The pockets of consumers using gasoline products will have a breather this week as the price of this commodity will be on rollback by P2.00 per liter, as announced by the oil companies. Nevertheless, it will be a reverse scenario for diesel products as the price of this fuel will rise at a modest...
Motorists using gasoline products will likely benefit from more than P2.00 per liter rollback at the pumps next week, but there’s a bit of bad news for diesel users because the price of that commodity will slightly go up, based on the calculation of the oil companies. According to the industry...
Investors from the Middle East – primarily energy companies from Qatar, United Arab Emirates (UAE) and Saudi Arabia – are enthusiastically eyeing to funnel investments into offshore oil and gas exploration ventures in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), according to...
The targeted mandatory pie for power supply agreements (PSA) anchored on gas-fed power generating facilities will just be confined to gas volumes that will be extracted from the Malampaya field, according to a ranking Department of Energy (DOE) official. Energy Undersecretary Rowena L. Guevara...
From left: Luigi Reyes, Head of Commercial Sales and Operations Group, G-Xchange Inc. (GCash); Oscar ‘Renren’ Reyes, President and CEO, G-Xchange Inc. (GCash); Banjo Castillo, Chief Operating Officer, Isla Petroleum & Gas Corporation; Tonito Gonzalez, Chief Executive Officer, Isla LPG...
Consumers will feel the heat of a budget swell on their cooking fuel this month as the price of liquefied petroleum gas (LPG) will rise by a hefty P6.64 to P6.65 per kilogram or P73.04 to P73.15 for the standard 11-kilogram cylinder. Leading industry player Petron Corporation advised of LPG price...
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
State-run Philippine National Oil Company- Exploration Corporation (PNOC-EC) has indicated to Congress that it is preparing for the drilling of two new wells at the Malampaya gas field in 2025. PNOC-EC Manager for Planning and Budget Department Alexis Dela Torre stated that the consortium-members...
The "gas aggregation" scheme being proposed by Prime Infrastructure Capital Inc. of the Razon group, will help soften electricity rates for consumers because the scheme will lessen the risk of gas plant-developers in their fuel procurements. This is according to ENEX Energy Corporation Chairman...
More than 7.7 million customers of Manila Electric Company (Meralco) will likely experience relief in their power bills this August, as the utility firm is anticipating downtrend in its overall rate in this billing cycle. “While we have yet to receive the final billings from our suppliers, we...
The House plenary. (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has overwhelmingly approved on third and final reading the measure allowing a shift of the country’s power generation from the use of coal to natural gas. Garnering 215 affirmative votes during plenary session...
Big-time price hikes at the pumps will have heavy blow on consumers’ pockets next week, with the price of diesel products are anticipated to rise by as much as P3.20 to P3.50 per liter, based on the calculation of the oil companies. Industry players similarly estimated P1.85 to P2.15 per liter...
