Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
Driven by rising demand and tightening supply, oil prices are expected to rise again next week. Based on the four-day Mean of Platts Singapore (MOPS) and the forex average, gasoline could go up somewhere between ₱0.30 and ₱0.50 per liter, while diesel may increase by ₱0.70 to ₱0.90 per...
Motorists will need to tighten their belts for another round of increased prices at the gas pumps. Effective Tuesday, July 15, gasoline will go up by ₱0.70 per liter, and kerosene will rise by ₱0.80 per liter. Diesel is also seen to climb by ₱1.40 per liter. Shell, Seaoil, CleanFuel,...
After two consecutive weeks of rollbacks, fuel prices are set to increase next week, driven by concerns over global supply and demand. Based on four-day trading in the Mean of Platts Singapore (MOPS), gasoline could rise by ₱0.50 to ₱0.80 per liter, while diesel may see an increase of ₱0.60...
The House of Representatives should pass its own version of the legislated wage hike if it is serious in wanting the measure to be passed into law as soon as possible for the benefit of the workers, Senator Joseph Victor “JV” Ejercito said on Sunday, July 6. Ejercito noted that the measure is...
The Department of Labor and Employment (DOLE) will conduct region-wide inspections starting July 18 to ensure compliance with the ₱50 daily minimum wage increase in Metro Manila. Labor Secretary Bienvenido Laguesma has directed regional and field offices in the National Capital Region (NCR) to...
Senator Joel Villanueva has renewed his push for better and timely pay raises through a living wage criterion that would set the minimum wage rates nationwide. Villanueva, chair of the Senate Committee on Labor and Employment, reiterated that his bill on setting standards for a living wage would...
Sen. Christopher “Bong” Go has filed the bill proposing a P100 across the board, daily wage increase. Go made the effort following the Regional Tripartite Wages and Productivity Board’s announcement of a P50 daily wage increase for National Capital Region (NCR) workers. Labor groups and...
Starting July 18, the daily minimum wage for workers in Metro Manila will increase to ₱695 after the Regional Tripartite Wages and Productivity Board–National Capital Region (RTWPB-NCR) approved a ₱50 pay hike, the Department of Labor and Employment (DOLE) disclosed on Monday, Jun. 30. DOLE...
Despite the reported ceasefire between Israel and Iran, Sen. Raffy Tulfo reminded the Department of Transportation (DOTr) to still continue monitoring the average price of the Dubai crude oil to ensure that the fuel subsidy for PUV drivers and riders will be promptly distributed once its price has...
COTABATO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has approved a new wage order raising the daily pay of private sector workers by P50 starting next month, officials said on Friday. In a statement, BARMM Chief Minister Abdulraof Macacua said he approved the Wage Order...
The Department of Trade and Industry (DTI) said prices of basic necessities and prime commodities remain stable despite the recent surge in fuel prices. In a statement, the DTI said it is actively working with local manufacturers to maintain the current prices of goods despite a hike in fuel prices...
