LAWMAKERS are keen to know for sure from the Executive the timeline for fuel subsidies for the transport and the agriculture and fisheries sectors.
LAWMAKERS are keen to know for sure from the Executive the timeline for fuel subsidies for the transport and the agriculture and fisheries sectors, given the rapid rise in oil prices now putting at risk hopes of quick recovery from the pandemic, a leader of the House of Representatives said on Sunday.
“I will formally ask the DSWD [Department of Social Welfare and Development] and DOLE [Department of Labor and Employment] to modify guidelines for defining displaced workers and individuals in crisis situations so we can extend relief to affected PUV drivers and operators,” he said. Salceda said the House also wants to see how much the VAT can offset potential losses in revenues due to the suspension of the fuel excise taxes.
“With oil prices now breaching the level of $110 a barrel in the world market—and possibly hitting the $120-threshold in the days ahead—“all that our energy officials have managed to say at this critical point is that the PNOC has been tapped to conduct a feasibility study on this petroleum reserve structure,” said Villafuerte in a statement.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solon alleges Cavite rally attendees were paid P500 eachCavite 7th district Rep. Jesus “Boying” Remulla alleged that a political campaign held in Cavite on Friday night, March 4, paid P500 each to attendees. READ:
Read more »
EU considering curbing Russia's rights in IMF over invasion – sourcesOne option under consideration is to remove Russia entirely from the International Monetary Fund, though some note that would prove difficult if not impossible. RussiaUkraineCrisis
Read more »
Supermarket industry warns of rising prices due to higher materials costs - BusinessWorld OnlineThe supermarket industry said prices of many goods started rising this month in response to higher fuel prices, and advised consumers to explore substitutes for their usual favorite brands. READ:
Read more »
Caritas PH needs P400M to aid thousands of typhoon-devastated familiesSeeking to fund its recovery project for thousands of families devastated by Typhoon Odette, Catholic Church’s Caritas Philippines has called on well-meaning people to help the humanitarian and advocacy arm of the church to gather P400 million.
Read more »