Motorists will need to brace themselves for the first week of August, as fuel prices are set to rise. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could see a potential increase of more or less ₱1.50 per liter, while diesel may see a ₱1 spike. Kerosene, on the other hand,...
BACOLOD CITY – The Department of Trade and Industry (DTI) here imposed a 60-day price freeze on basic necessities in Negros Occidental, which has been placed under a state of calamity due to the effects of tropical cyclone ‘’Crising’’ and the outbreak of the red-striped soft scale insect...
Despite a slight drop in gasoline prices, diesel is expected to edge higher toward the end of July. Starting Tuesday, July 29, gasoline prices will be down by ₱0.10 per liter, while diesel will increase by ₱0.60 per liter. Kerosene prices will also jump by ₱0.40 per liter. Seaoil, Petro Gazz,...
Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
Despite an expected onslaught of typhoons in the third quarter, the Philippine Statistics Authority (PSA) anticipates that consumer prices, particularly for rice, will continue to decline, but weather disturbances are expected to drive up vegetable costs. “Certain items, such as vegetables, are...
Driven by rising demand and tightening supply, oil prices are expected to rise again next week. Based on the four-day Mean of Platts Singapore (MOPS) and the forex average, gasoline could go up somewhere between ₱0.30 and ₱0.50 per liter, while diesel may increase by ₱0.70 to ₱0.90 per...
The provincial government of Nueva Ecija vowed to continue its price support program to help farmers sell their produce at a higher price. Gov. Aurelio “Oyie” Matias Umali said during the Provincial Food Council (PFC) meeting in Palayan City on Tuesday that the program is a big help to palay...
Motorists will need to tighten their belts for another round of increased prices at the gas pumps. Effective Tuesday, July 15, gasoline will go up by ₱0.70 per liter, and kerosene will rise by ₱0.80 per liter. Diesel is also seen to climb by ₱1.40 per liter. Shell, Seaoil, CleanFuel,...
After two consecutive weeks of rollbacks, fuel prices are set to increase next week, driven by concerns over global supply and demand. Based on four-day trading in the Mean of Platts Singapore (MOPS), gasoline could rise by ₱0.50 to ₱0.80 per liter, while diesel may see an increase of ₱0.60...
Pump prices are expected to drop next week, by as much as one peso for gasoline, as benchmark oil prices decline with the easing of tension in the Middle East, as well as prospects of higher output from the Organization of Petroleum Exporting Countries (OPEC) cartel. According to Director Rino E....
Malacañang vowed to go after rice traders using the government’s P20 per kilo rice program to justify buying palay at unreasonably low prices, saying the act could be considered economic sabotage. Communications Undersecretary Claire Castro said this following reports that some traders have...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice to ₱43 per kilo from the current ₱45, over one week after the plan was postponed due to tensions in the Middle East. In two weeks, specifically on July 16, the new price cap on five percent...
