oil prices Archives - Page 2 of 30

Middle East tensions affect PH exports, packaging costs

Rising freight and packaging expenses alongside disrupted shipping routes are complicating Philippine exports and consumer prices, industry leaders said Thursday. Association of International Shipping Lines...

Palace: Oil excise tax cut still under review

Malacañang said Thursday that the government has yet to determine how much excise tax on petroleum products may be reduced or whether it will...

BSP raises 2026 inflation forecast to 5.1% on oil risks

The Bangko Sentral ng Pilipinas (BSP) raised its inflation projections for 2026 and 2027 following an off-cycle policy meeting on Thursday, citing the domestic...

Middle East conflict could slash Asia growth by 1.3 percent, ADB says

A prolonged conflict in the Middle East could reduce economic growth in developing Asia and the Pacific by up to 1.3 percentage points over...

Poe backs fuel tax relief, pushes long-term energy reforms

Urging a shift toward a more resilient energy system, a lawmaker said temporary measures such as suspending fuel excise taxes can help cushion the...

Shipping disruptions amid ME conflict increase food costs, delivery times—ADB

An analysis by the Asian Development Bank (ADB) indicates that disruptions to shipping routes have already increased food costs and delivery times. “Supply risks extend...

PBBM rolls out nationwide fuel subsidy program

PRESIDENT Ferdinand Marcos Jr. on Tuesday rolled out the nationwide fuel subsidy program for public utility vehicles (PUVs) in a bid to cushion the...

On tenterhooks

AS NEVER before, the world today is on tenterhooks as the clock ticks closer to 23:44 Greenwich Mean Time Monday or 7:44 AM Philippine...

Oil from India to bolster local reserves — DOE

The Department of Energy (DOE) said it is firming up oil supply from India to bolster the country’s reserves as the Middle East conflict...

Israel PM: War with Iran ‘could finish sooner’

JERUSALEM -- Israel launched a new wave of strikes on Tehran on Friday after Prime Minister Benjamin Netanyahu said Iran was being "decimated", and...

Oil prices soar; Iran hits Qatar, Saudi, Kuwait energy facilities

Energy prices soared and stocks sank Thursday as Iran attacked several Gulf energy facilities and warned of more in retaliation for a strike on...

The Mideast crisis and its impact on the PH

The current tension in the Middle East will impact on the Philippine economy in 2026 in three ways, according to experts: (1) oil prices...

Metro Manila drivers express gratitude for P5k subsidy

Thousands of tricycle drivers across Metro Manila expressed their gratitude after receiving P5,000 in cash relief assistance amid the continued increase in crude oil...

Peso hits record low at P60.10 to $1

Analyst fears oil shortage; gov’t boosts reserve The Philippine peso plummeted to a new record low of 60.10 against the US dollar Thursday, losing 58...

Tag: oil prices

Middle East tensions affect PH exports, packaging costs

Palace: Oil excise tax cut still under review

BSP raises 2026 inflation forecast to 5.1% on oil risks

Middle East conflict could slash Asia growth by 1.3 percent, ADB says

Poe backs fuel tax relief, pushes long-term energy reforms

Shipping disruptions amid ME conflict increase food costs, delivery times—ADB

PBBM rolls out nationwide fuel subsidy program

On tenterhooks

Oil from India to bolster local reserves — DOE

Israel PM: War with Iran ‘could finish sooner’

Oil prices soar; Iran hits Qatar, Saudi, Kuwait energy facilities

The Mideast crisis and its impact on the PH

Metro Manila drivers express gratitude for P5k subsidy

Peso hits record low at P60.10 to $1

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