Senator Francis “Chiz” Escudero on Sunday, March 8 urged private companies to consider adopting Malacañang-backed four-day onsite workweek or implement a staggered work-hour schemes to help cushion the impact of fuel price hikes. The senator made the call as the country reels over the broader...
The government will remain vigilant and proactive in preparing for the possible effects of the ongoing conflict in the Middle East, Malacañang said Saturday evening, March 7. In a statement, Presidential Communications Office (PCO) Undersecretary Claire Castro said President Marcos has directed...
Senator Sherwin Gatchalian believes that the Philippines could struggle to hit its 5 percent economic growth target this year due to lingering domestic challenges and the escalating tensions in the Middle East. In a radio interview with Usapang Senado over DWIZ on Saturday, March 7, Gatchalian was...
Vice President Sara Duterte on Saturday, March 7, suggested that Filipinos use bicycles or practice carpooling as one of the measures to adapt to the impact of the significant oil price hike brought about by the conflict in the Middle East. Duterte said many people are now worried about the...
At least two senators have filed the measure seeking to grant President Ferdinand “Bongbong” Marcos Jr. the authority to suspend or reduce fuel excise tax in response to the Middle East conflict. Sen. Joel Villanueva filed Senate Bill No. 1922, which authorizes the President, upon the...
Senator Francis “Chiz” Escudero on Tuesday, March 3, urged the Department of Energy (DOE) to put in place a mechanism that would help cushion the possible impact of the Middle East tension on the prices of petroleum products in the country. Escudero pointed this out as the escalating tension in...
Senator Joseph Victor “JV” Ejercito on Monday, March 2 called on lawmakers to expedite the passage of the bill mandating the automatic suspension of excise taxes on petroleum products. Ejercito made the call in light of the ongoing conflicts in the Middle East involving the United States,...
Senators urged the government on Sunday, March 1, to help keep oil prices in check following the United States and Israel’s attack on Iran. Senator Francis “Kiko” Pangilinan said the government should exhaust all efforts at keeping oil prices at bay as geo-political tensions in the Middle...
Oil prices are set to rise next week, driven by stronger global demand, seasonal maintenance at downstream facilities, and the recent conclusion of the United States (US) government shutdown. Based on the four-day Mean of Platts Singapore (MOPS) average, gasoline prices are projected to increase by...
Motorists are bracing for yet another increase in fuel costs this week as global supply constraints and sustained demand push local pump prices higher for the fifth consecutive week for gasoline. Fuel retailers on Monday, Nov. 3, announced price adjustments, with gasoline rising by ₱1.7 per...
Motorists will be hit with a big-time fuel price hike this week on the back of mounting global supply concerns driven by new sanctions on Russian oil giants and the prospect of increased worldwide demand. Effective Tuesday, Oct. 28, gasoline will increase by ₱1.20 per liter, while diesel will...
After a short break from rising costs, motorists should get ready for another jump in oil prices next week, as new global problems and sanctions on Russian oil push up the cost of crude. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel could get an increase of around...
