Fuel Prices

South African employers are being advised against retrenchments despite rising fuel prices caused by the Middle East conflict. Experts describe the situation as a temporary oil shock rather than a full economic crisis. They recommend short-term measures such as hybrid work instead of permanent job cuts.

11. mai 2026 Rapportert av AI

Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.

Transport group Manibela announced a nationwide strike from April 15 to 17, coinciding with the government's service contracting program rollout. The action responds to high fuel prices and demands a rollback to P55 per liter. Chairman Mar Valbuena criticized the government's inadequate response to oil price shocks.

9. april 2026 Rapportert av AI

President Ferdinand Marcos Jr. has approved a service contracting program for public utility vehicles, a P10-per-liter fuel subsidy starting April 15, and the release of P8 billion in assistance for over 42,000 barangays nationwide to cushion impacts from the Middle East crisis such as higher fuel prices, a weaker peso, and threats to livelihoods, Malacañang said Thursday. PUV drivers will receive additional income of P40 to P100 per kilometer, while commuters get at least 20% fare discounts on routes linked to trains and major bus lines.

A newly formed Senate ad hoc committee on Middle East crisis response will hold its first hearing on Tuesday, chairman Sen. Sherwin Gatchalian announced. The Proactive Response and Oversight for Timely and Effective Crisis Strategy committee aims to check funds in the 2026 General Appropriations Act to address the crisis from US-Israel attacks on Iran. Fuel prices are soaring, threatening food security.

16. mars 2026 Rapportert av AI

Following government subsidy announcements, transport group Piston has initiated a nationwide strike starting Thursday, demanding tax suspensions on fuel, price rollbacks, and a P5 fare hike, as drivers face massive income losses from soaring oil prices.