Oil price hike on Labor Day, May 1

Marje Pelayo   •   April 30, 2018   •   4504

Oil players set to announce another round of price increase on Labor Day, Tuesday, May 1.

The price of gasoline is expected to increase by 70 centavos per liter while diesel and kerosene will have 80 centavos per liter increase.

The price hike on petroleum products is due to price adjustments in the world market. – Mon Jocson | UNTV News & Rescue

TAGS   ,

Diesel, kerosene prices to go up on Dec. 24

Robie de Guzman   •   December 23, 2019

MANILA, Philippines – Local prices of petroleum products will increase this week.

In separate advisories, Pilipinas Shell Petroleum Corp. and SEAOIL Philippines announced that the price of their diesel will go up by P1.15 per liter, and kerosene by P1.05.

Gasoline prices will remain unchanged.

Petro Gazz also said it will implement the same amount of adjustment except for kerosene which it does not carry.

The oil price hike is effective 6 a.m. on Tuesday, December 24.

Other oil companies have yet to announce any price movement for this week.

This marks the second consecutive week of price hikes for diesel and kerosene.

Manila Water, Maynilad will no longer push for water rate hike in January

Aileen Cerrudo   •   December 10, 2019

Water concessionaires, Maynilad and Manila Water, will no longer push for their rate increase in January 2020.

During the hearing of the House Committee on Good Governance and Public Accountability on Tuesday (December 10), President & CEO of Manila Water Jose Almendras said they will suspend the water rate increase in January.

“Ipina-retain po namin sa MWSS [Metropolitan Waterworks and Sewerage System] sa aming sulat noong ikatlo ng Disyembre ang aming hangarin para magkasundo kung paano maaayos na maipatutupad ang pagpaliban sa nasabing naaprubahang taas singil ng tubig, (We asked the MWSS to retain our letter last December 3 regarding our aim to negotiate and implement the suspension of the approved water rate increase)” he said.

This is amid the alleged onerous contracts between the government and the water concessionaires. Department of Justice (DOJ) Secretary Menardo Guevarra has disclosed that several provisions in the 1997 water concession agreements have been found to be onerous and disadvantageous to the government.—AAC (with reports from Vincent Arboleda)

Price hike of prime commodities to take effect this month – DA

Maris Federez   •   December 6, 2019

(FILE) A Filipino vendor bags vegetables for a customer at a public market in Quezon City, east of Manila, Philippines. EPA-EFE/ROLEX DELA PENA

MANILA, Philippines – With the spike in the prices of fish and vegetables in the market due to the low supply caused by the onslaught of Typhoon Tisoy in Luzon, the Department of Agriculture (DA) on Friday announced an impending price hike of prime commodities this holiday season.

The department said it is currently processing the importation of 45,000 metric tons of small variety of fish such as galunggong and mackerel.

This is seen as a way to increase the supply of galunggong and help decrease its price in the next two weeks.

The department also expects the lowering of the price of vegetables as the harvest season has started and will go on until February 2020.

Despite this, the DA said it expects that prices of other price commodities will take a spike this month.

Agriculture secretary William Dar explained that the consumers’ buying power gets stronger with the release of their 13th-month pay and bonuses in preparation for the holiday season.

This, the department said, affects the movement of the prices of goods in the market.

“Number one, again, demand. Number two, supply always has to be a factor. Number three, yung (the) weather. So, it’s a confluence of events,” Dar said.

Secretary Dar, meanwhile, urged consumers to buy pork and other pork products to help hog raisers cope with the season and ensure a price cut on these commodities.

The DA said that although there is an over-supply of pork meat in the market, its price is still relatively high as sale of these products is still low.

The DA official also allayed consumer fears on the threats of African Swine Fever (ASF) as this is not contagious to humans, especially when the pork meat products go through the correct process. (from the report of Asher Cadapan, Jr.) /mbmf

REACH US

The Philippine Broadcast Hub

UNTV, 915 Barangay Philam,

EDSA, Quezon City M.M. 1104

(+632) 8396-8688 (Tel)

info@untv-newsandrescue.com (General inquiries)

ABOUT UNTV

UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.