The expected lifting or reduction of excise taxes on petroleum products must take effect swiftly, or right after President Marcos greenlights it via an executive order (EO). Marikina City 2nd district Rep. Miro Quimbo, presiding officer of the Legislative Energy Action Development (LEAD) Council,...
The collapse of peace talks between the United States (US) and Iran over the weekend could hurt semiconductor manufacturers in Asia, including the Philippines, according to British banking giant Barclays. “A prolonged energy disruption could lead to a tail-risk scenario that hits semiconductor...
House Speaker Faustino "Bojie" Dy III has assured Filipinos that the executive and legislature continue to work together to mitigate the impact of elevated fuel prices resulting from geopolitical events. This, even as the House leader cited the big-time pump fuel price rollback scheduled for...
A major rollback in fuel prices is set to take effect on Tuesday, April 14, offering relief to consumers amid recent volatility in global oil markets, President Marcos announced. “Simula Martes, April 14, may malaking rollback sa presyo ng langis (Starting Tuesday, April 14, there will be a big...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
Why not use annual earnings from the Malampaya Deep Water Gas-to-Power Project to bankroll new critical coastal petroleum storage facilities under the Philippine National Oil Co. (PNOC)? House Minority Leader 4Ps Party-list Rep. Marcelino "Nonoy" Libanan made this suggestion on Sunday, April 12,...
The House leadership wants to institutionalize a national protection system that would ensure Filipinos are not left to bear the full burden of another fuel-driven crisis similar to what is currently happening. For this purpose, House Speaker Faustino "Bojie" Dy III and Majority Leader Sandro...
Senator Christopher “Bong” Go is batting for the temporary suspension in the payment of government contributions to various agencies even as Filipinos struggle to cope with elevated pump fuel prices. Among the agencies covered in Go 's proposal are the Philippine Health Insurance...
The House of Representatives is fast-tracking its legislative response to the problem of elevated fuel costs, with the all-encompassing measure expected to be ready once Congress resumes session on May 4. Such was the commitment of the Legislative Energy Action Development (LEAD) Council, a...
Motorists may finally see the start of fuel price easing, albeit slow, as final trading days point to the first double-digit rollback of the year. Based on a full week of trading on the Mean of Platts Singapore (MOPS), diesel prices are expected to drop by approximately ₱8.80 to ₱10.80 per...
In a time when rising fuel prices continue to burden ordinary Filipinos, a relatively low-key content creator is drawing widespread praise for a simple act of kindness. Arshie Larga, a vlogger-pharmacist known for his educational health content, recently extended fuel assistance to tricycle drivers...
Majority Leader Ilocos Norte 1st district Rep. Sandro Marcos is pressing for action regarding the House of Representatives ' earlier call for banks, remittance centers, and financial technology platforms to temporarily waive or reduce transaction fees to cushion the impact of rising costs....
