Roxas: Immediate relief, not tokenisms, needed

Senator Mar Roxas said the people do not need mere “tokenisms” but real and immediate relief in coping with the continued high prices of petroleum products. He cited the Department of Energy’s announcement to remove the tariff on imported crude oil and refined products – that would supposedly lower pump prices by P0.50 – effective […]

Roxas: Four days to go on Petron sale, what’s the plan?

Senator Mar Roxas urged the government to consider offers for the purchase of Petron shares while stressing that it has four days left before its “right of first refusal” on the 40% Saudi Aramco stake in Petron Corp. lapses. “All these offers could have come in earlier had the executive branch been clearer and more […]

Roxas: Four days to go on Petron sale, what’s the plan?

Senator Mar Roxas urged the government to consider offers for the purchase of Petron shares while stressing that it has four days left before its “right of first refusal” on the 40% Saudi Aramco stake in Petron Corp. lapses. “All these offers could have come in earlier had the executive branch been clearer and more […]

Roxas: Gov’t stonewall on oil VAT suspension "unjust, oppressive"

With crude oil prices continuing to break records, Senator Mar Roxas renewed his call for the suspension of the value-added tax (VAT) on oil and petroleum products to curb domestic price shocks that have begun to hurt consumers. “Oras na para i-suspinde ang VAT sa langis, para bigyan ng ginhawa ang mga mamimili sa panahong […]

Roxas: Gov’t stonewall on oil VAT suspension "unjust, oppressive"

With crude oil prices continuing to break records, Senator Mar Roxas renewed his call for the suspension of the value-added tax (VAT) on oil and petroleum products to curb domestic price shocks that have begun to hurt consumers. “Oras na para i-suspinde ang VAT sa langis, para bigyan ng ginhawa ang mga mamimili sa panahong […]