President Marcos has certified as urgent a bill authorizing the president to suspend or reduce excise taxes on petroleum products during national or global economic emergencies. In a letter dated March 12 addressed to House Speaker Faustino Dy III, Marcos said the immediate enactment of House Bill...
The government has no plans to borrow from international lending institutions to fund its response to the ongoing crisis in the Middle East, Malacañang said. In a press briefing, Presidential Communications Office (PCO) Undersecretary Claire Castro said the government currently has sufficient...
About 139,000 tricycle drivers in Metro Manila will receive a P5,000 cash subsidy from the government to help offset the impact of rising fuel prices, the Department of Social Welfare and Development (DSWD) announced on Thursday, March 12. DSWD Secretary Rex Gatchalian said the distribution will...
PARIS (AP) — A group representing many of the world 's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz....
By JAYFERSON COMITAN For Jerry Capino, a jeepney driver, the surging prices of diesel and oil products means a lot of belt-tightening measures, including splitting his meal in half to cope with the crisis. “’Yung isang pirasong isda na tilapia, iyon na lang ang ulam ko. Kalahati sa umaga,...
BACOLOD CITY – This highly-urbanized city will form a monitoring team to oversee all gas stations as fuel prices continue to rise due to the overseas conflict. This was discussed during an alignment meeting led by City Administrator Mark Mayo attended by Mayor Greg Gasataya at the Bacolod City...
BAGUIO CITY – The city government said Wednesday that gasoline stations here are generally compliant with measures against overpricing and hoarding of fuel. Darryl Kim Longid, head of the city’s Public Order and Safety Division, in a video statement posted by the Public Information Office, said...
BACOLOD CITY – The Bacolod City Police Office (BCPO) is heightening its alert on the possible increase in crimes against property as a result of rising fuel prices. “We are crafting action plans in case of domino effect. Looting, theft, and robbery cases might increase. The Philippine National...
Around 14,000 transport drivers in Manila are set to receive a P5,000 fuel subsidy, as part of the national government’s assistance program for sectors affected by the ongoing global oil crisis. Manila Mayor Francisco "Isko Moreno" Domagoso said the beneficiaries in the city include about 13,000...
The Department of Energy (DOE) has proposed allowing limited imports of biofuels to help lower gasoline pump prices amid rising global oil costs. During a Senate Committee on Energy hearing, Energy Secretary Sharon Garin said the country still has a sufficient supply of refined products such as...
President Marcos has ordered the immediate distribution of a P5,000 fuel subsidy for public utility drivers affected by rising oil prices amid ongoing tensions and conflict in the Middle East. Executive Secretary Ralph Recto said the financial assistance will be distributed starting next week to...
President Marcos said he would certify as urgent a proposed emergency powers bill aimed at enabling the government to respond quickly to spikes in global oil prices brought about by the tension in the Middle East. Speaking to reporters in New York on Tuesday, March 10 (New York time), the President...
