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...
The Department of Science and Technology (DOST) said Sunday, Oct. 17, that the results of the virgin coconut oil (VCO) trial at Philippine General Hospital (PGH) which aims to determine the safety and efficacy of VCO as adjunctive therapy for coronavirus disease (COVID-19) cases may be out by end...
The government is expecting P492.4 billion worth of investments if the oil and gas service contracts (SCs) to be awarded under the Philippine Conventional Energy Contracting Program (PCECP) designed by the Duterte administration will eventually reach commercial development and production phases....
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. Gatchalian said it is important to shield...
With recovery in oil demand, the country’s total oil import bill in the first half this year significantly climbed by 55.9-percent to $4.795 billion from a leaner $3.075 billion in the same period in 2020. In a report released by the Department of Energy (DOE), it specified that one key factor...
The Land Transportation Franchising and Regulatory Board (LTFRB) said it will review the fare hike petitions to be submitted by transport groups amid the rise in fuel costs as holiday season nears. (ALVIN KASIBAN / MANILA BULLETIN FILE PHOTO) "Kung sakaling mareceive ng aming opisina ang request...
The lingering price hike in oil and other petroleum products may persist up until the end of the year or in the first quarter of 2022 due to still limited supply of energy, an official of the Department of Energy (DOE) said Tuesday, Oct. 12. DOE-Oil Industry Management Bureau Director Rino Abad...
