News

Gov't to tighten purse strings amid fuel tax hike suspension: Diokno

ABS-CBN News
Updated as of Oct 18 09:25 AM

The government will cut down on some expenses amid the suspension of the second round of higher excise tax on oil, Budget Secretary Benjamin Diokno said Thursday.   Read more »

Walang dagdag: Fuel subsidy sa mga pumapasada ng jeep ipinako na

ABS-CBN News
Posted at Oct 17 07:28 PM

Hindi na dadagdagan ang halaga ng mga Pantawid Pasada card dahil sa suspensiyon ng dagdag sa buwis sa langis sa susunod na taon, sabi nitong Miyerkoles ni Budget Secretary Benjamin Diokno.   Read more »

DBCC creates task force to review potential expenditure cuts

ABS-CBN News
Posted at Oct 16 03:40 PM

The task force will review possible expenditures that could be “calibrated” such as the purchase of cars and the budget for creating new positions   Read more »

Suspension of next fuel tax hike will help 'manage' inflation expectations: DOF

ABS-CBN News
Updated as of Oct 16 11:50 AM

Department of Finance (DOF) Asec. Tony Lambino said many people mistakenly blame excise taxes on fuel for the rising prices of goods.  Read more »

PBA: 'Dirty finger' costs Calvin Abueva P10K

ABS-CBN News
Posted at Oct 15 06:03 PM

Phoenix forward Calvin Abueva has been docked P10,000 after twice showing a "dirty finger" during their games in the PBA Governors' Cup, the league announced on Monday afternoon. Read more »

Senators ask Duterte to suspend further increase in fuel excise taxes

ABS-CBN News
Posted at Oct 14 06:33 PM

Majority senators have asked President Rodrigo Duterte to suspend the second tranche of fuel excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) law. Read more »

Gov't suspends 2nd tranche of fuel excise taxes to tame inflation

ABS-CBN News
Updated as of Oct 14 07:19 PM

The government is suspending the implementation of the second tranche of fuel excise taxes, originally scheduled next year, to keep inflation in check, the Department of Finance confirmed Sunday. Read more »

Phoenix Petroleum to slash pump prices Saturday

ABS-CBN News
Posted at Oct 13 12:06 AM

MANILA - Phoenix Petroleum Philippines has announced it would roll back pump prices Saturday. Read more »

PBA: Phelps' 51 points just too much as Phoenix burns down NLEX

ABS-CBN News
Updated as of Oct 10 11:35 PM

(UPDATED) Eugene Phelps scored 51 points and brought down 20 rebounds Wednesday night to help Phoenix demolish NLEX, 123-97, in the PBA Governors Cup at the Cuneta Astrodome. Read more »

Minority senators ask Duterte to suspend excise tax on fuel

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 10 05:34 PM

A suspension of the excise tax, according to Senator Bam Aquino, would mean a P2 price reduction per liter of gasoline and diesel and P1 decrease in price of kerosene. Read more »

Duterte on suspending fuel tax: 'Maybe'

Dharel Placido, ABS-CBN News
Posted at Oct 09 08:56 PM

MANILA - President Rodrigo Duterte on Tuesday said he may be open to suspending the excise tax on oil amid the soaring price of crude in the world market, which has contributed to the country’s quickening inflation. Read more »

Fuel prices rise for 9th straight week

ABS-CBN News
Posted at Oct 08 11:47 PM

In the midst of rising fuel prices, transport groups urge government to raise jeepney fares.  Read more »

No to oil price hike

Bullit Marquez, AP
Updated as of Oct 06 06:03 AM

Protesters shout slogans after splashing red paint during a protest at the Shell office in Makati, Friday. Read more »

PH fuel prices rise to highest levels since 2008

ABS-CBN News
Posted at Oct 04 12:03 AM

Despite this, the finance department is not giving in to calls to suspend taxes on petroleum products. Read more »

P100 take home pay? Jeepney operators push for new fare hike

ABS-CBN News
Updated as of Oct 03 11:20 AM

Jeepney drivers may stop plying roads if regulators fail to raise the minimum fare amid rising fuel prices, a transport leader warned Wednesday.  Read more »

As world oil prices rise, next round of fuel tax hikes may be suspended: analyst

ABS-CBN News
Posted at Oct 02 08:13 PM

The government may be prompted to suspend the second round of excise tax hikes on petroleum products due next year as world oil prices continue to rise, an analyst said Tuesday.    Read more »

No fuel surcharge for AirAsia's domestic, international flights

ABS-CBN News
Posted at Oct 02 02:55 PM

MANILA - Budget airline AirAsia Philippines on Tuesday said it would not impose an additional fuel surcharge on all its domestic and international flights to reduce travel costs and to further drive the demand for travel. Read more »

LPG, fuel prices rise anew

ABS-CBN News
Posted at Oct 01 11:40 PM

The price of cooking gas is heading higher and fuel is expected to follow suit as supply concerns continue to grip the global oil market.  Read more »

Ilang airline, nagsimula nang magpataw ng fuel surcharge

ABS-CBN News
Posted at Sep 25 09:55 PM

Umaaray na rin ang ilang bumibiyahe dulot ng fuel surcharge.  Read more »

Fuel prices go up for 7th straight week

ABS-CBN News
Posted at Sep 25 12:19 AM

As fuel prices go up for the seventh straight week, transport groups are now calling to raise the minimum jeepney fare to P12.  Read more »