Fuel prices are poised for another significant retreat next week as cooling tensions in the Middle East drive global benchmarks lower, offering a second consecutive wave of relief to local motorists and transport operators. Based on the first three days of trading for the Mean of Platts Singapore,...
Filipinos are caught in a financial trap, increasingly forced to borrow money for food and basic needs despite their deep cultural dislike of debt, according to the latest Bangko Sentral ng Pilipinas (BSP) report that highlighted growing strain on household finances. The 2025 Consumer Finance and...
The Marcos administration is moving to shore up the country’s depleted cooking fuel reserves as geopolitical volatility threatens energy security, with the government securing its first major import of liquefied petroleum gas (LPG) in months. The Department of Energy (DOE) authorized the purchase...
Transport organizations are divided over the nationwide strike set for April 15 to 17, with Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (PISTON) confirming its participation while other groups pursue dialogue with the government on rising fuel costs. Mody Floranda, president of...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
Department of Public Works and Highways (DPWH) Secretary Vince Dizon on Monday, April 13, dismissed an economist’s call to halt major infrastructure and public works projects, saying these should continue despite rising fuel prices in the country. Earlier, economist JC Punongbayan said...
The country’s competition watchdog is intensifying its scrutiny of domestic fuel prices to shield consumers from unwarranted hikes triggered by escalating tensions in the Middle East. In a statement, the Philippine Competition Commission (PCC) said it is monitoring the market behavior of local...
The transport sector, along with motorists, is finally seeing the start of possible fuel price easing after weeks of steep hikes. Based on the four-day trading average Mean of Platts Singapore (MOPS), diesel could go down by ₱5.50 to ₱6.50 per liter, while gasoline is estimated to hold steady...
ZAMBOANGA CITY – Zamboanga City was placed under a state of calamity due to rising oil prices from the Middle East conflict. The Sangguniang Panlungsod approved a resolution during its regular session on Wednesday, April 8, based on a recommendation of the City Disaster Risk Reduction Management...
The global oil market is finally reacting to the two-week ceasefire, as prices for diesel and gasoline may ease next week. Based on the first three-day average Mean of Platts Singapore (MOPS), diesel prices could finally ease by around ₱2.50 to ₱3.50 per liter, potentially bringing pump prices...
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise. Energy Secretary Sharon Garin emphasized during a media briefing on...
The peso’s purchasing power hit another record low in March as the price shock wrought by the war in the Middle East further eroded Filipinos’ ability to spend the local currency. The latest data from the Philippine Statistics Authority (PSA), released on Tuesday, April 7, showed that the...
