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...
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...
