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...
Consumers face a split at the pumps next week as regional market volatility drives a significant decline in diesel prices alongside a projected increase in gasoline. Based on the first four days of trading under the Mean of Platts Singapore (MOPS) benchmark, diesel prices are expected to drop by...
Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
The Philippine government must overhaul its aviation policy and adjust flight cost structures to accelerate the adoption of sustainable aviation fuel (SAF), a move designed to insulate the local industry from volatile global oil prices, according to professional services firm GHD Group Pty. In an...
Tensions in the Middle East are threatening to derail a cooling trend in global energy markets, as fresh supply disruptions at critical chokepoints signal a potential return to volatility for Filipino consumers. While initial trading early in the week pointed toward significant relief at the pump,...
Israeli Ambassador to the Philippines, Dana Kursh, renewed calls for peace and de-escalation in the Middle East, warning that escalating tensions involving Iran are already impacting global stability and economies, including the Philippines. During a media brunch she hosted on April 23, Kursh said...
Diesel prices are set for another substantial reduction next week as regional benchmarks retreat, though renewed Middle Eastern volatility threatens to stall the downward momentum in gasoline prices. Based on the first three days of trading for the Mean of Platts Singapore (MOPS), the regional...
Transport group Manibela said on Thursday, April 23, that its transport strike remains in effect despite the removal of its protest centers, as members continue complying with government requirements. Manibela chairman Mar Valbuena clarified that the absence of picket lines does not signal the end...
Fuel retailers are on track to extend their streak of price rollbacks next week, though the pace of the decline is projected to moderate amid tightening regulatory environment and persistent Middle East volatility. Based on the first two days of trading for the Mean of Platts Singapore (MOPS), the...
TACLOBAN CITY – The Leyte provincial government has unveiled the QGas application, a digital system designed to monitor and compare fuel prices across gasoline stations to provide motorists with real-time and reliable data. The local government presented the application to municipal...
