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Daily Price Watch by INQUIRER.net

Updated as of: 03:31 AM September 23, 2022

Price watchHere are the prevailing prices of food and other commodities in Metro Manila as of Sept. 22, Thursday.

Rice prices remain unchanged, with local premium rice and regular milled rice at P45 and P38 per kilogram, respectively. Similarly, prices for meat and poultry are mostly steady, with beef brisket at P360 per kilogram and pork liempo at P370 per kilogram.

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Prices for fish remain mostly unchanged; bangus (milkfish) is priced at P180 per kilogram. Prices of vegetables are also also steady, except for carrots, which increased by P10 to P150 per kilogram.

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The prices of sugar and other commodities mostly remain unchanged. Local garlic remains at P300 per kilogram.

(Source: Department of Agriculture Price Monitoring)

As sardine shortage looms, canners seek leeway in commercial fishing

September 20, 2022 – 2:05 AM

Sardine canners are appealing to the Bureau of Fisheries and Aquatic Resources (BFAR) to ease regulations on commercial fishing to avoid a shortfall in fish supply.

Canned Sardines Association of the Philippines executive director Francisco Buencamino asked the BFAR to convene a multiparty meeting, including local government units in coastal areas, to discuss the possibility of allowing commercial fishing boats to operate close to the shorelines covered by municipal waters.

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Oil firms roll back diesel, kerosene prices

September 19, 2022 – 3:04 PM

For the third straight week, local oil companies are slashing the prices of diesel and kerosene effective Tuesday, Sept. 20.

In separate advisories, oil firms said the price of diesel would decrease by P4.15 per liter while that of kerosene would be reduced by P4.45 per liter. The price of gasoline will be unchanged.

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LOOK: Approved fare increase

Even higher rice prices on the horizon

September 19, 2022 – 2:10 AM

Consumers may have to further tighten their belts as the confluence of unfavorable global events is expected to jack up the price of rice in retail markets, dampening hopes that the Marcos administration will make good on its campaign promise to make this staple food affordable for all, according to agricultural groups.

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Another rollback in fuel prices seen next week

September 18, 2022 – 5:10 AM

Another respite awaits motorists next week with the expected reduction in the pump prices of petroleum products.

According to industry sources, the price of diesel is expected to decrease by P3.90 to P4.20 per liter and gasoline by up to P0.30 per liter.

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Prices of gas, diesel, kerosene to go down on Sept. 13

September 12, 2022 – 11:11 AM

Gasoline, diesel, and kerosene prices are expected to be rolled back this week by a P0.45 to P1.70 per liter.

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Batanes seeks buyers amid garlic glut

September 9, 2022 – 5:02 AM

Officials in the northernmost province of Batanes on Thursday confirmed that there was an overproduction of local garlic, especially in this town, prompting Gov. Marilou Cayco to appeal to the public to buy the crop from farmers.

Donabel Gulaga, municipal agriculturist, said the oversupply of garlic in the province was due to a high yield between March and April this year.

She said at least 24 metric tons (MT) of garlic were already bought by the Department of Agriculture (DA) from the Itbayat Garlic Production Association.

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Meralco raises electricity rates for September

September 8, 2022 – 1:32 PM

After reducing electricity rates for two consecutive months, listed power distributor Manila Electric Co. on Thursday announced an increase of P0.3907 per kilowatt-hour for September.

This brings the overall rate to P9.9365 per kWh from P9.5458 per kWh in August.

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DA: Sardine supply sufficient

September 7, 2022 – 6:27 PM

The Department of Agriculture on Wednesday said the supply of sardines in the country remains sufficient, contrary to the claims of ‘shortage’ by big fishing firms.

DA, citing data from the Philippine Statistics Authority and the Bureau of Fisheries and Aquatic Resources, said the country will be able to meet the annual demand of 101,367 metric tons (MT) for sardines since it estimated annual production of 293,431 MT of the fish this year.

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High inflation expected for rest of the year

September 7, 2022 – 02:13 AM

inflation food prices vegetables

Filipino consumers might not have noticed, but they had a bit of respite in August when the rate of increases in prices of basic commodities slowed slightly and for the first time in six months, to 6.3 percent from 6.4 percent in July, according to the Philippine Statistics Authority (PSA).

National Statistician Dennis Mapa said in a briefing on Tuesday the easing was mainly due to a decreased pace in the rise of of transport cost—thanks to ebbing prices of diesel—as well as prices of food and nonalcoholic beverages, especially vegetables, meat and fish.

“Prices of these goods might have gone down because of these, but there were more commodity items that saw increases, only that they have less contribution to overall inflation,” Mapa said.

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Oil firms cut gasoline prices by P2.60/liter, diesel by P1.55/liter

September 5, 2022 – 12:57 PM

Pump prices of petroleum products will drop by P1.55 to P2.60 per liter this week, oil firms announced on Monday.

In separate advisories, the following oil firms announced a rollback in the prices of gasoline, diesel and kerosene effective Tuesday, Sept. 6:

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