After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 13, Shell Pilipinas will cut its diesel prices...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
As part of its efforts to secure 900,000 barrels of diesel in April, the Department of Energy (DOE) announced the arrival of the second government-secured diesel shipment under its Emergency Energy Security Program, consisting of 329,000 barrels from Malaysia. The shipment, which equates to 52.311...
The Department of Energy (DOE) reported nearly 1,600 available charging points for electric vehicles (EVs) across the country as the government ramps up infrastructure support for the growing clean mobility sector. Based on DOE data as of March, about 1,569 charging points have been switched on. Of...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
Has ACT Teachers Party-list Rep. Antonio Tinio found proof of systematic overcharging by local oil companies? In a statement Thursday, April 9, Tinio, a House deputy minority leader flagged what he called the “asymmetric pricing” and profiteering in oil market; which he deduced from his study...
ILOILO CITY – Department of Energy (DOE) Secretary Sharon S. Garin lauded programs of Razon-owned MORE Electric and Power Corp. (MORE Power). Garin noted that MORE Power was able to implement the expanded Lifeline Rate Subsidy Program (LRSP) designed by DOE and Energy Regulatory Commission (ERC)...
The House of Representatives was assured on Wednesday, April 8 that the country’s fuel supply was stable despite global volatility, even as the chamber convened 13 committees to draw up a legislative response to the fuel price crisis. During the first hearing of the 13-panel Legislative Energy...
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise. Energy Secretary Sharon Garin emphasized during a media briefing on...
To expand domestic energy development amid the ongoing global price and supply volatility, the Department of Energy (DOE) announced that two new petroleum service contracts (SCs) will soon begin operations. In a statement on Tuesday, April 7, the DOE said that President Ferdinand R. Marcos Jr....
Fuel price pain continues after the Holy Week, with diesel nearing a ₱20-per-liter increase and gasoline resuming its upward adjustment despite remaining unchanged last week. Effective Tuesday, April 7, Shell Pilipinas announced that diesel prices will rise by ₱19.80 per liter, gasoline by...
Due to an urgent need to stabilize the country’s oil supply and curb escalating fuel prices, the Bureau of Customs (BOC) is bypassing standard procedures, directing all district collectors to fast-track processes related to the state’s emergency importations. This follows the emergency mandate...
