Tag: #oil price hikes
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Gatchalian calls out DILG, LGUs over delays of tricycle drivers’ Pantawid Pasada
Senator Sherwin Gatchalian on Friday, July 1 criticized the Department of Interior and Local Government (DILG) and local government units (LGUs) over the long delay in the distribution of fuel subsidy to tricycle drivers which stemmed from the inaccuracy of beneficiaries’ names submitted to the Land Transportation Franchising and Regulatory Board (LTFRB).
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Poe: Sluggish gov't response has pushed transportation sector to the edge
Senator Grace Poe on Tuesday, June 7 said months of sluggish government response has pushed the oil-hit transportation sector to the edge.
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Bautista: Hoarding of supplies could propel further oil price hikes
Senatorial candidate Herbert “Bistek” Bautista on Thursday urged the public to brace for a continued surge in fuel prices as suppliers are likely to hoard stocks to push prices up.
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DILG urges LGUs to reactivate price control councils amid oil price hikes
The Department of the Interior and Local Government-Cordillera Administrative Region (DILG-CAR) urged its local government units (LGUs) to reactivate their respective Local Price Coordinating Council (LPCC) to prevent any businessmen from taking advantage of the oil price hikes to the prices of basic goods and services.
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Farmers demand removal of taxes on oil amid price hike
Peasant group Kilusang Magbubukid ng Pilipinas (KMP) urged President Rodrigo Duterte to issue an Executive Order (EO), directing the removal of taxes on major oil products amid the price hike.
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Drilon: Next administration faces a ‘perfect economic storm’
Senate Minority Leader Franklin Drilon on Wednesday said the next administration is bound to face a “perfect economic storm” with the ongoing record-high budget deficit and high prices of fuel products caused by the crisis between Russia and Ukraine as well as a ballooning debt.
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Petron buy back can help mitigate oil price hike amid Russia-Ukraine conflict—Bautista
Senatorial candidate Herbert “Bistek” Bautista on Monday said buying back Petron from San Miguel Corp. would help foster competition and provide a vehicle for subsidies which the government needs to ensure to mitigate the impact of an oil price surge as tension between Russia and Ukraine escalates.
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Gatchalian calls on gov’t to cushion impact of oil price hikes
Senator Sherwin Gatchalian on Friday called on the government to formulate measures aimed at cushioning the possible impact of the conflict between Russia and Ukraine on the country’s oil prices.
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Pacquiao backs special session on passage of moratorium for excise tax on fuel
Sen. Manny Pacquiao, presidential candidate of PROMDI Party and PDP-Laban (Pimentel Wing), is willing to cancel sorties and other campaign operations to join a special session of Congress for the enactment of a bill that would propose the reduction or suspension of excise taxes on fuel.
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Imee to Gov’t: Find a longer-term solution to rising crude oil prices
Senator Imee Marcos on Monday, Feb. 21 urged the government to find a longer-term solution to rising crude oil prices that would render fuel subsidies for public utility vehicle (PUV) drivers, farmers, and fisherfolk inadequate.
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Bautista says Petron buy back will help temper fuel price hikes
Senatorial candidate and former Quezon City mayor Herbert “Bistek” Bautista on Wednesday backed calls proposing that the national government buy back Petron Corporation to help temper fuel price increases in the country.
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Gov’t grants P1-B fuel subsidy to PUVs
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices.
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Opposition leader backs proposal allowing DOE to suspend excise tax on fuel
An opposition leader in the House of Representatives welcomed on Wednesday, Oct. 20 the recommendation of Energy Secretary Alfonso Cusi to grant his department authority to suspend taxes on fuel to address rampaging increase in prices.
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Gatchalian bats for reactivation of Pantawid Pasada program
Senator Sherwin Gatchalian on Thursday, Oct. 14 urged the government to reactivate the government’s fuel subsidy program, Pantawid Pasada Program, to provide relief to the public transport sector that would be affected by the recent oil price increases.
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House official demands transparency in 'weekly' oil price adjustments
Unabated rise in oil prices, including the next round that will take effect this week, has worsened the adverse economic effects of the 2019 novel coronavirus disease (COVID-19) pandemic to Filipino families.