Philippines Braces for Significant Oil Price Hike Next Week Amid Middle East Tensions
Politics

Philippines Braces for Significant Oil Price Hike Next Week Amid Middle East Tensions

Fuel retailers in the Philippines are set to implement substantial price hikes for gasoline and diesel next week, driven by renewed hostilities in the Middle East. The increases are expected to impact consumers and the broader economy.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Legazpi City Distributes Agri Inputs to Farmers Ahead of Strong El Niño

    Legazpi City, Philippines, has distributed vegetable seeds and fertilizers to farmers facing increased production costs due to the anticipated effects of a strong El Niño phenomenon. The initiative aims to sustain food security and reduce production costs.

  • Philippines Considers Raising Pera Contribution Limits

    The Philippine government is considering raising the annual contribution limits for the Personal Equity and Retirement Account (Pera). This move aims to encourage greater retirement savings among citizens and enhance the scheme's equity.

  • Marcos Jr. keeps distance from House-approved budget amid 'questionable' insertions

    Philippine President Ferdinand Marcos Jr. is keeping his distance from the House-approved 2027 budget, which watchdogs claim is riddled with questionable insertions. The Presidential Palace stated that interfering with Congress's work could lead to accusations of being a 'dictator'.

  • House adds P5B to its own budget, bypassing scrutiny

    The Philippine House of Representatives has increased its own budget by P5 billion for the 2027 fiscal year. This augmentation was included in the House General Appropriations Bill (HGAB) and was not part of the executive's proposed National Expenditure Program (NEP). The additional funds are allocated to maintenance and operating expenses, capital outlays, and personnel services, with insufficient detailed explanations.