fuel prices - updates

Rappler's latest stories on fuel prices

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Oil firms to hike prices for 4th straight time on January 29 | Evening wRap

Jan 28, 2019 - 8:58 PM

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French government yields on fuel price hikes after weeks of protest

Dec 06, 2018 - 1:13 PM

Environment Minister Francois de Rugy announces that an increase scheduled for January is 'scrapped for the year 2019' in its entirety

YELLOW VEST. In this file photo, a man holds a flare on November 17, 2018 in Paris, during a nationwide popular initiated day of protest called 'yellow vest' (Gilets Jaunes in French) movement to protest against high fuel prices which has mushroomed into a widespread protest against stagnant spending power under French President. File photo by Lucas Barioulet/AFP

[EDITORIAL] #AnimatED: The bad joke that is Benjamin Diokno

Jun 04, 2018 - 9:00 AM

Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word

#ThewRap: Things you need to know, May 31, 2018

May 31, 2018 - 11:00 AM

Hello! Here are the stories you shouldn't miss this Thursday.

BRP SIERRA MADRE. This aerial photo  taken from a military aircraft shows the dilapidated Sierra Madre ship of the Philippine Navy anchored near Ayungin Shoal (Second Thomas Shoal) with Philippine soldiers onboard to secure the perimeter in the Spratly Islands, on May 11, 2015. File photo by Ritchie Tongo/AFP

Diokno on high fuel prices: ‘We should be less of a crybaby’

May 30, 2018 - 2:30 PM

(UPDATED) Budget chief Benjamin Diokno says tax reform cannot be suspended midway: ‘We are promising you world class infrastructure. Do you want us to stop doing that? Traffic congestion is causing P3.5 billion daily. Do you want us to stop doing that?’

Brazil cuts fuel prices after strike leaves food, fuel scarce

May 28, 2018 - 11:42 AM

The price cut, equal to 0.46 reais a liter, is to be locked in place for 60 days, Brazil's president says in televised remarks

BRAZIL'S TEMER. This handout picture shows President Michel Temer at a meeting to discuss the measures to be taken regarding the nationwide truck drivers' strike, at Planalto Palace in Brasilia, on May 2, 2018. Photo by Alan Santos/Brazil Presidency//AFP

Oil firms cut prices for 2nd straight time

Feb 18, 2018 - 8:40 PM

The price of gasoline goes down by P1.05 per liter, diesel by P1.25 per liter, and kerosene by P1.20 per liter on Sunday, February 18

OIL ROLLBACK. Motorists gas up at a gasoline station in Paco, Manila on January 10, 2018. Photo by Ben Nabong/Rappler

Transport groups demand P6 per liter fuel discount

Jan 04, 2018 - 1:50 PM

Piston says public utility vehicles should get the discount to counter the effects of the tax reform law

JEEP. A jeep carrying goods and passengers speeds through one of the highways in Coron, Palawan in December 2013. Photo by Pat Nabong/Rappler

Filipinos to feel impact of higher fuel tax starting mid-January

Jan 03, 2018 - 6:00 PM

Fuel prices could go up in two weeks' time, once existing petroleum stocks of retailers are used up

HIGHER PRICES. A man holding a petrol pump nozzle at one of Shell's gasoline filling stations. Photo from AFP

Fuel prices to go up on Jan 3

Jan 02, 2017 - 3:32 PM

Oil companies in the Philippines will implement the price hike at 6 am on Tuesday January 3

OIL PRICES. An attendant fills up a motorcycle with gasoline at a gasoline station in Kamuning, Quezon City. File photo by Joel Liporada/Rappler

Fuel prices going up again Dec 20

Dec 19, 2016 - 5:10 PM

Oil companies in the Philippines will implement the price hike at 6 am on Tuesday December 20

OIL PRICES. An attendant fills up a motorcycle with gasoline at a gasoline station in Kamuning, Quezon City. File photo by Joel Liporada/Rappler

Inflation rises to 2.5% in November

Dec 06, 2016 - 10:20 PM

The increase means the country s inflation rate is at its highest level since February 2015

The wRap Indonesia: Cut in fuel prices, rupiah gains

Oct 08, 2015 - 6:00 AM

Other stories include the seizure of illegally traded shark fins worsening forest fires and the possibility of a midnight curfew for Jakarta nightclubs

