Gasoline, diesel price hike set next week By Myrna M. Velasco Prices at fuel pumps will be on a reverse course by Tuesday, Feb. 21) temporarily ending the streak of rollbacks that somehow eased consumers’ pockets in recent weeks. Based on calculation by oil companies, the price of gasoline will...
The plan of state-run Philippine National Oil Company (PNOC) to establish the country’s strategic petroleum reserve (SPR) or oil stockpiling has been ditched after the Senate junked the proposed budget for this project. Senate Committee on Energy Vice Chairman Sherwin Gatchalian indicated that...
Camarines Sur 2nd district Rep. Luis “LRay” Villafuerte has urged Department of Energy (DOE) Secretary Raphael Lotilla to establish the strategic petroleum reserve (SPR) plan amid the runaway prices of fuel, food, and electricity. Camarines Sur 2nd district Rep. LRay Villafuerte (MB FILE PHOTO)...
With pump fuel prices seemingly racing toward the P100 per liter-mark, Camarines Sur 2nd district Rep. LRay Villafuerte is prodding the incoming Marcos administration to consider putting up a national strategic petroleum reserve (SPR). (Ali Vicoy/ MANILA BULLETIN) “I hope the BBM (Bongbong...
Government-run research agency Philippine Institute for Development Studies (PIDS) said the proposed revival of the Oil Price Stabilization Fund (OPSF) is not an effective mechanism to tame soaring oil prices petroleum pumps even as it cautioned the incoming Marcos administration not to fall into...
Camarines Sur 2nd district Rep. LRay Villafuerte remains hopeful that the government's planned strategic petroleum reserve (SPR) would get off the ground before President Duterte ends his term on June 30, 2022. (Photo from LRay Villafuerte's Facebook) This, after the Chief Executive tapped a touted...
A former senior undersecretary of the Department of Energy (DOE) has been designated by President Rodrigo Duterte as President of state-run Philippine National Oil Company (PNOC). According to the DOE, former Energy Undersecretary Jesus Cristino Posadas officially took over as PNOC President since...
Camarines Sur 2nd district Rep. LRay Villafuerte is putting more pressure on the Department of Energy (DOE) to establish the long-sought strategic petroleum reserve (SPR). (Photo from LRay Villafuerte's Facebook page) In a statement Saturday, March 5, the former House deputy speaker said the energy...
Camarines Sur 2nd district Rep. LRay said he is "disgusted" by the Department of Energy (DOE) officials' lack of urgency with their proposed strategic petroleum reserve (SPR), which could have eased Filipinos' worries over the raging Russia-Ukraine conflict. Camarines Sur 2nd district Rep. LRay...
So what has the Department of Energy (DOE) been doing amid the successive and hefty price hikes on fuel? Camarines Sur 2nd district Rep. LRay Villafuerte (Photo from LRay Villafuerte's Facebook page) For former House Deputy Speaker LRay Villafuerte, the agency simply isn't doing enough to give the...
The Department of Energy (DOE) is eyeing to firm up a deal with the Japanese government, via the Japan Oil, Gas and Metals National Corporation (JOGMEC), for the conduct of a feasibility study that could concretize the proposed strategic petroleum reserve (SPR) or oil stockpiling in the country....
Given renewed rally in global oil prices, Filipino consumers will brace again for substantial hike in pump prices in the first round of fuel cost adjustment this month. Based on calculations by oil companies, prices of diesel products could rise by P0.95 to P1.05 per liter, kerosene product prices...
