Transportation groups in Cebu welcomed the planned provisional P1 fare hike as they expressed alarm over the supposed big-time oil price hike next week. Ellen Maghanoy, chairperson of the 13-member Federation of Cebu Transport Cooperatives (FCTC), said the fare hike is badly needed for jeepney...
The escalating tensions in the Middle East, which are expected to drive up fuel prices significantly, should prompt the Philippines to accelerate its transition to renewable energy (RE), according to a trade envoy. George Freeman, the United Kingdom’s (UK) trade envoy to the Philippines, said...
Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III clarified on Friday, July 20, that the proposed fare increase for public utility vehicles (PUVs) has not yet been approved. Guadiz said that any adjustment to current fare rates “remains on hold” as the...
A big-time fuel price hike, estimated at nearly ₱5 per liter, is set to rock motorists next week, driven by external shocks from escalating Middle East tensions. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could see an upward adjustment of ₱2.50 to ₱3.20 per liter, with...
The market is on edge due to the recent geopolitical tensions between Iran and Israel, prompting the Philippines to brace for potential price increases at gas pumps next week. Jetti Petroleum has indicated that the escalating conflict could impact the supply and transportation of crude oil...
Recognizing that the ongoing tensions between Israel and Iran would eventually hit oil prices, President Marcos said fuel subsidies will be given to those who will be heavily affected. The government, Marcos said, will replicate what it did during the Covid-19 pandemic, where fuel subsidies were...
Motorists will need to tighten their belts once more as fuel prices are set to increase this week. Effective Tuesday, June 17, gasoline and diesel prices will both inch up by ₱1.80 per liter, while kerosene will go up by ₱1.50 per liter. These adjustments have been announced by Shell Pilipinas,...
Minimum wage adjustments remain possible through ongoing assessments by regional wage boards, even after Congress adjourned without passing the proposed legislated increase, the Department of Labor and Employment (DOLE) said. DOLE Undersecretary Benjo Benavidez said the Regional Tripartite Wage...
HONG KONG — Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by $3.93, or 5.8 percent, to $71.97 per barrel. Brent crude, the international...
Senators hit back at accusations made by House of Representatives Spokesperson Princess Abante, claiming the Senate “killed” the proposed P200 daily minimum wage hike, saying it was the lower chamber’s delays and last-minute actions that doomed the measure. Senator Joel Villanueva, chair of...
Malacañang rejected accusations that President Marcos is obstructing the P200 legislated wage hike currently pending in Congress, saying he respects the ongoing deliberations and supports what is best for Filipino workers. Communications Undersecretary Claire Castro said this after Kabataan...
Motorists will need to brace themselves for another week of fuel price hikes. Based on the four-day trading in the Mean of Platts Singapore (MOPS), gasoline is expected to increase by around ₱0.90 to ₱1.4 per liter, while diesel is anticipated to rise by around ₱1 to ₱1.4 per liter....