PAKET EKONOMI. President Joko Widodo talks about his first economic stimulus in this file photo. Photo from Twitter @Jokowi

Diesel, fuel prices cut in latest economic stimulus of Jokowi gov't

Oct 07, 2015 - 9:09 PM

Fuel prices were heavily subsidized for decades in Indonesia until Joko Widodo last year scrapped the payouts entirely for petrol and reduced them substantially for diesel to free up money for other government programs

PAKET EKONOMI. President Joko Widodo talks about his first economic stimulus in this file photo. Photo from Twitter @Jokowi

Singapore Airlines says Q1 net profit more than doubles

Jul 30, 2015 - 2:09 AM

World oil prices have declined sharply due to a global crude oversupply Fuel costs which account for more than a 1 3 of expenses fell 8 8

July inflation to hit below 1% – forecast

Jul 29, 2015 - 5:45 PM

An estimated 0 7 inflation rate is seen due to lower fuel prices slashed Meralco rates and decreasing food prices a finance undersecretary says

Inflation eases to record-breaking 1.2% in June

Jul 07, 2015 - 6:09 PM

The latest inflation rate defies economists’ expectations that it would not go any lower than 1 6 the record for May 2014

Philippine inflation unlikely to go lower than 1.6%

Jun 07, 2015 - 7:32 PM

Economists cite the good and the bad of inflation hitting a 20 year low

GOOD AND BAD. The lower-than-expected Philippine inflation rate in May has its positive and negative implications, economists say. File photo by Rappler

May inflation drops to 1.6%, lowest in 20 years

Jun 05, 2015 - 2:10 PM

Sufficient supply of key food items lower electricity and fuel prices ease inflation NEDA reports

The wRap Indonesia: Jan. 19, 2015

Jan 19, 2015 - 2:53 PM

Indonesia remains firm on death penalty despite international fury KPK begins interviewing witnesses against police chief nominee Jokowi inaugurates new presidential advisory board and more

EXECUTED. An Indonesian police car leads ambulances carrying five bodies of prisoners out of Wijayapura port as they arrived from Nusakambangan Island prison complex, after their execution under the death row for drug trafficking, in Cilacap, Central Java, on January 18, 2015. Photo by Bayu Nur/EPA

The wRap Indonesia: Jan. 15, 2015

Jan 15, 2015 - 2:53 PM

Corruption suspect Budi Gunawan clears test to become Indonesian police chief divers search AirAsia fuselage Jokowi says gas prices will go down again soon and more

Foto Abraham Samad hasil editan Agan Harahap. Foto ini diposting @aganharahap untuk merespons foto syur mirip Abraham yang beredar di dunia maya.

Cebu Pacific lifts fuel surcharge, PAL next

Jan 13, 2015 - 9:16 AM

No fuel surcharge shall be collected from tickets sold from January 8 onwards the Civil Aeronautics Board warns

Gas prices dip further in 2015's second rollback

Jan 11, 2015 - 4:43 PM

Several oil companies in the Philippines will cut prices of gasoline kerosene and diesel on Monday January 12

Lower airfares seen as CAB lifts fuel surcharge

Jan 07, 2015 - 11:22 AM

Airline passengers can expect lower airfares starting the end of the week with the removal of the fuel surcharge on domestic and international flights

Gov’t hits inflation target for 2014

Jan 06, 2015 - 1:45 PM

Inflation in December slows down to 2 7 amid lower petroleum prices and electricity rates the National Economic and Development Authority reports

Fuel prices to roll back January 5

Jan 04, 2015 - 6:32 PM

The first rollback for 2015 local oil firms will implement price reductions for diesel gasoline and kerosene products

The wRap Indonesia: Dec. 15, 2014

Dec 15, 2014 - 10:36 AM

Jokowi s visit to the landslide site a new regulation allowing several deputy governors what happened during Indonesia s national online shopping day and more

DISASTER. President Joko Widodo visiting the site of the landslide in Jemblung Village, Banjarnegara, Central Java, on Sunday, December 14, 2014. Photo by Himawan Listya Nugraha/EPA

