{"id":4038,"date":"2022-03-08T16:59:44","date_gmt":"2022-03-08T08:59:44","guid":{"rendered":"https:\/\/csspsinag.wordpress.com\/?p=4038"},"modified":"2022-03-08T16:59:44","modified_gmt":"2022-03-08T08:59:44","slug":"oil-price-rises-as-ukraine-russia-conflict-still-unresolved","status":"publish","type":"post","link":"https:\/\/sinag.press\/news\/2022\/03\/08\/oil-price-rises-as-ukraine-russia-conflict-still-unresolved\/","title":{"rendered":"Oil price rises as Ukraine-Russia conflict still unresolved"},"content":{"rendered":"\n<!--more-->\n<!--noteaser-->\n\n\n\n<hr class=\"wp-block-separator is-style-wide\" \/>\n\n\n\n<figure class=\"wp-block-image size-thumbnail\"><a href=\"https:\/\/sinag.press\/news\/wp-content\/uploads\/2021\/09\/picture1.png\"><img decoding=\"async\" src=\"https:\/\/sinag.press\/news\/wp-content\/uploads\/2021\/09\/picture1.png?w=80\" alt=\"\" class=\"wp-image-1981\" \/><\/a><\/figure>\n\n\n\n<p>An unprecedented rise in fuel prices was imposed by oil companies today, March 8, as an expected result of the Russia-Ukraine crisis since last month.<\/p>\n\n\n\n<p>In their separate advisories, Pilipinas Shell Petroleum Corp., Chevron Philippines Inc. (Caltex), Seaoil Philippines Inc., and Cleanfuel declared an increase of P3.60 per liter for gasoline and P5.85 per liter for diesel.&nbsp;<\/p>\n\n\n\n<p>Today&#8217;s increase is the tenth for this year.<\/p>\n\n\n\n<p>Figures from the Department of Energy (DOE) reveal that gasoline prices have gone up by P9.65\/liter since the start of the year 2022 while diesel and kerosene prices have soared by P11.65\/liter and P10.30\/liter, respectively.<\/p>\n\n\n\n<p>DOE also forecasts greater price increases in the next few weeks as a result of limited petroleum output aggravated by the ongoing tensions between the US, a strong ally of Middle East oil-producing countries and the world&#8217;s largest economy, and Russia, a major oil exporter.<\/p>\n\n\n\n<p>Russia constitutes 12% of global oil and 24% of natural gas production. However, with the Russia-Ukraine crisis, export restraints and financial sanctions have been imposed by other countries against them.<\/p>\n\n\n\n<p>READ: <a href=\"https:\/\/tinyurl.com\/4zfuadza\">https:\/\/tinyurl.com\/4zfuadza<\/a><\/p>\n\n\n\n<p>To the import-dependent Philippines, this means that as global prices on oil continue to increase, the price of food products and other goods would also inflate, as a consequence.&nbsp;<\/p>\n\n\n\n<p><strong>Opposed? Neutral?<\/strong><\/p>\n\n\n\n<p>In a debate that aired on CNN last February 27, nine presidentiables have expressed their stand regarding the war ensuing between Russia and Ukraine.<\/p>\n\n\n\n<p>This is following the pronouncement made by Defense Secretary Delfin Lorenzana wherein he stated that the Philippines will remain \u2018neutral\u2019 amid terror attacks launched by Russia.&nbsp;<\/p>\n\n\n\n<p><em>&#8220;Wala naman tayong pakialam sa Europe kung ano ang ginagawa nila doon, hindi naman tayo katabi ng Ukraine. Yung mga bansang karatig, nagpapahayag ng suporta sa Ukraine. Tayo neutral muna tayo ngayon,&#8221; he said in an interview,\u201d <\/em>he said.&nbsp;<\/p>\n\n\n\n<p>Three out of nine present candidates agree with Lorenzana\u2019s statement. Among them was Manila City Mayor Isko Moreno who raised that the country\u2019s pandemic situation should be prioritized first.&nbsp;<\/p>\n\n\n\n<p><em>\u201cWe should attend and give our people a chance to get out of this pandemic first&#8230;we respect treaties [but] first things first, Filipinos first,&#8221;<\/em> he stated.<\/p>\n\n\n\n<p>On the other hand, the remaining six presidentiables have asserted opposition against neutrality. Among them were Senator Ping Lacson, Vice President Leni Robredo, and Labor leader Ka Leody de Guzaman.&nbsp;<\/p>\n\n\n\n<p>Lacson pointed out that the UN charter allows the Philippines the right to condemn the ongoing attacks unleashed by Russia.&nbsp;<\/p>\n\n\n\n<p>He said: <em>&#8220;We have a right to condemn what Russia did as a signatory to the UN Charter, while we renounce war as an instrument of national or foreign policy because that&#8217;s in our constitution.&#8221;<\/em><\/p>\n\n\n\n<p>Meanwhile, Robredo stated in one of her interviews, that the safety of Filipinos in Ukraine should be the top concern and the repercussions of the Russia-Ukraine crisis in the international market should be addressed.