According to the Department of Energy’s Oil Industry Management Bureau (OIMB), some events across the globe have caused a dip in fuel prices hence we can expect a huge rollback next week. During CNN Philippines’ New Day on Wednesday, the local agency said that global fuel prices have dropped. One of the main reasons is […]
Last Monday, presidential aspirant Senator Ping Lacson called for the suspension of excise tax on fuel. The Department of Finance (DOF) has finally answered, rejecting the idea of suspending fuel excise tax despite the non-stop price hike for several weeks now. A day after Senator Ping Lacson’s proposal, DOF Undersecretary Paola Alvarez told the media […]
Just when you thought that fuel prices have already gone through the roof, another huge increase is set to take effect tomorrow, March 15. The price of gasoline will increase by Php 7.1 per liter while diesel will increase by as much as Php 13.15 per liter. So far, only Caltex and Cleanfuel have made […]
Presidential aspirant Senator Ping Lacson wants to suspend the excise tax on fuel products as another big-time oil price hike is just around the corner. “Another round of price hikes in fuel is expected this week and this time, the increases are unprecedented. The Mean of Platts Singapore (MOPS) reference price for refined petroleum products […]
Fuel prices have been increasing for the 10th consecutive week now. To address the problem, President Rodrigo Duterte ordered five associated government agencies to do whatever they can to ease the soaring fuel prices. Government agencies such as National Economic and Development Authority (NEDA), Department of Energy (DOE), Department of Trade and Industry (DTI), Department of Finance […]
In an effort to aid those most affected by the rapidly-rising gas prices, the Department of Budget and Management (DBM) has released Php 5.5 billion in a subsidy program covering Public Utility Vehicles and automobiles serving in the agricultural sector. Different policies will be enacted upon these 2 groups, but the goal remains the same: […]
After consecutive weeks of fuel price increases worldwide, it seems that consumers will now see a price drop. This is because of the open support of the United Arab Emirates (UAE) on increasing fuel production. In fact, after this statement released by the OPEC (Organization of the Petroleum Exporting Countries) member, international benchmark Brent Crude […]
Fuel prices have been increasing for the 10th consecutive week now and they are expected to increase even further in the upcoming weeks. At the rate fuel prices are increasing, you might be wondering if prices are still reasonable. From the effects of the Russia-Ukraine war, global gas shortage, and the Philippine oil deregulation law: […]
It seems that the increase on fuel prices will not be stopping any time soon. Unioil Petroleum Philippines has said on Saturday that oil companies are going to raise prices again starting next week. In its report, Unioil has estimated that diesel price may go up by P5.40 to P5.50 per liter and gasoline price may […]
Loading up fuel may seem like a no-brainer task, you just go to your nearest fuel station and choose whatever fuel you want — as long as you don’t mix up unleaded with diesel or vice versa. This works all the time, so why the need to complicate such a simple thing, right? Well, there’s […]