So what has the Department of Energy (DOE) been doing amid the successive and hefty price hikes on fuel? Camarines Sur 2nd district Rep. LRay Villafuerte (Photo from LRay Villafuerte's Facebook page) For former House Deputy Speaker LRay Villafuerte, the agency simply isn't doing enough to give the...
So critical is the issue on skyrocketing pump fuel prices that Congress should be allowed to hold special sessions in order to help remedy the situation. House Deputy Speaker Mikee Romero (File photo/ MANILA BULLETIN) House Deputy Speaker and 1-Pacman Party-list Rep. Mikee Romero made this pitch to...
As global oil prices inched higher, hefty cost adjustments at domestic petroleum pumps are expected again next week for the 8th round this year. From the outcome of last week’s international trading, it has been estimated that gasoline prices will increase by P0.95 to P1.05 per liter; diesel by...
The decision of the Manila Electric Company (Meralco) to go against the grain and impose power rate cuts amid steadily rising pump fuel prices wasn't lost to former AGHAM Party-list Rep. Angelo Palmones. Meralco logo In a statement, Palmones hailed the power distribution giant for announcing a...
Former AGHAM Party-list Rep. Angelo Palmones finds the continued pump fuel price hikes in the early part of 2022 very concerning as it shows the vulnerability of Filipino consumers to the volatile international oil market. (MANILA BULLETIN) “Fuel prices are continuously increasing and consumers...
The financial misery of Filipino motorists will continue this week, as prices at petroleum pumps will rise anew due to soaring prices in the world market and the depreciating value of the Philippine peso against the US dollar. Based on cost adjustment advisories sent by the oil companies, the price...
Consumers’ pockets will suffer another major squeeze as big-time pump price hikes are anticipated again next week due to soaring prices in the world market, according to oil companies. Based on the initial calculation, prices will rise by P1.10 to P1.20 per liter for RON92 gasoline products and...
The Department of Finance (DOF) expects inflation to gradually trend downward in the coming months as the government implements programs aimed at mitigating food supply concerns. Finance Undersecretary and Chief Economist, Gil S. Beltran, said the further deceleration of inflation to 3.65 percent...
Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
Just coming from heavy spending during the Christmas holidays, Filipino consumers will have to brace for massive spikes in oil prices next week at the scale of P1.85 to P1.95 per liter for gasoline, and P2.20 to P2.30 per liter for diesel products. Kerosene, which is the other commodity in the...
The Department of Agriculture (DA) has faced delays in paying suppliers and merchants in Ilocos region that participated in the government’s voucher system, which provided fertilizer subsidy to rice farmers. A statement from the DA revealed that as much as P100-million worth of fertilizer...
The rate of increase in consumer prices continued to decelerate for the third straight month in November due to slowdown in food costs, the Philippine Statistics Authority (PSA) reported. The headline inflation rate further eased to 4.2 percent last month from 4.6 percent in October, but still...