Indonesia holds interest rates after recent hike

Dec 11, 2014 - 7:44 PM

Last month’s interest rate increase was the first for a year and the rate is now at its highest level for 5 years

CENTRAL BANK. The facade of Bank Indonesia building is seen in the capital city of Jakarta. File photo by AFP

The wRap Indonesia: Dec. 3, 2014

Dec 03, 2014 - 1:17 PM

Former Blitar mayor is likely Jakarta s new deputy governor Jakarta s first parking meters earn 25k a month a hit and run video gone viral and more

Basuki ‘Ahok’ Tjahaja Purnama saat membacakan sumpah jabatan sebagai Gubernur DKI Jakarta sisa masa jabatan 2012-2017, pada 19 November 2014. Foto oleh Bay Ismoyo/AFP

Indonesian inflation up, manufacturing hit after fuel price hike

Dec 01, 2014 - 1:43 PM

But Indonesia s trade balance swung to a small surplus of 20 million in October from a 270 million deficit the previous month as a fall in oil prices cut the country s import bills

PROTEST. Indonesian students lay down on the street during an anti-fuel price hike protest at the presidential palace in Jakarta, Indonesia, 18 November 2014. Photo by EPA

The wRap Indonesia: Dec. 1, 2014

Dec 01, 2014 - 10:42 AM

Aburizal Bakrie s likely reelection as Golkar chairman the London mayor s visit to Jakarta criticisms of the parole of Munir Said Thalib s assassin and more

SUNDAY RIDE. Mayor of London, Boris Johnson (C), Indonesian President Joko Widodo (L), and Jakarta's Governor Basuki Tjahaja Purnama (R) take part in Jakarta's car-free day on Sunday, November 30. Photo by Mast Irham/EPA

One dead in Indonesian protest against fuel price hike

Nov 27, 2014 - 9:43 PM

The 27 year old man was found in the street in Makassar after police fired tear gas and water cannons to disperse about 200 demonstrators

PROTEST. Indonesian students lay down on the street during an anti-fuel price hike protest at the presidential palace in Jakarta, Indonesia, November 18, 2014. Photo by EPA

Fuel price hike ‘first step’ to subsidy reform in Indonesia

Nov 26, 2014 - 7:10 AM

Reforms include giving direct subsidies more and subsidizing commodities less as well as setting a fixed fuel subsidy amount

WELFARE CARDS. Residents wait their turn to get new social protection cards at a post office in Depok, Indonesia, on November 25, 2014.  Photo by Adi Weda/EPA

Fuel price rise tests Jokowi's poverty pledge

Nov 23, 2014 - 3:00 PM

While seen as a right move towards getting Indonesia s economy back on track Jokowi s promise to cut government subsidies will first grip the nation s millions of poor people

Jokowi takes on Indonesia's Oil Mafia

Nov 19, 2014 - 3:35 PM

The fuel subsidy cut is a warning to top figures the party’s over

Romeo Gacad/File/AFP

The wRap Indonesia: Nov. 19, 2014

Nov 19, 2014 - 11:56 AM

Jokowi s tough line on illegal fishing the nationwide public transport strike in protest of the fuel price hike Ahok s inauguration as Jakarta governor and more

PROTEST. Indonesian students lay down on the street during an anti-fuel price hike protest at the presidential palace in Jakarta on November 18, 2014. Photo by Bagus Indahono/EPA

Indonesia raises interest rates after fuel price increase

Nov 18, 2014 - 7:32 PM

Also stocks increase and the rupiah strengthens as a result of the fuel price hikes

LATE NIGHT ANNOUNCEMENT. President Joko Widodo and members of his cabinet announcing the fuel price hikes late on Monday, November 17, 2014. They came into effect less than 3 hours after the announcement. Photo by EPA

Jokowi fulfills promise, raises fuel prices

Nov 17, 2014 - 10:28 PM

Gasoline prices increase from IDR6 500 per liter 0 53 to IDR8 500 per liter at midnight on November 18

PUMP PRICES. Motorbike riders line up at a Pertamina gas station in Jakarta to purchase subsidized fuel. File photo by EPA

