House Fuel Crisis Ad Hoc Committee co-chairperson Joey Salceda said that the "worst is yet to come" in terms of to the fuel situation even as he projected double-digit or near double-digit increases on pump prices next week. "Current crude prices is at USD 127 . At the pump, this may translate to...
Senate President Vicente Sotto III on Tuesday, March 8 said it is incumbent upon him to convene the Senate if President Duterte calls for a special session in connection with the runaway fuel prices. (Ali Vicoy/ MANILA BULLETIN) ‘’Its part of our work,’’ said Sotto who, along with...
Senatorial candidate Gilbert "Gibo" Teodoro is the latest personality to call for the "unbundling" of domestic fuel prices, which for the entire year have been on an upward trajectory. (Ali Vicoy/ MANILA BULLETIN) Teodoro said that price unbundling is the oil companies' act of itemizing or breaking...
An "Fuel Crisis Ad Hoc Committee" will convene in the House of Representatives next week to tackle possible solutions to the problem of runaway domestic fuel prices. (Photo from House Speaker Lord Allan Velasco's Facebook) This was confirmed by House Speaker Lord Allan Velasco Friday afternoon,...
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...
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...
Senatorial aspirant and human rights lawyer Jose Manuel 'Chel' Diokno on Monday, October 25, called on the government to impose a price ceiling on the prices of goods amid the increase of fuel prices for the ninth straight week. Human rights lawyer Chel Diokno (MANILA BULLETIN FILE PHOTO) Diokno,...
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...
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"...
Senator Imee Marcos has appealed for the suspension of the imposition of the 12-percent value-added tax (VAT) on oil products for a year while the country continues to grapple with the COVID-19 pandemic and its impacts to the economy. 18997 The chairperson of the Senate Committee on Economic...
