Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
Eligible transport network vehicle service (TNVS) drivers and motorcycle taxi riders in Metro Manila are reminded to strictly follow their assigned schedules and venues for the government’s cash aid distribution starting Monday, May 11, as authorities enforce a “no walk-ins” policy to avoid...
LAPU-LAPU CITY, Cebu — The leaders of the Association of Southeast Asian Nations (ASEAN) are exploring the creation of a regional fuel reserve system to strengthen energy security and cushion member-states from future supply disruptions caused by wars and geopolitical tensions, President Marcos...
LAPU-LAPU CITY, Cebu — President Marcos has warned Southeast Asian leaders that no country can shield itself from the ripple effects of global conflicts, saying crises beyond the region are now directly affecting the daily lives of the people in the region. Speaking at the Retreat Session of the...
Consumers face a split at the pumps next week as regional market volatility drives a significant decline in diesel prices alongside a projected increase in gasoline. Based on the first four days of trading under the Mean of Platts Singapore (MOPS) benchmark, diesel prices are expected to drop by...
A group of local shipping companies and operators has expressed gratitude to the Maritime Industry Authority (Marina) for what it described as the agency’s quick response to assist their sector at the height the oil supply and price woes due to the Middle East conflict. In a letter sent to...
Quezon City police have traced the plate number of a car whose driver allegedly fled without paying P1,500 worth of gasoline at a station on Mindanao Avenue in Barangay Toro early Sunday, May 3. The incident occurred at around 3:16 a.m. when an unidentified driver allegedly refueled and sped off...
Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
ILOILO CITY – Environmental groups have sought an investigation over an oil spill in Guimaras last week. “We are calling on state agencies to expedite fact-finding efforts to ensure that responsible actors are identified and held accountable,” said global environmental organization Greenpeace...
Senator Imee Marcos has called on the government to aggressively pursue direct government-to-government (G2G) oil procurement to cushion the impact of the ongoing global oil crisis. Marcos pointed this out as she questioned the government’s inability to pursue a G2G deal with Russia. The...
A joint police operation led by the Criminal Investigation and Detection Group (CIDG) in Batangas resulted in the arrest of a male suspect involved in the illegal trading and distribution of petroleum products, locally known as “paihi,” on Friday night. Agents of the CIDG Batangas Provincial...
Motorists face a sharp reversal at the fuel pumps next week as the three-week streak of price cuts comes to a halt amid escalating geopolitical tensions and tightening regional supplies. Based on the four-day trading average of the Mean of Platts Singapore, the industry’s regional benchmark,...
