Fuel prices are set to tumble, offering motorists major reprieve after weeks of escalating costs driven by geopolitical frictions. The Department of Energy prescribed a minimum rollback effective Tuesday, June 2, reducing diesel by ₱9.26 per liter, gasoline by ₱4.76 per liter, and kerosene by...
Lower-income households will need to cough up an additional ₱490 in monthly rice spending due to higher fertilizer prices and their impact on retail prices, according to the Congressional Policy and Budget Research Department (CPBRD). Under a conservative lower-bound scenario, the House of...
Consumers are poised for much-needed relief at the pump next week as global oil benchmarks edge lower on rising optimism surrounding a potential 60-day ceasefire between the United States (US) and Iran, which could lead to the reopening of the critical Strait of Hormuz. Based on the four-day Mean...
Motorists will need to brace for another round of over-a-peso fuel price hikes this week following the recent uptick in demand and the gradual easing of geopolitical tensions. According to the Department of Energy (DOE), gasoline will have a maximum price increase of up to ₱1.60 per liter, diesel...
Local hog producers warned that the government’s plan to enforce a price ceiling on liempo or pork belly could further strain domestic production at a time when farmgate prices are already depressed while input costs are at their highest. Pork Producers Federation of the Philippines Inc....
The Department of Trade and Industry (DTI) is optimistic that it will secure commitments from major manufacturers to hold off on price adjustments for the coming month, even as some companies are already pushing for hikes amid rising logistics costs. The DTI earlier reached a deal with makers of...
The Department of Agriculture (DA) is preparing to implement a nationwide suggested retail price (SRP) of ₱53 per kilo for local rice as part of ongoing efforts to keep prices of the staple at a reasonable level. Agriculture Secretary Francisco Tiu Laurel said in a statement on Tuesday, May...
The Department of Agriculture (DA) is studying the potential imposition of a suggested retail price (SRP) on locally produced regular and well-milled rice to temper price swings across the country driven by ongoing inflationary pressures. Agriculture Secretary Francisco Tiu Laurel Jr. said the...
Motorists face a sharp reversal in fuel price trends next week as escalating geopolitical conflict in the Middle East disrupts global crude markets, threatening to end a brief period of relief at the pumps. According to calculations based on the Mean of Platts Singapore (MOPS) and recent foreign...
The average farmgate price of dry palay, or unmilled rice, in the country increased by 29 percent to over ₱23 per kilo in April compared to a year ago, at a time when the country is increasing imports of the household staple to offset weaker production. Preliminary data from the Philippine...
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
Diesel prices are expected to decline next week, while gasoline prices may continue to rise amid supply tightness and sustained seasonal demand. Based on the four-day trading of the Mean of Platts Singapore (MOPS), gasoline prices may increase by ₱1 to ₱3 per liter, while diesel prices could...
