Daily Price Watch by INQUIRER.net

By: 2 years ago

Here are the prevailing prices of food and other commodities in Metro Manila as of Thursday, Jan. 5.

Rice prices decreased from last year, with local premium rice and regular milled rice at P42 and P34 per kilogram, respectively. Similarly, meat and poultry prices remain steady: Pork liempo is at P300 per kilogram.

Prices for fish remain mostly unchanged, except for bangus, which dropped by P70 to P150 per kilogram.

Likewise, fruit and vegetable prices remain steady: Potatoes are at P120 per kilogram and ampalaya is at P80 per kilogram.

Prices of sugar and other commodities mostly remain unchanged: Local garlic is at P240 per kilogram. Prices for siling labuyo remain at P400 per kilogram.

(Source: Department of Agriculture Price Monitoring)

DA-led task force pushed to go after onion hoarders

January 9, 2023 – 5:20 AM

The government should form a task force headed by the Department of Agriculture (DA) to run after unscrupulous traders and hoarders who could be manipulating the price of onions in the country, Sen. Sherwin Gatchalian said on Sunday.

Appetite for pork drove 16.4% rise in PH meat imports in ’22

January 9, 2023 – 2:11 AM

The volume of meat brought into the country last year climbed by 16.4 percent, driven mainly by the appetite for pork, according to data from the Bureau of Animal Industry (BAI).

Appetite for pork drove 16.4% rise in PH meat imports in ’22

January 9, 2023 – 2:10 AM

There is no need to rush the entry of more imported sugar into the Philippines as domestic production is at its peak and the country has enough supply to meet the local demand for this sweetener, according to local sugar industry players.

LPG prices up by P2.25-P2.27/kg effective Dec 1

December 1, 2022 – 9:28 AM

For the second straight month, local oil companies jacked up the prices of liquefied petroleum gas (LPG) products effective today, Dec. 1.

Egg prices soar as bird flu and holiday demand combine

November 30, 2022 – 12:16 PM

Noche Buena items price hikes are justified and can’t be controlled – DTI official

November 29, 2022 – 11:07 AM

Big-time fuel price decrease on Tuesday

November 28, 2022 – 11:42 AM

JUST IN: Big-time fuel price decrease awaits motorists this Tuesday (November 29):

Gasoline – P0.85/L ⬇️
Diesel – P3.95/L ⬇️
Kerosene – P2.65/L ⬇️

| @jordeenelagare /PDI pic.twitter.com/oXCestMC2Y

— Inquirer (@inquirerdotnet) November 28, 2022

DTI to consumers: Pick cheaper, ‘heavier’ Noche Buena items

November 23, 2022 – 6:30 PM

As costs of holiday goods continue to rise, the Department of Trade and Industry (DTI) has recommended consumers to simply choose cheaper and heavier variations of Noche Buena food items.

DTI to consumers: Pick cheaper, ‘heavier’ Noche Buena items

November 23, 2022 – 12:01 AM

Gasoline, kerosine prices to go up on Tuesday

November 14, 2022 – 10:05 AM

HEADS UP, MOTORISTS! ⛽️

JUST IN: Mixed fuel price adjustment awaits motorists this Tuesday, Nov. 15. | @jordeenelagare /PDI pic.twitter.com/tTvnhAYfph

— Inquirer Business (@InquirerBiz) November 14, 2022

Price pressures on food seen to remain strong in next 3 months

November 14, 2022 – 8:14 AM

Upward pressures on food prices in the Philippines are expected to remain high over the next three months as the La Niña phenomenon remains entrenched, although it is now more likely to dissipate as early as February 2023.

Price pressures on food seen to remain strong in next 3 months

November 9, 2022 – 11:45 AM

Vegetable prices climb in ‘Paeng’ aftermath

November 4, 2022 – 2:24 AM

Retail prices of certain vegetables in Metro Manila rose by as much as P40 per kilogram after Severe Tropical Storm “Paeng” (international name: Nalgae) ravaged many parts of the Philippines, the Department of Agriculture (DA) said.

DTI reminds public of prevailing SRP for candles ahead of Undas

October 24, 2022 – 5:14 PM

The Department of Trade and Industry (DTI) reminds the public about the prevailing suggested retail prices (SRP) for candles, a little more than a week before “Undas” when the demand is expected to increase. | @AldenMonzonINQ pic.twitter.com/T5roou0Vjv

— Inquirer (@inquirerdotnet) October 24, 2022

Oil companies to cut fuel prices on Tuesday

October 24, 2022 – 11:00 AM

GOOD NEWS, MOTORISTS! ⛽️

Oil companies will cut fuel prices effective Tuesday, Oct. 25. | @jordeenelagare /PDI pic.twitter.com/rqJ8WWZ5rO

— Inquirer Business (@InquirerBiz) October 24, 2022

PH braces for even higher food prices in Q4

October 24, 2022 – 2:08 AM

The pressure that keeps food inflation elevated in the Philippines has increased with the La Niña weather phenomenon expected to prevail over the remainder of this year, and possibly even extend until the first quarter of 2023.

Another fuel price hike seen amid fears of global recession

October 16, 2022 – 5:42 AM

Oil companies are expected to jack up domestic fuel prices for the second straight week, but less than the increases it slapped last week, according to industry sources.

FILL UP YOUR TANKS, MOTORISTS! ⛽️

JUST IN: Oil companies will jack up fuel prices effective Tuesday, Oct. 18. | @jordeenelagare /PDI pic.twitter.com/1IbVrRV4T7

— Inquirer Business (@InquirerBiz) October 17, 2022

Group calls for reduced pork tariffs until next year

October 12, 2022 – 2:06 AM

Meat traders found an ally in a public advocacy organization which appealed for the extension of lower tariffs on imported pork and other food items until next year.

