major infrastructure and public works projects, saying these should continue despite rising fuel prices in the country. Earlier, economist JC Punongbayan said...
The country’s competition watchdog is intensifying its scrutiny of domestic fuel prices to shield consumers from unwarranted hikes triggered by escalating tensions in the Middle East. In a statement, the Philippine Competition Commission (PCC) said it is monitoring the market behavior of local...
The transport sector, along with motorists, is finally seeing the start of possible fuel price easing after weeks of steep hikes. Based on the four-day trading average Mean of Platts Singapore (MOPS), diesel could go down by ₱5.50 to ₱6.50 per liter, while gasoline is estimated to hold steady...
