February is ending on a high note and high fuel prices. Starting Tuesday, Feb. 25, gasoline prices will jump by P0.70 per liter, while diesel is set to increase by P0.40 per liter. Kerosene prices have also climbed by P0.20 per liter. Shell Pilipinas, Clean Fuel, Seaoil, and Caltex are among the...
The Department of Agriculture (DA) is planning to allocate the majority of the pork imports under the 55,000 metric tons (MT) of the minimum access volume (MAV) quota to meat processors—a move aimed at stabilizing prices of processed meat products. In a statement, Agriculture Secretary Francisco...
Fuel prices are expected to see mixed movements next week, with some likely to rise while others fall. Based on the four-day Mean of Platts Singapore (MOPS) and average foreign exchange rate, gasoline prices could rise by ₱0.40 to ₱0.75 per liter, while diesel prices could decrease by...
The Department of Agriculture (DA) is exploring the prospect of buying pork and directly selling the commodity to retailers, allowing the agency to cut through potential layers of profiteering as pork prices continue to rise. DA Secretary Francisco Tiu Laurel recalled that during his meeting with...
The National Food Authority (NFA) has begun releasing rice stocks to participating local government units (LGUs), which consumers can purchase for as low as ₱33 per kilo, as part of the agency’s mandate under the food security emergency on rice. During a ceremonial turnover on Wednesday, Feb....
Motorists will need to brace themselves again for another hit at the fuel pump. Effective Tuesday, Feb. 18, gasoline and diesel prices will go up by ₱0.80 per liter, while kerosene's will increase by ₱0.10 a liter. Shell Pilipinas, Clean Fuel, Seaoil, and Caltex are among the oil companies that...
It may be another round of fuel price pain as analysts predict increases by next week. Based on the first four days Mean of Platts Singapore (MOPS) and foreign exchange averages, gasoline prices could rise by ₱0.45 to ₱0.85 per liter, while diesel could jump by ₱0.30 to ₱0.75 a liter....
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has underscored the need to keep farmers happy with their earnings amid the National Food Authority's (NFA) plan to sell rice price at P35 per kilo. “Ensuring...
The Department of Agriculture (DA) is set to reduce rice prices under the Rice-for-All (RFA) program, available at Kadiwa ng Pangulo (KNP) stores, effective on Wednesday, Feb. 12. Agriculture Secretary Francisco Tiu Laurel Jr. said on Tuesday that the RFA prices will be lowered by as much as ₱3...
The Department of Agriculture (DA) is still studying the potential of implementing a maximum suggested retail price (MSRP) on pork as the agency investigates the possibility of profiteering. Agriculture Secretary Francisco Tiu Laurel said the MSRP will be imposed once profiteering has been...
Oil prices will have a rollback this week, giving motorists a little more love and a little less money to spend at the pump. Effective Tuesday, Feb. 11, gasoline and diesel prices will have a P0.10 discount, while kerosene will reduce prices by P0.30. Shell Pilipinas, Seaoil, CleanFuel, Caltex, and...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU). In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower...