The Foundation for Economic Freedom (FEF) is pushing the Marcos administration to issue a new executive order to sustain reduced tariff rates until 2023 and expand its coverage.

Oil firms announce hikes in fuel prices effective Tuesday

October 10, 2022 – 11:22 AM

Pump prices of diesel, gasoline and kerosene will increase Tuesday.

Diesel will see the biggest hike of P6.85 per liter, while gasoline and kerosene prices will rise by P1.20 and P3.50 per liter, respectively.

Fuel prices seen to go up next week

October 7, 2022 – 1:06 PM

Prices of gasoline, diesel and kerosene will likely go up next week, according to a Department of Energy official and sources in the local oil industry.

Diesel prices may increase by P4.20 to P4.70 per liter, while those of gasoline may rise by 40 centavos to 70 centavos a liter, according to sources.

Philippine growth estimate for ’22 cut; COVID-19 still a risk

October 7, 2022 – 2:20 AM

The Philippine economy is now expected to grow slower in 2022 than what was believed three months ago, still momentum-laden at 6.5 percent but diminished from the 6.9 percent forecast in July, according to the Asean plus 3 Macroeconomic Research Office (Amro).

In the latest quarterly update of their Asean plus 3 Regional Economic Outlook 2022 report, the Singapore-based think tank said the Philippines would still outperform both the Asean and the Asean plus 3 regions.

September inflation revs up to 6.9%

October 5, 2022 – 9:28 AM

Inflation in the Philippines heated up to 6.9 percent in September from 6.3 percent in August, according to the Philippine Statistics Authority. This brought the year-to-date [January-September] average to 5.1 percent.

National Statistician Dennis Mapa said in a press briefing the latest readout was mainly driven by faster rate of increases in prices of some food items like eggplant, tilapia and refined sugar as well as electricity and housing.

JUST IN: Oil companies to cut fuel prices on Tuesday

October 3, 2022 – 10:34 AM

JUST IN: Oil companies will cut fuel prices effective Tuesday (Oct. 4):

Gasoline P0.40/L ⬇️
Diesel P0.45/L ⬇️
Kerosene P0.85/L ⬇️

| @jordeenelagare /PDI pic.twitter.com/V0IFXf9nZM

— Inquirer Business (@InquirerBiz) October 3, 2022

LPG costs dip; fuel prices also set for a rollback

October 2, 2022 – 5:38 AM

Consumers distressed by rising inflation are in for a double dose of relief as the cost of cooking gas has dropped while other fuel prices are poised to go down for a fifth time next week. In a new reprieve for motorists, oil industry sources expect another fuel price rollback in a few days, albeit lower than the previous adjustment.

If the projections hold, it would be the fifth consecutive time that oil companies decreased the prices of diesel and kerosene.

Aurora loses P154M in agri, P72M in infra due to Karding

September 29, 2022 – 10:31 AM

Aurora province suffered P154 million in damage to agriculture and P72 million to infrastructure due to Super Typhoon Karding (international name: Noru), the provincial government disclosed on Wednesday, Sept. 28.

Typhoon Karding’s cost of damage to PH agriculture climbs to P1.97B

September 28, 2022 – 7:21 PM

The Department of Agriculture (DA) has reported that typhoon Karding cost the country’s agriculture sector P1.97 billion.

Karding wrecked 148,091 hectares of cropland in the Cordillera Administrative Region, Ilocos Region, Cagayan Valley, Central Luzon, Calabarzon, and Bicol Region, affecting at least 88,520 farmers and fisherfolk, according to a report from the DA’s Disaster Risk Reduction and Management (DRRM) Operations Center.

Agri losses in Bicol from Karding hit P17 million

September 28, 2022 – 7:06 PM

Super Typhoon “Karding” (international name: Noru) left Bicol with P17 million worth of damage to agriculture and irrigation, a report issued by the Office of Civil Defense (OCD) Bicol stated on Wednesday, September 28.

Oil firms cut gasoline, diesel, kerosene prices anew

September 26, 2022 – 1:30 PM

Local oil companies are again slashing the pump prices of selected petroleum products effective Tuesday, Sept. 27.

In separate advisories on Monday, Seaoil Philippines Inc. and Caltex Philippines said they would cut the price per liter of gasoline by P1.65, while those of diesel and kerosene will be reduced by P1.25 and P1.35 per liter, respectively.

Price Watch: Kamuning Public Market

September 23, 2022

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.

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.

JUST IN: Oil companies will reduce diesel, kerosene prices effective Tuesday (Sept. 20):

Gasoline P0.00
Diesel P4.15/L⬇️
Kerosene P4.45/L⬇️

| @jordeenelagare /PDI pic.twitter.com/fnn996VCOa

— Inquirer Business (@InquirerBiz) September 19, 2022

LOOK: Approved fare increase

Here is the list of approved fare hikes for bus, jeepney, taxi transport network vehicle service units, which would take effect on Oct. 4.

READ: https://t.co/hVFa2VuBRU pic.twitter.com/l1k0kHJP0c

— Inquirer (@inquirerdotnet) September 19, 2022

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.

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.

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.

JUST IN: For the 2nd straight week, oil companies will reduce fuel prices effective Tuesday, Sept. 13. | @jordeenelagare /PDI pic.twitter.com/B5rNaa9R6e

— Inquirer Business (@InquirerBiz) September 12, 2022

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.

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.

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.

High inflation expected for rest of the year

September 7, 2022 – 02:13 AM

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.

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:

JUST IN: Oil companies will slash pump prices effective Tuesday, Sept. 6. | @jordeenelagare /PDI pic.twitter.com/W5ax632sQx

— Inquirer Business (@InquirerBiz) September 5, 2022