Filipino consumers will need to swallow a ‘very bitter pill’ when it comes to their fuel expenses this week, as the price of diesel products will be on historic astronomical rise of P13.15 per liter, as announced by the oil companies. Gasoline prices will also be increased by P7.10 per liter,...
A peasant group warned that nationwide hunger and food insecurity could worsen following the continuous oil price hikes in the Philippines. Kilusang Magbubukid ng Pilipinas (KMP), in a press statement on Monday, March 14, said that more Filipinos could go hungry as a result of the nonstop price...
Reelectionist Senator Richard J. Gordon has urged Filipinos to resort to fuel-saving measures considering the recent increases in oil prices. Gordon said that the government must also find ways to set aside stock of oil and gas as the Philippines is competing with other countries to get their...
With fuel prices expected to shoot up yet again, the government should immediately implement a temporary suspension of excise taxes on fuel products to cushion its impact on consumers, presidential candidate Senator Panfilo "Ping" Lacson said on Sunday. Lacson, standard bearer of Partido Reporma,...
Filipino consumers will brace for a "crucifying" historic "price shocks" next week as diesel prices will surge by P11.75 to P11.95 per liter while gasoline prices will equally be on astronomical rise of P7.10 to P7.30 per liter for RON95 gasoline; and P6.85 to P7.00 per liter for RON92 gasoline....
RIYADH, Saudi Arabia – A drone attack on an oil refinery in the Saudi capital caused a small fire but no disruption to supplies, officials said Friday, as crude prices soar after Russia's invasion of Ukraine. The act of "sabotage and terrorism" follows a series of similar attacks on Saudi...
Senator Christopher Lawrence “Bong” Go on Friday, March 11 said he supports proposals for a temporary moratorium on the collection of excise taxes on oil products to help Filipinos cope with the economic shocks as the Russia-Ukraine conflict drives up oil prices across the globe. Go emphasized...
The Department of Budget and Management (DBM) has released P3 billion to fund the government’s fuel subsidies for the public utility vehicle (PUV) and the agriculture sector. DBM Officer-in-Charge Undersecretary Tina Rose Marie L. Canda said on Thursday, March 10, that they released P2.5 billion...
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. KMP and Anakpawis Partylist leader Rafael Mariano, in a press statement on Thursday, March 10, said that...
Senatorial candidate Herbert “Bistek” Bautista on Thursday reiterated his push for the government to buy back oil firm Petron, saying this would serve as a means to lower oil prices down when these tend to go out of control due to some factors. According to Bautista, he has information that the...
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. “This is a...
Senator Panfilo "Ping" M. Lacson on Wednesday, March 9 reminded government authorities that there should be no room for corruption or administrative lapses in the distribution of fuel subsidies to sectors affected by the continued rise in oil prices. Lacson, who is running for President under...
