Monday, May 4, 2026
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Tag: petroleum products

VAT relief pushed amid rising fuel prices

An estimated P14 billion windfall from value-added tax (VAT) collections on petroleum products can be redirected toward direct financial aid for Filipinos affected by...

Farmers allowed to use portable fuel containers

Agriculture Secretary Francisco Tiu Laurel Jr. assured farmers and fisherfolk they may continue purchasing petroleum products using portable containers following an update to distribution...

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...

Piston, Manibela threaten transport holiday on March 26 and 27

Two major transport groups on Monday threatened to stage a nationwide strike from March 26 to 27 – the Thursday and Friday before Holy...

PBBM waiting for Congress to send emergency powers bill

MALACAÑANG said on Monday that President Ferdinand Marcos Jr. is ready to sign the measure granting him emergency powers to suspend or reduce excise...

Marcos in ‘Balancing Act’ over use of fuel excise tax power

The Marcos administration’s move to adopt a wait-and-see stance on the issue of excise taxes on petroleum products underscores a delicate balancing act between...

House keen on letting Marcos cut excise taxes on fuel products

The House of Representatives has committed to pass a measure authorizing President Ferdinand Marcos Jr. to reduce excise taxes on petroleum products amid rising...

Philippine manufacturing output dipped 1.5% in November—PSA

Philippine manufacturing production contracted in November 2025 as significant declines in petroleum and beverages outweighed gains in other sectors, government data showed Tuesday. The volume...

Slower demand, inventories to push fuel prices lower — DOE

Consumers can expect a rollback in pump prices next week by as much as P1.50 per liter due to sluggish demand in Korea and...

DOE sees mixed movements of petroleum prices

THE Department of Energy (DOE) expects mixed movements in the prices of petroleum products next week with gasoline posting an increase of as much...

Oil price hike looms next week: P0.75/l

Consumers can expect another round of oil price hike next week by as much as P0.75 per liter across all petroleum products. The Department of...

DOE: Prices of oil products to move in ‘mixed’ directions

Movements in the prices of petroleum products in the local market are expected to be mixed next week, owing to broader world market's current...

Oil firms roll back prices by as much as P1.65 per liter

Oil firms cut pump prices for the second consecutive week by as much as P1.65 per liter effective 6am Tuesday due to slowdown in...

Mixed movement in fuel prices seen next week

Domestic prices of petroleum products are forecast to have a mixed movement next week, with diesel and kerosene prices going up while gasoline prices...
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