Growth in the bulk prices of general goods slowed in September this year as food price growth eased, the Philippine Statistics Authority (PSA) reported. Based on the PSA data, the General Wholesale Price Index (GWPI) in the country dropped to 4.4 percent from 5.0 percent in August. It is also lower...
Motorists using diesel in their vehicles are up for happy rides this week as the price of this fuel commodity will be on rollback by a hefty P3.00 per liter, according to the pricing adjustment advisories of the oil companies. For gasoline products, the price cut will be at leaner P0.70 per liter;...
As global oil prices crashed to $78 per barrel level, Filipino consumers can look forward to hefty rollback in fuel prices next week, especially for diesel and kerosene products, according to the oil companies. Based on the estimates of the industry players, the price of diesel products will have a...
The pockets of consumers will be eased significantly from the hefty rollback in pump prices this week which reached a scale of P3.05 per liter for gasoline; and P2.45 per liter for diesel products as announced by the oil companies. For kerosene, which is the other vital commodity in the triumvirate...
With its “economies of scale” now in place, an official of the National Economic and Development Authority (NEDA) said that the administration of President Marcos is treading the right path in providing affordable rice in the market. (File Photo/MANILA BULLETIN) Speaking in a Palace briefing,...
President Marcos' chief economic manager said the government's swift and resolute actions to combat inflation were responsible for the considerable decrease in consumer prices recorded in October. In a statement, Finance Secretary Benjamin E. Diokno lauded the 4.9 percent headline inflation...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
Farmers' group Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, Nov. 7 responded to the recent statement of the newly assigned Department of Agriculture (DA) Secretary Francisco Laurel Jr. on the "inability" of the country to lower down prices of rice to P20 per kilogram in 2023. (Noel...
Filipino consumers finally received some relief from the persistent price increases they had been facing since the start of the year, as the government's report highlighted a significant slowdown in the inflation of food prices. The latest inflation report released by the Philippine...
The country registered a slowdown in consumer price inflation in October, but the persistent struggle with high living costs remains a pressing concern for many Filipino consumers. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 7, that the inflation rate eased to 4.9 percent,...
It’s a week of financial relief on consumers’ pockets as prices at the gasoline stations will be on rollback, based on the pricing adjustment advisories of the oil companies. The industry players announced that the price of diesel will have a relatively hefty cutback of P1.10 per liter; while...
Happy driving days will continue for Filipino consumers next week as oil prices will continue to track downtrend at the domestic pumps, according to the calculation of the oil companies. Based on the estimates of the industry players, the price of diesel in particular will have a heftier rollback...
