Economy
Filipino motorists are bracing for yet another brutal week at the pumps as oil companies roll out double-digit price increases starting Tuesday, March 10 — marking the ninth consecutive week of gasoline hikes and the 11th straight for diesel and kerosene. According to the Department of Energy (DOE), gasoline prices are
Economy
The Department of Energy ain't playing around. As fuel prices skyrocketed starting today, March 10, the DOE has issued show-cause orders against 54 gasoline stations across the Philippines for allegedly jacking up prices ahead of schedule and without proper justification. Presidential Communications Office Undersecretary Claire Castro confirmed the
Economy
If you thought fuel prices were already masakit sa bulsa, brace yourself — the Department of Energy just announced the biggest weekly price hike yet. Starting Tuesday, March 10, gasoline will go up by as much as P10.20 per liter, diesel by a staggering P24.25 per liter, and kerosene
Economy
Monday was absolutely brutal for Philippine financial markets. The PSEi crashed nearly 5 percent — shedding 314 points to close at 6,006.22 — its lowest level in five months. Every single one of the 30 blue-chip stocks ended in the red, a full wipeout that left investors reeling. The peso
Economy
The Department of Energy isn't playing around. Energy Secretary Sharon Garin announced that the DOE has issued show-cause orders against 55 gas stations across the country for allegedly ignoring the government's staggered fuel price increase scheme — a system designed to soften the blow of what could
Economy
The Department of Transportation is deploying P3.5 billion worth of subsidies to cushion the blow of skyrocketing fuel prices on everyday commuters. Acting Transportation Secretary Giovanni Lopez confirmed that free rides will return to select bus routes — including the EDSA busway — while fuel vouchers worth up to P10,000
Economy
Brace yourselves, mga kababayan — oil prices just went through the roof. On Monday, crude oil surged past $119 per barrel, hitting levels not seen since mid-2022, as the expanding U.S.-Israeli conflict with Iran continues to choke global oil supply through the Strait of Hormuz. Brent crude futures spiked
Nation
With fuel prices going through the roof thanks to the Middle East crisis, the provincial government of Oriental Mindoro is taking drastic steps — starting Monday, March 9, all employees at the provincial capitol are switching to a four-day work week. Governor Humerlito "Dolor" Dolor signed Executive Order No.
Economy
The global oil crisis just got worse. A week after the US and Israel launched major strikes against Iran — sparking an all-out war that's now engulfed nearly every country in the Middle East — crude oil prices have blasted past $90 a barrel with zero signs of cooling down.
Politics
President Ferdinand Marcos Jr. is making a major move to ease the pain at the pump. The Palace confirmed that Marcos will formally ask Congress to grant him emergency powers allowing him to temporarily reduce the excise tax on petroleum products — a step that could bring some much-needed relief to
Economy
The Department of Energy has slapped show cause orders on 54 gasoline stations caught allegedly jacking up their prices amid the ongoing Middle East crisis. Palace Press Officer Undersecretary Claire Castro broke the news while traveling with President Marcos during his work visit to the United States. Castro didn'
Economy
Kung akala mo mahal na ang gas ngayon, wait mo lang Monday. The Philippine energy market is bracing for what could be the biggest single fuel price increase in the country's history, driven by the escalating Middle East conflict that's sending global oil benchmarks through the