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...
New York-based Moody’s Analytics expects the Bangko Sentral ng Pilipinas (BSP) to stand pat at this week’s policy meeting, despite a slightly worsening inflation outlook following the March price uptick. Analysts at Moody’s Analytics wrote in a commentary last Friday, April 17, that...
High energy prices and persistent geopolitical instability are poised to deepen the Philippines’ external imbalances, heightening depreciation risks for an already fragile peso, according to analysts at Dutch financial giant ING ING wrote in its latest report, published last Friday night, that it...
Motorists are set for the largest relief at the pump this year as breakthrough in Middle Eastern peace talks and the reopening of the Strait of Hormuz, a vital shipping lane, send global oil prices tumbling. Local diesel prices are projected to plunge by as much as ₱26.50 per liter, while...
Oil prices are on track for a significant retreat next week as fragile geopolitical detente in the Middle East erodes the war risk premiums that have kept global benchmarks elevated. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the industry’s regional pricing...
The Department of Agriculture (DA) secured a temporary toll fee waiver for trucks transporting agricultural goods, part of the strategic push to lower logistics expenses, stabilize retail food prices, and shield farmers’ earnings from volatile fuel costs. In a statement on Friday, April 17,...
The government has reached a fresh agreement with manufacturers and retailers to extend the nationwide price freeze on essential goods until May 10, providing a temporary shield for consumers against rising living costs. On Friday, April 17, Trade Secretary Cristina Aldeguer-Roque announced the...
