BIR starts fuel marking rollout

01/07/2020

The Bureau of Internal Revenue (BIR) will start this month its monitoring of gas stations’ inventory in line with the full implementation of the fuel marking program. “In preparation for the field testing aspect of the fuel…

Talamban requests more fuel allocation for garbage trucks

Delta Dyrecka Letigio 11/27/2019

CEBU CITY, Philippines –The village chief of Barangay Talamban in Cebu City said the fuel allocation from the city government is not enough to sustain their two garbage trucks. In a letter to Mayor Edgardo Labella dated…

Foreign cargo vessel carrying close to 300K liters of fuel runs aground off Talisay, Cebu

Alven Marie A. Timtim 08/03/2019

CEBU CITY, Philippines – A foreign cargo vessel run aground while at the vicinity of the Lauis Ledge Light House in Talisay City around 7 a.m. today, August 3. Lieutenant Junior Grade Michael John Encina, Information Officer…

Angara to legitimate jeepney operators: Claim your fuel subsidy cards

Inquirer.net 02/27/2019

  MANILA, Philippines — Reelectionist Sen. Sonny Angara has urged more than 80,000 legitimate jeepney franchise holders to claim their fuel voucher cards to avail of the government’s subsidy under the Pantawid Pasada Program (PPP). Angara made…

Cebu firms to feel adverse impact of additional excise tax on fuel

Irene R. Sino Cruz 01/15/2019

CEBU CITY, Philippines — Businesses face rising operating costs and lower net income due to the imposition of the additional P2 excise tax on oil products. Bob Gothong, chief executive officer of Gothong Southern group, admitted that…

Fuel taxes and fare rates

12/06/2018

With the national government confirming its plan to impose a second tranche of fuel excise taxes next month as part of its so-called Tax Reform for Acceleration and Inclusion (TRAIN), a plan to set up a fare…

Fuel tax hike worries farm sector

Inquirer.net 12/05/2018

Stakeholders of the agriculture sector are afraid the second round of fuel tax increases next month may not bode well for food producers since the measure will translate to higher production costs. Industry leaders who talked to…

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…

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