An energy official on Tuesday, March 24, disclosed the possibility of supply disruptions in a worst-case scenario tied to escalating tensions in the Middle East. During the first organizational meeting of the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy...
The Department of Energy (DOE) has debunked reports there could be widespread brownouts this year due to the ongoing oil crisis brought about by the conflict in the Middle East. DOE Undersecretary Felix “Wimpy” Fuentebella made the assurance during the Senate’s hearing on the Proactive...
As weekly price shocks gouge ever deeper holes in consumers’ pockets, more Filipinos are beginning to wonder: Are we heading toward a future where fuel isn’t just expensive, but essentially a “limited-edition” item? The warning from oil companies has been stark: April marks the edge of the...
Renewable energy (RE) advocates may roll their eyes, but the Middle East friction is shouting a bitter punchline: the world still treats fossil fuels like chocolate. The appetite is insatiable and relentless; if the supply runs dry, economies could fall apart faster than a cookie dunked in milk....
A Senate panel on Wednesday, March 11, approved "in principle" the proposals that would grant President Marcos powers to either suspend or reduce excise tax on fuel amid rising fuel costs. "In principle, the members who attended are supportive of the main principle of the bill, which is to give...
The Department of Energy (DOE) has proposed allowing limited imports of biofuels to help lower gasoline pump prices amid rising global oil costs. During a Senate Committee on Energy hearing, Energy Secretary Sharon Garin said the country still has a sufficient supply of refined products such as...
Senator Francis “Chiz” Escudero on Tuesday, March 10 called on law enforcement agencies to strictly enforce the law to shield Filipino families from opportunists seeking to take advantage of the ongoing war in the Middle East. While global instability continues to drive uncertainty in oil...
ILOILO CITY – Almost 150,000 poor families in Western Visayas region can avail of free electricity under the Lifeline Rate Subsidy Program (LRSP). Under the LRSP, families consuming 50 kilowatt hours (kWh) or less per month are entitled to 100 percent free electricity. The Department of Energy...
The ongoing Middle East conflict has cast a harsh spotlight on the Philippines’ vulnerabilities, exposing an energy supply chain so fragile that every global flare-up sends shockwaves straight to Filipino households. After 25 years of power industry deregulation and decades of oil market...
Senate President Pro Tempore Panfilo “Ping” Lacson urged the public to report to authorities gas stations that prematurely increase fuel prices ahead of scheduled oil price adjustments. Lacson warned that those who are raising fuel prices prematurely are violating Republic Act No. 8479 or the...
Energy Secretary Sharon S. Garin has warned against profiteering and hoarding of oil-based products due to the ongoing war in the Middle East. Garin particularly mentioned owners of gas stations allegedly raising prices on a daily basis. “That 's immoral. You 're taking advantage of the...
The price of diesel could reach as high as P90 per liter this month if the conflict in the Middle East persists, the Department of Energy (DOE) said. During the Senate Committee on Foreign Relations hearing, DOE Oil Industry Management Bureau (OIMB) Director Rino Abad explained that the potential...
