It will be another round of stranglehold on consumers’ pockets next week, as big-time oil price hikes will reign at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise significantly by P1.20 to P1.60 per...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
The battlefield of relentless volatile oil prices will be in the favor of Filipino consumers next week, as the domestic oil companies are anticipating hefty rollback at the pumps across products. Based on the calculations of the industry players, the price of diesel will have a sharp reduction of...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) The Bangko Sentral ng Pilipinas (BSP) can help maximize the expected reduction on retail prices of rice by keeping the peso at "reasonable levels" against the United States (US) dollar. This was...
President Marcos' chief economic manager said that despite the global decline in prices, the consistently high local costs of rice remain a key concern. In a statement, Finance Secretary Ralph G. Recto pointed out the substantial price gap of rice between the current market prices and those of last...
Inflation, or the rate of increase in consumer prices, picked up at a quicker pace in May as electricity and liquefied petroleum gas costs rise, the Philippine Statistics Authority reported Wednesday, June 5. May headline inflation inched up to 3.9 percent from 3.8 percent in the previous month,...
Motorists using gasoline products will be greeted with more favorable news at the pumps this week as the price of this commodity will be reduced by P0.90 per liter, according to the pricing advisories of the oil companies. Conversely, however, those filling up their vehicles with diesel will...
The rollercoaster ride on oil price adjustments will have favorable turn for gasoline users this week, as the price of this commodity will be on rollback, based on the estimates of the industry players; while diesel and kerosene will track price uptrend. According to the oil companies, the price of...
House Speaker Martin Romualdez (left), DOF Secretary Ralph Recto (Speaker’s office, Facebook) House Speaker Martin Romualdez has thanked on Wednesday, May 29 Department of Finance (DOF) Secretary Ralph Recto for making good his...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the reduction of domestic rice prices by 20 percent in September is possible given that world prices will decline. Balisacan referred to the statement by Finance Secretary Ralph G. Recto, noting that external...
Businessman Ramon S. Ang fearlessly tackled the issue of high electricity and fuel prices in the country compared to its neighbors during the Philippine Economic Briefing on Monday, May 27. Ang, widely known as RSA, used the panel discussions at the forum, which included Budget Secretary Amenah...
It will be a new round of financial agony for consumers at the pumps this week, as the price of gasoline and products will rise by P0.40 per liter, based on the pricing advisories of oil companies. Kerosene, which is the base for aviation fuel and also an essential commodity for...