<\/p>\n\n\n\n<p><em>\u201cKailangan din nating paghandaan, ano ba &#8216;yung epekto nito sa halimbawa sa presyo ng \u2013 &#8216;yung world prices ng halimbawa, langis, ng marami pang ibang produkto,\u201d <\/em>she raised.&nbsp;<\/p>\n\n\n\n<p>De Guzman also expressed his disfavor to the recent attacks, arguing that only capitalist corporations of the military-industrial complex benefit from war. He said that the Philippines should be in solidarity with other countries such as Ukraine and, most importantly, stand for world peace.&nbsp;<\/p>\n\n\n\n<p>The sole debate absentee, Bongbong Marcos Jr., who first expressed neutrality amid conflict has recently changed his position. On March 1, he announced there was \u201cno need\u201d for the Philippines to take sides for \u201cwe are not involved, except for our nationals.\u201d<\/p>\n\n\n\n<p>But, in a press statement last Friday, Marcos changed his tune this time saying that he now supports<em> \u201cthe unconditional observance of human rights and fervently hope[s] that there will be no more targeting of civilian communities and civilian establishments.\u201d<\/em><\/p>\n\n\n\n<p>As the war continues, the price of oil and other basic commodities are predicted to increase while no pending measures to increase the minimum wage and give financial assistance are in place.<\/p>\n\n\n\n<p>Moreover, jeepney drivers and operators have called on the national government to implement fare hikes along with fuel subsidies. They say that the COVID crisis is exacerbated by profiteering amid the pandemic.<\/p>\n\n\n\n<p>Yesterday, protesters stood outside the House of Representatives in Quezon City to demand a price freeze and price ceiling on oil. They also urged the government to scrap the Oil Deregulation Law and suspend excise tax and VAT on fuel products due to TRAIN Law.<\/p>\n\n\n\n<p>Women from various sectors also protested today in Liwasang Bonifacio to call for the decrease of prices of commodities and petroleum, wage increase, and emancipation of women from discrimination and the impending Marcos-Duterte dictatorship.<\/p>\n\n\n\n<p style=\"font-size:15px;\"><em>Featured image by Rappler<\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/image-2.png\"><img decoding=\"async\" src=\"https:\/\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/image-2.png?w=73\" alt=\"\" class=\"wp-image-4005\" \/><\/a><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":9,"featured_media":4043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[],"ppma_author":[122],"class_list":["post-4038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-3-1.png","jetpack-related-posts":[{"id":4087,"url":"https:\/\/sinag.press\/news\/2022\/03\/11\/russia-ukraine-crisis-fuels-deeper-philippine-crisis\/","url_meta":{"origin":4038,"position":0},"title":"Russia-Ukraine crisis fuels deeper Philippine crisis","author":"Staff","date":"11 March 2022","format":false,"excerpt":"If Russia further escalates its Ukraine invasion and the West continues to brutally implement economic sanctions, the economic state of import-dependent countries like the Philippines will definitely exacerbate.\u00a0 An immediate end to the conflict is in the Filipinos\u2019 best interests. In a surprise broadcast statement on Feb. 24, Russian dictator\u2026","rel":"","context":"In &quot;Opinion&quot;","block_context":{"text":"Opinion","link":"https:\/\/sinag.press\/news\/category\/opinion\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/ukraine-unity-march-february-12-2022-reuters.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":4126,"url":"https:\/\/sinag.press\/news\/2022\/03\/15\/largest-oil-price-hike-sinalubong-ng-protesta\/","url_meta":{"origin":4038,"position":1},"title":"Largest oil price hike, sinalubong ng protesta","author":"Staff","date":"15 March 2022","format":false,"excerpt":"Protesta ang isinalubong ng mga grupo, tsuper, mananakay, at ordinaryong mamamayan sa Cubao, Philcoa, Rizal, at iba pang bahagi ng bansa sa ika-11 taas-presyo, isa sa pinakamalaki sa kasayayan, ng langis ngayong taon. Tumaas na naman kasi ng P13.15 kada litro ang diesel, P10.50 kada litro ang kerosene, at P7.10\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/sinag.press\/news\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-6-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":2920,"url":"https:\/\/sinag.press\/news\/2021\/10\/23\/groups-demand-oil-price-control-amid-constant-price-hikes\/","url_meta":{"origin":4038,"position":2},"title":"Groups Demand Oil