Jokowi outlines economic reform priorities at G20

Nov 16, 2014 - 3:18 PM

Improving business licensing tax reform reducing fuel subsidies and building social infrastructure top Jokowi s priorities in reviving Southeast Asia s largest economy

JOKOWI AND ABBOTT. Australian Prime minister Tony Abbott (L) greets Indonesian President Joko Widodo (R) during the official welcome at the Brisbane Convention and Exhibitions Centre (BCEC) in Brisbane, Australia, November 15, 2014. Photo by EPA

Indonesia holds rates ahead of fuel price hike

Nov 13, 2014 - 6:34 PM

Bank Indonesia keeps the rate at 7 50 for the 12th consecutive month in line with economists forecasts

LOOMING PRICE HIKE. Indonesian motorbike riders line up at a petrol station in Jakarta. The price of subsidized fuel is expected to go up soon. File photo by EPA

The wRap Indonesia: Nov. 7, 2014

Nov 07, 2014 - 11:26 AM

Jokowi s statement on raising fuel prices a Buddhist textbook graft case at the Religious Affairs Ministry the latest on lifting the ban on Vimeo and more

PUMP PRICES. Motorbike riders line up at a Pertamina gas station in Jakarta to purchase subsidized fuel. File photo by EPA

The wRap Indonesia: Nov. 4, 2014

Nov 04, 2014 - 11:35 AM

The launch of Jokowi s social welfare cards the fate of the satay worker who posted pornographic images of the president the online backlash against the disbanding of the U 19 football team and more

Indonesian inflation edges up as fuel price hike looms

Nov 03, 2014 - 3:57 PM

Economists say prices have gone up now because the market has anticipated the fuel price hike

PUMP PRICES. Motorbike riders line up at a Pertamina gas station in Jakarta to purchase subsidized fuel. File photo by EPA

Why we shouldn’t politicize the fuel subsidy debate

Oct 28, 2014 - 1:00 PM

When BBM subsidies are driven by largely political issues we tend to overlook the core issues – economics moral hazards and inefficiency

LONG QUEUE. Indonesian motorists wait for their turn to fill up their motorbikes with subsidized fuel at a gas station in Yogyakarta on Aug. 27, 2014, when state oil company Pertamina reduced daily quotas. File photo by Bimo Satrio/EPA

The wRap Indonesia: Oct. 16, 2014

Oct 16, 2014 - 11:30 AM

Grand celebration plans for Jokowi s inauguration IKEA Indonesia s opening the celebrity wedding of the year and more

Celebrity couple Raffi Ahmad and Nagita Slavina are set to be married on Friday, October 17, 2014. Photo courtesy of @RaffiAhmadLagi/Instagram

Sudan: No going back on fuel rise despite unrest

Sep 29, 2013 - 9:07 PM

33 people have died since the near doubling of petrol and diesel prices Sept 23 sparked the worst protests in the history of President Omar al Bashir s regime

AFTERMATH OF VIOLENCE. A civil defense officer inspects the scene of a fire at a popular market in the Sudanese capital Khartoum, on September 29, 2013. AFP/Stringer

Indonesia parliament paves way for fuel hike amid protests

Jun 18, 2013 - 2:32 PM

Indonesian lawmakers on Monday June 17 approved a revised budget in a move that paves the way for the first hike in fuel prices since 2008 amid nationwide protests against the measure

OIL POLITICS. An Indonesian student launches fireworks towards police during a protest against the fuel price hike outside parliament in Jakarta on June 17, 2013. Photo by AFP

Crisis-hit Greeks slash household heat as fuel prices rise

Dec 16, 2012 - 3:06 PM

Temperatures are falling fast in Greece but with new taxes sending the price of heating fuel higher than ever before many crisis hit households are unsure they can afford to warm their homes this winter

LESS HEAT. Some households in crisis-hit Greece cut their heating fuel spending as fuel prices soar. Photo by AFP

Buckle up for higher airfares (no thanks to soaring oil prices)

Mar 20, 2012 - 10:24 AM

As airlines petition to pass on higher fuel prices to passengers

Promo fares to boost 2012 Philippine airline industry

Mar 17, 2012 - 1:52 AM

Despite caution over volatile fuel prices the Philippine aviation industry expects passenger count to grow by double digits this year