Filipino motorists will have extended "happy days" next week, as prices at domestic pumps will be on fresh round of rollback by Tuesday, Nov. 22, based on the calculations of the oil companies. Industry players estimated that the price of diesel will go down by P2.10 to P2.40 per liter, while...
Oil firms are implementing P0.90 per liter increase on gasoline prices while diesel prices are being reduced by P0.30 per liter. Kerosene, which is the other product in the triumvirate of weekly price swings, is going up by P1.35 per liter, based on the pricing adjustment notices sent by the oil...
PHNOM PENH, Cambodia—President Ferdinand Marcos Jr. on Saturday asked US President Joe Biden to use his country's clout to control rising prices of fuel. At the 10th Association of Southeast Asian Nations (ASEAN)-US Summit here, Marcos appealed to Biden to take advantage of his country's...
There will be an extended heavier financial burden on motorists filling up their vehicles with gasoline products next week, as the price of this commodity will rise again by P0.55 to P0.85 per liter, based on the calculation of the oil companies. For diesel products, there could be a marginal...
A rookie congressman is prodding the House leadership to quickly take up his proposal to establish "Kadiwa Agri-food Terminals" in every city and municipality as a way of tempering the problem of costly basic commodities amid fast inflation. AGRI Party-list Rep. Wilbert T. Lee (Facebook) “Amid...
Addressing high inflation is the top priority of President Marcos’ economic team, the Department of Finance (DOF) said after consumer prices further accelerated in October to almost 14-year high. Finance Secretary Benjamin E. Diokno admitted that the stubbornly high consumer prices remain on the...
The rate of increase in consumer prices accelerated further in October, hitting its fastest pace in nearly 14 years, on the back of higher food costs, the Philippine Statistics Authority (PSA) said. On Friday, Nov. 4, the PSA reported that headline inflation clocked in at 7.7 percent last month,...
The Bangko Sentral ng Pilipinas (BSP) said it is supporting the national government’s initiatives aimed at boosting the distribution of key food products and address supply-side pressures that exacerbate inflation. In a statement, the BSP said on Tuesday, Oct. 25, that addressing high consumer...
The skyrocketing consumer prices will not only drag down the country’s economic growth, but also keep many Filipino families trapped in poverty even if they earn more, the National Economic and Development Authority (NEDA) said. While high inflation is not here stay, Socioeconomic Planning...
Consumers prices continued to climb at the fastest pace in nearly four years to 6,9 percent in September on the back of rising food and energy costs, the Philippine Statistics Authority (PSA) reported on Wednesday, Oct. 5. Headline inflation clocked in at 6.9 percent last month, higher than the 6.3...
The Asian Development Bank (ADB) said the rate of increase in consumer prices in the country would move at a much faster pace this year owing to acceleration of global energy and commodity prices. Based on the Asian Development Outlook 2022 Update on Wednesday, Sept. 21, the Manila-based...
Despite the slight slowdown in the country’s inflation rate, House Senior Deputy Minority Leader and Northern Samar 1st District Rep. Paul Daza warned the public against expecting prices of commodities to also decrease. Northern Samar Rep. Paul Daza (left) and Albay Rep. Joey Salceda (right)...
