Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
The average income of a small fisherfolk who regularly consumes diesel plunged following the series of oil price hikes, a fisherfolk group said Sunday, Oct. 24. Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) said a...
The Philippines has conducted clinical studies to determine the efficacy of virgin coconut oil (VCO) as adjunct treatment against coronavirus disease (COVID-19). (MANILA BULLETIN FILE PHOTO ) Department of Science and Technology (DOST) Undersecretary for Research and Development (R&D) Dr....
As global oil prices considerably settled at $85 per barrel, higher oil prices will reign again at Philippine petroleum pumps in this coming week. As calculated by the oil companies, the price of regular gasoline will be increased by P1.05 to P1.15 per liter; while the higher grade gasoline...
Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy (DOE) can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22. (File photo / MANILA BULLETIN) DOE Assistant Secretary Gerardo Erguiza...
Aside from planning to temporarily stop the collection of excise taxes, the Department of Energy (DOE) is also studying the possibility of suspending the imposition of value added taxes (VAT) for petroleum products. If the pass on of 12-percent VAT -- which is another layer of taxes enforced on...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
The Department of Science and Technology (DOST) is set to conduct a study seeking to explore whether or not the virgin coconut oil (VCO), known for its antiviral and antimicrobial properties can prevent coronavirus disease (COVID-19). (MANILA BULLETIN FILE PHOTO) DOST-Philippine Council for Health...
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. Gasoline pump picture Deputy Minority Leader and Bayan Muna...
With global oil prices hitting multi-year high of US$85 per barrel and traders already betting on a $200 per barrel oil, the Department of Energy (DOE) is pushing for the issuance of an Executive Order (EO) by the President so excise taxes on petroleum products could be temporarily suspended....
The Department of Energy (DOE) is seeking the temporary suspension of the imposition of excise tax on fuel as oil price continues to soar in the past several months. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) DOE Secretary Alfonso Cusi said Wednesday, Oct. 20, that he wants it suspended during...
The financial burden of consumers on their fuel needs will rise anew by significant amount this week, with gasoline prices increasing by P1.80 per liter, as announced by the oil companies. The price of diesel products will also be on uptrend to the tune of P1.50 per liter; while kerosene products...
