Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
DUBAI, Dec 11, 2023 (AFP) – UN climate talks enter their endgame on Monday as negotiators seek to convince an increasingly isolated Saudi Arabia and other holdouts to give up their opposition to a historic phase-out of fossil fuels. With 24 hours to go before the official end of COP28 in Dubai, a new draft deal was expected in the morning in the hope that the right language may have finally been found to achieve […]
by Agnes ANYA Agence France-Presse JAKARTA, Indonesia (AFP) — Sitting on the side of a Jakarta road anxiously waiting for his phone to ping, driver Muhammad Ridwan says it is now barely worth hurtling through thick smog every day to ferry passengers. A 30 percent hike in fuel prices spurred hundreds of drivers of the most popular ride-hailing apps to hold protests across Indonesia as they struggle to make ends meet. “I sometimes don’t eat […]
Second straight week of oil price rollback after tumble in world crude prices (Eagle News) – Another oil price rollback is set on Tuesday, September 13, with gasoline prices going down by 45 centavos per liter, and diesel prices being slashed by P1.45 per liter. This is the second straight week of price rollback for petroleum products. Last week, the slash in prices was bigger. Gasoline prices were reduced by P2.60 per liter, while […]
JABALIA, Palestinian Territories (AFP) – Living in one of the poorest parts of the Middle East and facing some of the region’s highest fuel costs, Palestinians in Gaza are burning plastic to make affordable diesel. It’s an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious environmental and health risks, experts say. Standing before rusty metal machinery and fuel containers, Mahmoud al-Kafarneh described how he and […]
LONDON, United Kingdom (AFP) — British energy giant Shell said Thursday that its net profit soared more than five-fold to $18 billion in the second quarter, fuelled by resurgent oil and gas prices, and rewarded shareholders with another bumper buyback. The surge in profits in the three months to June was partially attributable to a reversal of $4.3 billion in impairments after the company raised its forecasts for the gas and oil market. “We […]
LONDON, United Kingdom (AFP) — British annual inflation surged to a fresh 40-year high in June on rising motor fuel and food prices, official data showed Wednesday, adding to a cost-of-living crisis. The Consumer Prices Index (CPI) jumped to 9.4 percent last month from 9.1 percent in May, the Office for National Statistics said in a statement. Analysts said the data put pressure on the Bank of England to raise interest rates by as […]
PORT-AU-PRINCE, Haiti (AFP) — A week of gang violence in Haiti’s capital has left at least 89 people dead, a rights group said Wednesday, as soaring prices, fuel shortages and gang warfare accelerate a brutal downward spiral in the security situation in Port-au-Prince. The unrest erupted on July 7 between two rival factions in Cite Soleil, an impoverished and densely populated neighborhood of Port-au-Prince. As gunfire crackled in the slums for nearly a week, […]
(Eagle News) – The government said that it would expedite the release of the second tranche of fuel subsidies for the transport sector, considering the continuing high prices of fuel, Finance Secretary Benjamin Diokno said on Wednesday, July 5. The Finance chief also said that the distribution of the first tranche of the P6,500 fuel subsidy for public utility vehicle drivers would be finished within the week. His pronouncements came after President Ferdinand Marcos […]
by Tangi Quemener Agence France Presse Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say. For members of the International Air Transport Association, gathered in Doha for their annual meeting this week, minds are focused on how far such increases risk undermining passenger growth targets. The IATA is also pleading for […]
3rd oil price hike lower compared to the the price increase in the last two weeks Gas prices to increase by P0.80 per liter, diesel prices up by P3.10 per liter (Eagle News) – Effective Tuesday, June 21, oil companies will implement another round of oil price increase, although less than the hike implemented in the previous two weeks. Various oil companies have already issued advisories on the 80 centavo increase per liter of gasoline, […]
(Eagle News) — The government would again be able to distribute P500 monthly fuel subsidies after the Commission on Elections granted the Land Transportation Franchising and Regulatory Board’s (LTFRB) petition to exempt the fuel subsidy program from the cash disbursement ban. Comelec announced its decision on Wednesday, April 6, while saying that the resolution on this will be issued later this week – on Thursday or Friday. “We granted the petition of the LTFRB […]
MOSCOW, Russia (AFP) — Ukrainian helicopters have carried out a strike on a fuel storage facility in Russia’s western town of Belgorod, the local governor said on Friday. “There was a fire at the petrol depot because of an air strike carried out by two Ukrainian army helicopters, who entered Russian territory at a low altitude,” Vyacheslav Gladkov wrote on his Telegram channel. Two employees at the storage facilities were injured as a result […]
