Economy
Brace yourselves, mga kababayan — fuel prices in the Philippines just hit record highs that will make your gas station receipts look like credit card bills. Energy Secretary Sharon Garin confirmed that diesel prices have surged to as high as P114 per liter starting March 17, marking what the Department of
Economy
The National Food Authority is pushing for temporary emergency powers that would let them sell rice straight to consumers — cutting out the middlemen and bringing the price down to just P33 per kilo. NFA Administrator Larry Lacson told reporters that the current system is too slow. Right now, NFA can
Economy
Brace yourselves, commuters — the LTFRB just greenlit fare increases across nearly all public utility vehicles in the country, and it's hitting everything from jeepneys to Grab rides. LTFRB Chairman Vigor Mendoza announced the decision on Tuesday, saying the board needed to balance the welfare of millions of commuters
Economy
The Philippines is now looking at a once-unthinkable option: buying oil from Russia. Petron CEO Ramon Ang confirmed to AFP that the country's sole oil refiner is "in talks" to potentially purchase Russian crude, as the war-driven fuel crisis pushes the government to explore every possible
Economy
In a decisive move amid the worst oil crisis in Philippine history, the House of Representatives has overwhelmingly approved a bill that would give President Ferdinand Marcos Jr. the power to suspend or reduce excise taxes on fuel products. A total of 247 lawmakers voted in favor, with only three
Economy
Good news for tricycle drivers in Metro Manila — the Department of Social Welfare and Development (DSWD) and the Department of Transportation (DOTr) are rolling out ₱5,000 cash assistance starting tomorrow, March 17. Around 139,000 tricycle drivers in the National Capital Region are eligible for the fuel subsidy program.
Economy
Mag-full tank na kayo today kung kaya — kasi grabe ang price hike na parating this week. The Department of Energy just announced projected fuel price adjustments for March 17–23, and the numbers are enough to make anyone's wallet cry. Here's the damage: diesel is expected
Nation
Brace yourselves, commuters — the Land Transportation Franchising and Regulatory Board (LTFRB) has officially confirmed that fare hikes for jeepneys and buses are a go. LTFRB Chairperson Vigor Mendoza announced that the exact amounts will be revealed on Tuesday after getting approval from Department of Transportation Secretary Giovanni Lopez. "Yung
Nation
The Philippine National Police is cracking down on gas stations that suddenly shut their doors amid the ongoing fuel price crisis — and they're not buying excuses. PNP chief General Jose Melencio Nartatez Jr. said in a statement on Sunday that while they understand the pressures gas station operators
Economy
The International Energy Agency (IEA) has announced that strategic oil reserves will be released "immediately" in Asia and Oceania, with reserves in the Americas and Europe to follow by end of March. It's the largest emergency oil release in IEA history — and it directly affects fuel
Economy
Your electricity bill could jump by as much as 16 percent come April — and the government knows it. Energy Secretary Sharon Garin told Reuters on March 13 that without intervention, Filipino households are staring down a massive spike in power costs driven by skyrocketing LNG prices and shipping disruptions in
Nation
Bad news for commuters — the Land Transportation Franchising and Regulatory Board (LTFRB) has officially approved fare increases for jeepneys and buses. The exact amounts will be announced on Tuesday after the agency justifies them to Department of Transportation Secretary Giovanni Lopez. LTFRB Chairperson Vigor Mendoza confirmed the fare hike in