Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
As the push for renewable energy (RE) gains momentum, the Department of Energy (DOE) emphasized the need for a fair transition for the private sector that has invested in coal facilities. During the Powertrends International Business Forum 2024, DOE Assistant Secretary Mario Marasigan...
The Department of Energy (DOE) said that consumers can expect a potential gasoline price rollback next week, while diesel prices are likely to increase. Rino Abad, DOE Oil Industry Management Bureau (OIMB) directo said these contrasting movements are due to various economic factors. ...
Aerospace company Airbus, in collaboration with the Department of Transport (DOTr), the Department of Energy (DOE), and the Civil Aviation Authority (CAA), is working towards achieving 100 percent sustainable aviation fuel (SAF) in its aircraft operations in the country by 2030. In a statement on...
A whopping scale of capital mobilization that will reach as much as $500 billion (roughly P27.5 trillion) will have to be concretized so the country’s energy systems will be substantially decarbonized, according to the Department of Energy. As cited by the energy department, “the Philippines is...
Consumers are under new threat of financial drain next week as pump prices are seen rising again by a significant proportion, based on the estimates of the oil companies. According to the industry players, the price of gasoline products will potentially go up by P0.65 to P1.05 per liter; while...
The Department of Energy (DOE) is eyeing to bridge ‘prospective business partnerships’ for targeted rollout of nuclear power projects in the Philippines during the country’s hosting of the International Nuclear Supply Chain Forum to be held in Manila this November. The event will bring...
A major thorn on the side of the project developers will be cleared, as the Philippine Ports Authority (PPA) has finally affirmed its support to the repurposing of three major ports that will underpin the commercial advancement of gigawatt-scale offshore wind (OSW) farm projects. In a statement to...
The Department of Energy (DOE) is eyeing to improve the incentive regime for the upstream petroleum industry with the proposed ‘special allowance’ to be extended to operators in marginal petroleum blocks, as well as new plays and frontier acreages. In a draft DOE Circular, it has been...
Newly designated Energy Regulatory Commission (ERC) officer-in-charge Jesse Hermogenes T. Andres will be taking the reign of the power industry’s regulatory realm with tons of immediate deliverables, primarily much-needed approvals of power supply agreements (PSAs) as well as setting the reserve...
It is high time for Congress to pass a law institutionalizing transparency in the movements of petroleum prices to ensure the protection of rights and welfare of consumers. Sen. Sherwin Gatchalian made the call following the recent decision of the Supreme Court upholding the Court of...
