Wednesday, May 20, 2026
Today's Print

Tag: oil price hikes

Fuel tax pause should not affect education, health projects

The proposed suspension of excise taxes on petroleum products should not undermine government funding for essential programs, Senator Sherwin Gatchalian asserted on Thursday.  The lawmaker...

PNP to guard fuel subsidy rollout in some areas

Philippine National Police (PNP) chief Gen. Jose Melencio Nartatez Jr. directed commanders of territorial units Thursday to coordinate with concerned government agencies in relation...

Oil tops $100 as Iran attacks offset IEA stockpile release

Hong Kong, China—Oil soared above $100 and stocks sank Thursday as Iran's fresh attempts to hit supplies in the Middle East and threats to bring...

Air New Zealand cuts 1,100 flights over fuel price fears

Wellington, New Zealand—New Zealand's national airline said Thursday it would cancel 1,100 flights over the next two months, pointing to the impact of the war...

Palace appeals for calm amid oil price hikes

Malacañang on Tuesday urged the public to avoid panic buying of fuel and basic commodities amid concerns about price increases linked to ongoing tensions...

Asian economies move to limit Mideast war impact

Manila, Philippines—Faced with soaring prices and disruptions to their oil and gas supplies, Asian countries heavily dependent on fossil fuels from the war-struck Gulf are...

House leaders file bill letting PBBM suspend fuel excise taxes

House Speaker Faustino ‘Bojie’ Dy III and Majority Leader Ferdinand Alexander ‘Sandro’ Marcos on Monday filed a bill authorizing President Ferdinand Marcos Jr. to...

Oil prices hit highest jump yet

OIL firms will implement historic high increases in fuel prices of as much as P24.25 per liter for diesel and P38.50 per liter for...

A history of oil price swings this century

London, United Kingdom—The price of the US benchmark WTI oil contract topping $100 after the United States launched a military attack against major crude producer...

Filipinos race to fill tanks ahead of petrol price jump

Manila, Philippines—Queues formed at Philippine petrol stations and officials warned against hoarding Monday as residents raced to fill their tanks ahead of an expected surge...

Trump defends Iran war decision as oil soars above $100

New York, United States—Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling...

DOE to 55 erring gas stations: Explain jacked up prices

The Department of Energy (DOE) has issued show-cause orders to a total of 55 gasoline stations following reports that they raised fuel prices without...

Panic buying on fuel: Gas stations shutter

Ships also raise fares 30%; DOE in surprise inspections Some gasoline stations across the country began running out of fuel on Sunday as panicked motorists...

PBBM orders 4-day workweek in gov’t offices

President Ferdinand "Bongbong" Marcos Jr. on Friday ordered the temporary implementation of a four-day workweek in selected executive branch offices starting Monday, March 9, as...
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