As consumers complain of dizzying hikes in oil prices, or at times, unsatisfied at the amount of rollbacks in recent weeks, the oil companies are consequentially suspect of profit-taking. The deregulation of the downstream oil industry is already traversing roughly 23 years -- yet the fires of...
Big-time fuel price hikes of as much as P1.30 per liter are expected next week following further rally in the world market prices. Based on the initial calculation of the oil companies, the biggest price hikes will be felt on diesel products at the range of P1.25 to P1.30 per liter; while kerosene...
As international prices hit new historic-high of $60 per barrel, pump prices are anticipated to go up between P0.85 to P1.05 per liter across products. Based on the initial...
State-run Social Security System (SSS) is appealing to the House of Representatives for an “objective decision” on the proposed measures postponing the contribution rate hike for this year. In a statement, Aurora C. Ignacio, SSS president and chief executive, said the pension fund’s...
Motorists with gasoline-fed vehicles will have higher degree of financial torment in the coming week, as industry players are anticipating rise in prices for that commodity at the scale of P0.80 to P0.95 per liter. For diesel, the calculation of the oil companies would be a leaner price increase of...
State-run Social Security System (SSS) warned that any delay in implementing the scheduled increase in contribution rate as well as minimum and maximum monthly salary credits (MSCs) could endanger the pension fund. In a statement, Aurora C. Ignacio, SSS president and chief executive, said delayed...
