The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
Malacañang is looking at both the possibility of suspending the excise tax on fuel and giving fuel subsidies to the public transport sector amid the soaring prices of petroleum. (Manny Llanes/ MANILA BULLETIN) Thus said Presidential Spokesperson Harry Roque in a virtual press conference Monday,...
As global oil prices considerably settled at $85 per barrel, higher oil prices will reign again at Philippine petroleum pumps in this coming week. As calculated by the oil companies, the price of regular gasoline will be increased by P1.05 to P1.15 per liter; while the higher grade gasoline...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
Malacañang will find a way to assist the beleaguered public utility vehicle (PUV) drivers amid the skyrocketing prices of pump fuel. (File photo/ MANILA BULLETIN) Presidential Spokesperson Harry Roque made this assurance in a virtual press conference Tuesday, Oct. 19, or a day after a "big time"...
The delayed implementation of the reduced tariff on pork importation and higher import cap is slowing down the pace of food price reduction, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said the nearly three-month delayed application of Executive Order No. 128...
Local farmers will continue to suffer from low palay prices due to typhoons and continuous entry of cheaper, imported rice.
“Palay prices are expected to remain low in the coming weeks with the cumulative effects of typhoons and importation even during the harvest season,
As oil prices continue to rise, the political opposition called on government to buy back Petron as part of the effort to control the runaway prices. Gasoline pump picture House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate and Makabayan senatorial bet and Bayan Muna chairman...
Consumer prices rose at a slower pace last month brought about by softer costs of transportation as well as food and beverages, the Philippine Statistics Authority (PSA) announced on Tuesday, Oct. 5. 15INFLATION The country’s headline inflation eased to 4.8 percent in September from 4.9 percent...
Consumer prices last month eased to 4.8 percent, the Philippine Statistics Authority (PSA) reported. (MANILA BULLETIN FILE PHOTO) The September inflation rate is lower than the 4.9 percent in the previous month, but quicker compared with the 2.3 percent rise of a year ago. Last month's average...
The Department of Agriculture (DA) expects the entry of cheaper, imported fish in two weeks as part of the efforts of the government to tame food prices. Agriculture Undersecretary Ariel Cayanan said during a briefing on Monday, Oct. 4 that the issuance of Sanitary and Phytosanitary Import...
There has been a drop in the retail prices of fresh pork in the country, the Department of Agriculture (DA) said on Wednesday, Sept. 29. (MANILA BULLETIN File photo/Keith Bacongco) Latest data from the DA-Bantay Presyo Price Monitoring Unit showed that the prevailing price of kasim is now at P280...
