IKOT.PH
Senator Win Gatchalian wants to put in place an energy subsidy program that will provide a safety net for the public transport sector from oil price increases and subsequently deter fare hikes for the benefit of the commuting public. Gatchalian noted that as a result of world oil price increases in recent months, the Land […]
Senators made a call to expedite assistance to drivers and operators of public utility vehicles (PUV), amid the latest big-time oil price hike implemented by oil companies. Senator Joel Villanueva urged the government to hasten the distribution of assistance for both the transport and agriculture sectors. Villanueva pushed for an additional P2 billion assistance on top of […]
A party-list lawmaker representing the agriculture sector urged the Commission on Elections (Comelec) to reconsider its decision to deny the Department of Agriculture’s appeal for a spending ban exemption on the fuel subsidy for farmers and fisherfolk nationwide amid the increasing oil prices exacerbated by Russia’s invasion of Ukraine. Magsasaka Representative Argel Cabatbat said the […]
Increase taxes on vices so that we can reduce taxes on essentials like petroleum products. This was suggested by House Deputy Speaker Bienvenido “Benny” Abante, Jr., who on Thursday proposed raising the excise taxes on tobacco and alcoholic beverages––commonly referred to as “sin” taxes––to offset the losses from reducing the excise taxes on fuel. The […]
Aksyon Demokratiko presidential candidate and Manila Mayor Isko Moreno said the unpaid P203 billion Marcos estate tax if recovered by the Bureau of Internal Revenue (BIR), will be sufficient to support the government’s cash aid program for Filipinos who need financial assistance amid the COVID-19 pandemic and rising oil prices. At the presidential debate organized […]
Senator Risa Hontiveros said that the fuel aid to be distributed under the Pantawid Pasada Program will not be enough to keep the transport system running noting that the price hike in petroleum prices is seen to affect the sector for a prolonged period. “The increase in the budget for Pantawid Pasada to cover more […]
Senator Joel Villanueva supported the proposal of the National Economic Development Authority (NEDA) to look into implementing alternative work arrangements to address rising fuel costs. “Implementing flexible working arrangements like working from home is one of the best interventions that the government can do because it protects productivity for businesses and workers’ welfare while cutting […]
Senator Win Gatchalian urged the Department of Energy (DOE) to intensify its monitoring activities against profiteers taking advantage of consumers by imposing exorbitant pump prices of fuel products amid the escalation of cost of fuels in the world and domestic markets. “The DOE should make sure that oil companies and retailers are not abusing the […]
A lawmaker called on the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) to immediately release the earmarked P5 billion worth of fuel subsidies to mitigate the effect of runaway fuel prices on public utility vehicle (PUV) drivers and operators. In filing House Resolution 2515, San Jose del Monte City […]
To mitigate the rising prices of petroleum and fuel products, a measure seeking to amend the Downstream Oil Industry Deregulation Act hurdled committee level at the House of Representatives. The House Committee on Energy, chaired by Pampanga Representative Juan Miguel Arroyo, approved, subject to form and style, the substitute bill that would amend Republic Act […]