The government will borrow additional money if fuel tax is suspended, according to DOF. DOF — The Department of Finance said that the government would need to borrow additional money from creditors should the taxes on petroleum products are suspended. According to Finance Secretary Carlos G. Dominguez III, suspending fuel excise taxes will only provide … Read more
Oil Companies Set to Implement Price Adjustment Next Week Several oil firms in the Philippines are set to implement another price adjustment on petroleum products next week. The Filipino people will experience a slight to moderate rollback in prices of petroleum products starting next week. The expected price reduction next week will surely feel relief … Read more
Oil Companies To Implement Nearly P1 Pump Price Hike Several oil companies in the Philippines are set to implement almost P1 increase on prices of petroleum products next week. The coronavirus pandemic continues to spread in various countries all around the world including the Philippines. The virus rapidly spread and affects the public’s health as … Read more
Oil Firms Set To Implement Oil Price Increase This Week PUMP PRICE HIKE – Several oil firms are set to implement an increase with the prices of petroleum products this week. Petroleum products are considered as the blood of the industry for enabling the transportation and shipment of food products, basic commodities, construction materials, medical … Read more