The Philippines faces difficulty bringing inflation back within target as a strengthening El Niño threatens to damage crops and push food prices higher, with the country already posting the highest inflation rate in the region, according to Moody’s Analytics. In an Aug. 7 report, Moody’s...
Motorists are on track for a second consecutive week of relief at the pump, with local fuel prices projected to fall by as much as ₱5 per liter as diplomatic movements in the Middle East pull down global crude benchmark rates. Based on four-day trading averages from the Mean of Platts Singapore...
Malacañang said that the P12-per-liter fuel discount for public utility vehicle (PUV) drivers will continue as long as the transport sector needs government assistance amid the impact of higher fuel prices. In a press briefing on Thursday, Aug. 6, Presidential Communications Office (PCO)...
The government will increase the fuel discount for jeepney and UV Express drivers to P12 per liter starting Aug. 15 as part of efforts to cushion the transport sector from the impact of tensions in the Middle East, Malacañang announced. The higher discount, ordered by President Marcos, will allow...
The government attributed the easing of inflation in July to lower transport costs, improving supply conditions, and sustained interventions, even as officials vowed to continue measures aimed at stabilizing food prices and shielding vulnerable households from rising living costs. The Philippine...
Top officials of the Land Transportation Franchising and Regulatory Board (LTFRB) have started the deliberation on all the fare hike petitions amid concerns on the operational costs in running public utility vehicles (PUVs) over the series of big-time oil price hikes in the past five weeks. Initial...
President Marcos has defended his administration 's handling of the economic fallout from the conflict in the Middle East, saying the government responded quickly to protect Filipinos and mitigate the crisis ' effects. In his fifth State of the Nation Address (SONA) on Monday, July 27,...
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
Transport group Manibela’s two‑day strike rolled into its second day Thursday, July 23, as leaders weighed pushing the protest until Friday, July 24. Members began massing at the Philcoa strike center in Quezon City before 6 a.m., while demonstrations continued at more than 10 strike hubs...
The Land Transportation Franchising and Regulatory Board (LTFRB) assured transport groups that it will review all the pending petitions for fare hike amid the increasing operational costs for public utility vehicles that include the surge in the price of petroleum products. LTFRB chairman Vigor D....
Transport group Manibela began its two-day nationwide transport strike on Wednesday, July 22, to protest the latest double-digit fuel price increases and push for a P2 increase in the minimum jeepney fare. Manibela said its drivers stopped operations at 5 a.m., while members began gathering at...
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
