Tuesday, July 29, 2025
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Tag: oil products

Police seize illegal oil products in Surigao

Authorities seized an estimated P332,000 worth of illegal petroleum products during an operation in Barangay Mabuhay, Del Carmen, Surigao del Norte. Police Colonel Nilo Texon,...

Diokno: Fuel VAT, excise tax suspension to hurt economy

Finance Secretary Benjamin Diokno on Tuesday described proposals to suspend the value-added tax and the excise tax on petroleum products as short sighted and...

New price cuts on oil products loom next week

Motorists can expect another rollback in pump prices in the coming week, Oil Industry Management Bureau Director Rino Abad confirmed Friday. Abad said there is...

Weaker global demand cuts prices across oil products

The country’s oil firms cut pump prices by as much as P1.70 per liter effective today to reflect the movement of prices in the...

Fuel rollback next week, power rate cut in August

Consumers can expect a price rollback of more than P1 per liter across all oil products next week due to the softening of global...

Solon still keen on suspension of excise taxes on oil products

A congressional leader on Wednesday vowed to pursue his proposal to suspend excise taxes on diesel, gasoline, cooking gas, and other oil products in...

Pacquiao urges Du30 to call for special session

PROMDI presidential aspirant Sen. Manny Pacquiao urged President Duterte to immediately call for a special session of Congress to address the soaring prices of...

Defensor calls for support of oil taxes bill

Rep. Mike Defensor of Anakalusugan party-list on Thursday urged leaders of Congress to recommend to President Duterte the calling of the legislature to a...

Bongbong, Isko propose ways to blunt oil impact

Two presidential candidates on Thursday proposed measures to blunt the impact of rising oil prices on Filipinos. Partido Federal ng Pilipinas standard-bearer Ferdinand “Bongbong” Marcos,...

Marcos pushes VAT freeze on oil products

The lingering economic difficulties that arose from  the Covid-19 pandemic has prompted  Senator  Imee Marcos on Tuesday to  call for a one-year suspension of...

NY shocker: Price hikes bared

Consumers can expect to pay more for their cooking gas and face even more price shocks as new excise taxes on oil products kick...

Gov’t raising excise tax on oil products in 2020

Excise taxes on petroleum products will further increase in January 2020 in the third year of the implementation of the Tax Reform for Acceleration...
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