Consumer prices remained steady at 3.0 percent in February due to slower inflation for food items, but economists warned that the uptick will likely accelerate in the coming months on skyrocketing oil prices as war continues to rage in Ukraine. The Philippine Statistics Authority reported on...
Senator Imee Marcos on Friday, March 4 encouraged the government to find new suppliers of wheat and develop the production of non-wheat flours to prevent sudden spikes in the prices of bread and noodles that are staples of the Filipino diet. Marcos, chairwoman of the Senate committee on economic...
Albay 2nd district Rep. Joey Salceda believes he knows a good approach to the possible revival of the mothballed Bataan Nuclear Power Plant (BNPP). A nuclear power plant jn Belgium (Frederic Paulussen/ Unsplash) Salceda calls this the "franchise approach" and he plans to pitch it soon to the Chief...
Anakalusugan Party-list Rep. Mike Defensor insisted on Thursday, March 3 that suspending taxes on fuel is the best way to provide instant relief to Filipino consumers amid runaway pump fuel prices. (Photo from Mike Defensor's Facebook) “I am for revisiting the law that deregulated the oil...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
So what has the Department of Energy (DOE) been doing amid the successive and hefty price hikes on fuel? Camarines Sur 2nd district Rep. LRay Villafuerte (Photo from LRay Villafuerte's Facebook page) For former House Deputy Speaker LRay Villafuerte, the agency simply isn't doing enough to give the...
So critical is the issue on skyrocketing pump fuel prices that Congress should be allowed to hold special sessions in order to help remedy the situation. House Deputy Speaker Mikee Romero (File photo/ MANILA BULLETIN) House Deputy Speaker and 1-Pacman Party-list Rep. Mikee Romero made this pitch to...
As global oil prices inched higher, hefty cost adjustments at domestic petroleum pumps are expected again next week for the 8th round this year. From the outcome of last week’s international trading, it has been estimated that gasoline prices will increase by P0.95 to P1.05 per liter; diesel by...
The decision of the Manila Electric Company (Meralco) to go against the grain and impose power rate cuts amid steadily rising pump fuel prices wasn't lost to former AGHAM Party-list Rep. Angelo Palmones. Meralco logo In a statement, Palmones hailed the power distribution giant for announcing a...
Former AGHAM Party-list Rep. Angelo Palmones finds the continued pump fuel price hikes in the early part of 2022 very concerning as it shows the vulnerability of Filipino consumers to the volatile international oil market. (MANILA BULLETIN) “Fuel prices are continuously increasing and consumers...
The financial misery of Filipino motorists will continue this week, as prices at petroleum pumps will rise anew due to soaring prices in the world market and the depreciating value of the Philippine peso against the US dollar. Based on cost adjustment advisories sent by the oil companies, the price...
Consumers’ pockets will suffer another major squeeze as big-time pump price hikes are anticipated again next week due to soaring prices in the world market, according to oil companies. Based on the initial calculation, prices will rise by P1.10 to P1.20 per liter for RON92 gasoline products and...
