Motorists are on track for a second consecutive week of relief at the pump, with local fuel prices projected to fall by as much as ₱5 per liter as diplomatic movements in the Middle East pull down global crude benchmark rates. Based on four-day trading averages from the Mean of Platts Singapore...
Filipino PC builders and gamers are absorbing another round of sticker shock this year, as graphics card prices at local retailers climb well beyond what buyers paid just months ago, and significantly much more than last year. Depending on the model and retailer, increases have ranged from roughly...
Motorists are set to receive a brief respite at the pump as domestic fuel prices decline in the first week of August, ending a monthlong streak of consecutive weekly increases, according to data from the Department of Energy (DOE). Effective Tuesday, Aug. 4, retail prices for diesel will drop by at...
Retail pump prices are poised to drop during the first week of August following consecutive weeks of steep price hikes. Based on four-day trading data from the Mean of Platts Singapore—the regional benchmark for refined petroleum products—gasoline prices could decline by ₱1 to ₱1.5 per...
President Marcos’ fifth State of the Nation Address (SONA) failed to mention the climate crisis, destructive mining, and communities threatened by the continued expansion of fossil fuel infrastructure, a Roman Catholic bishop pointed out on Thursday, July 30. “President Ferdinand Marcos Jr....
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
Motorists will need to ease off the gas pedal once more, as oil price hikes are expected for the fourth time this month. Based on four-day Mean of Platts Singapore (MOPS) trading and foreign exchange (forex) averages, diesel prices may climb by around ₱6 to ₱6.50 per liter, while gasoline...
The Philippines is among the economies hardest hit by the prolonged Middle East conflict, but it could emerge as a beneficiary once the Strait of Hormuz reopens and global oil shipments normalize, according to think tank Oxford Economics. In a July 22 report, Oxford Economics senior emerging market...
Controlling the rising prices of commodities remains the top national concern among Filipinos, with 57 percent saying it should be the government’s immediate priority. This was according to the latest Pulse Asia survey, conducted through face-to-face interviews from June 28 to July 3 and 6,...
State-run National Food Authority (NFA) is raising its buying price for wet palay, or unmilled rice, to ₱21 per kilo in a bid to ease pressure on farmers’ margins during the wet harvest season, according to the Department of Agriculture (DA). DA Secretary Francisco Tiu Laurel, who chairs the...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
The wholesale prices of rice maintained their downward trajectory in June, although certain areas such as the Davao region are seeing higher rice prices than the national average, according to the Philippine Statistics Authority (PSA). The PSA said the national average wholesale price of...
