Motorists brace for another hefty round of oil price hikes as fuel retailers announced adjustments effective Tuesday, Oct. 15. Several major oil companies, including Shell, Seaoil, CleanFuel, and Caltex, have announced that gasoline prices will increase by P2.65 per liter, while diesel and kerosene...
The Manila Electric Company (Meralco) has announced a reduction in electricity rates for October, while motorists should prepare for significant increases in fuel prices next week. Meralco said that electricity rates will decrease by P0.3587 per kilowatt-hour (kWh), bringing the overall cost for a...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
Puregold Price Club, Inc. reinforces its commitment to inclusive growth and sustainable development through its social responsibility initiative, Pusong Panalo. The multichannel retailer has extended support to Laiban Elementary School in Tanay, Rizal. This recent effort marks a pivotal step...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has formed the quinta-committee (quinta-comm), which is tasked to investigate the interdependent issues of smuggling and price manipulation of basic goods and...
International logistics and shipping firm DHL Express announced upcoming price adjustments for its services in the Philippines, set to take effect next year. In a statement on Friday, Sept. 27, Nigel Lockett, DHL Express Philippines country manager, said the average price increase will be 5.9...
The Bureau of Internal Revenue (BIR) has lowered the government-mandated floor prices for tobacco and vape products. Based on the updated BIR floor prices, the minimum retail costs for cigarettes, heated tobacco products, and vaporized nicotine have decreased, while non-nicotine products will...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
A significant weight will be lifted off from consumers’ pockets this week, as the price of gasoline products will be on hefty reduction of P1.55 per liter; while diesel prices will also go down by P1.30 per liter. Kerosene, which is another commodity that is not just essential to household...
The Department of Energy (DOE) will allot a lead time of at least eight months as preparation time for the targeted bid submission of investors under the planned green energy auction (GEA) for offshore wind capacities by next year. According to Energy Undersecretary Rowena Cristina Guevara, the...
The Department of Trade and Industry (DTI) has issued 43 notices of violations (NOVs) to companies that did not comply with the mandated price freeze in the wake of Typhoon Carina and the southwest monsoon. In a statement on Wednesday, Aug. 21, DTI Acting Secretary Ma. Cristina A. Roque said that...
Puregold Price Club Inc. (PGOLD), the grocery retail business of billionaire Lucio Co, posted a 12.5 percent growth in consolidated net income to P4.95 billion for the first half of 2024 from P4.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
