French PM to suspend fuel tax hikes: govt sources

AFP 12/04/2018

FRENCH Prime Minister Edouard Philippe is to announce on Tuesday a suspension of fuel tax increases planned for January 1 in a move to end violent “yellow vest” protests against the measure, government sources said Tuesday. The…

ANOTHER ROLLBACK

Jose Santino S. Bunachita and Futch Anthony Inso 12/03/2018

Palace supportive of recommendation to proceed with second round of excise tax on oil amid drop in fuel prices; Not so fast, warns Cebu Business Club Prices of fuel have gone down in eight straight weeks. Based…

Prices of basic commodities to remain the same despite fuel price hike

Futch Inso 12/03/2018

  Even if petroleum companies will implement an increase in the price of fuel, the Department of Trade and Industry (DTI-7) is not expecting any movement in the price of the basic commodities, especially on Noche Buena…

Senators warn against recall of fuel tax hike suspension in 2019

Inquirer.net 11/30/2018

Some senators rejected Friday the plan of President Rodrigo Duterte’s economic managers to proceed with the second tranche of oil excise tax hike set on January 2019 as mandated under the Tax Reform for Acceleration and Inclusion…

Fuel price cuts should be seen in fare, service fees

Jose Santino S. Bunachita 11/13/2018

BIZ LEADERS WELCOME PRICE ROLLBACK Transportation and logistics costs should follow after major price rollbacks on fuel and oil products, business leaders in Cebu say. The major oil price rollback implemented by companies starting yesterday (Tuesday) may…

‘Major’ rollback in fuel prices expected today

Futch Anthony Inso 11/12/2018

Oil companies will implement today a much-awaited big-time rollback on the prices of petroleum products. This is the fifth straight week that oil companies have lowered prices of fuel; diesel is expected to decrease by P2.00 –…

LIST: Oil firms with fuel price rollbacks starting Tuesday

Inquirer.net 11/12/2018

Filipino motorists will surely rejoice this week as the prices of gasoline and diesel will be rolled back starting Tuesday. Among the oil firms that will be slashing their pump prices this week on gasoline and oil…

FUEL PRICE ROLLBACK ON SUNDAY, MONDAY: How to ‘truly’ decrease fuel prices

Zena V. Magto 10/21/2018

As independent and major oil companies implement another round of fuel price cuts on Sunday (Oct. 21) and Monday (Oct. 22), a transport group believed that only with the repeal of the Oil Deregulation Law and the…

Gov’t’s plan to put on hold additional excise tax on fuel lauded

Jose Santino S. Bunachita 10/16/2018

LOCAL business leaders in Cebu welcomed the government’s pronouncement that it will be putting on hold the additional excise tax to be levied on fuel products starting January 2019. The move, according to businessmen, will not only…

Saturday fuel price slash: 60 to 85 centavo/liter cuts implemented

Inquirer.net 10/14/2018

OIL firms on Saturday (Oct. 13) cut pump prices of diesel by as much as 65 centavos per liter and of gasoline by 85 centavos per liter, ending a nine-week rally that raised prices by a total…

Palace blames rising fuel prices for record-high 6.7% inflation

Inquirer.net 10/05/2018

While believing that it can still be solved, House Speaker Gloria Macapagal-Arroyo has called on President Rodrigo Duterte’s economic team to “move faster” on their implementation of policies to ease up the accelerating inflation. Arroyo’s statement came…

FUEL PRICE HIKES

MAO BA? 10/02/2018

The recent oil price hike in the country surprisingly drew many hopeful online reactions. Burt Ajamedun wrote, “This is very good development. It will encourage some to ride the jeepney. I hope there will be more price…

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