Price Control amid Constant Price Hikes","author":"Staff","date":"23 October 2021","format":false,"excerpt":"Oil prices shot up to as high as P79.80 for unleaded gasoline and P69.05 for diesel in Northern Luzon; P70.44 for unleaded gasoline and P50.17 for diesel in Metro Manila; P73.09 for unleaded gasoline and P61.27 for diesel in Southern Luzon; P73.96 for unleaded gasoline and P64.95 for diesel in\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/sinag.press\/news\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2021\/10\/sinag-web-banner-5-1-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":7303,"url":"https:\/\/sinag.press\/news\/2026\/03\/24\/pawns-strangled-at-the-pump-filipinos-and-the-cost-of-a-dying-world-order\/","url_meta":{"origin":4038,"position":3},"title":"Pawns Strangled at the Pump: Filipinos and the Cost of a Dying World Order","author":"Staff","date":"24 March 2026","format":false,"excerpt":"Written by Kirsten Flores On March 6, 2026, the United States and Israel launched Operation Epic Fury, a large-scale air campaign that has seen over 3,000 targets hit and the reported deaths of at least 1,332 people in Iran. At ground zero lies the killing of Supreme Leader Ali Khamenei,\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2026\/03\/SINAG-2526B-Pawns-Strangled-at-the-Pump.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2026\/03\/SINAG-2526B-Pawns-Strangled-at-the-Pump.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2026\/03\/SINAG-2526B-Pawns-Strangled-at-the-Pump.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2026\/03\/SINAG-2526B-Pawns-Strangled-at-the-Pump.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2026\/03\/SINAG-2526B-Pawns-Strangled-at-the-Pump.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":4133,"url":"https:\/\/sinag.press\/news\/2022\/03\/17\/hindi-talaga-sapat-transport-groups-slam-p200-fuel-ayuda\/","url_meta":{"origin":4038,"position":4},"title":"&#8220;Hindi talaga sapat&#8221;: transport groups slam P200 fuel ayuda","author":"Staff","date":"17 March 2022","format":false,"excerpt":"Drivers and operators from the transportation sector slammed the Duterte administration's plan to distribute a 200-peso monthly for the whole year as ayuda for the 50% poorest\u00a0 families, saying that it was not enough to make up for the skyrocketing\u00a0 gas prices. Drivers and operators from the transportation sector slammed\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/sinag.press\/news\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-7-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":4167,"url":"https:\/\/sinag.press\/news\/2022\/03\/22\/duterte-amends-law-allowing-full-foreign-ownership-on-public-services\/","url_meta":{"origin":4038,"position":5},"title":"Duterte amends law allowing full foreign ownership on public services","author":"Staff","date":"22 March 2022","format":false,"excerpt":"On March 21, Monday, President Duterte signed amendments on the Public Service Act into law that will lessen restrictions on foreign investments over \u201cpublic services and their franchises, equipment, and other properties.\u201d \u201cNo franchise, certificate, or any other form of authorization for the operation of a public utility shall be\u2026","rel":"","context":"In &quot;News&quot;","block_context":{"text":"News","link":"https:\/\/sinag.press\/news\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/sinag.press\/news\/wp-content\/uploads\/2022\/03\/sinag-web-banner-9-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"authors":[{"term_id":122,"user_id":9,"is_guest":0,"slug":"csspsinag","display_name":"Staff","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/194807626fee183640d3de57e788ba7c8c0d40bd86bfc1237bed56bcd3832c1b?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/posts\/4038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/comments?post=4038"}],"version-history":[{"count":0,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/posts\/4038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/media\/4043"}],"wp:attachment":[{"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/media?parent=4038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/categories?post=4038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/tags?post=4038"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/sinag.press\/news\/wp-json\/wp\/v2\/ppma_author?post=4038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}