Human rights lawyer Chel Diokno is proposing an excise tax freeze on petroleum products in view of the soaring fuel prices that resulted from the Russia-Ukraine crisis. Human rights lawyer Chel Diokno (Photo from Diokno’s campaign team) Diokno, a senatorial aspirant, cited the law allowing the...
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...
Senatorial candidate Herbert “Bistek” Bautista on Thursday reiterated his push for the government to buy back oil firm Petron, saying this would serve as a means to lower oil prices down when these tend to go out of control due to some factors. According to Bautista, he has information that the...
The Department of Energy (DOE) is batting for the issuance of an Executive Order (EO) by President Rodrigo Duterte to suspend the 7.0 percent import duty on coal imports that will be utilized for power generation, so consumers will not be saddled with exorbitant electricity rates. In a briefing...
Senatorial candidate Gilbert "Gibo" Teodoro is the latest personality to call for the "unbundling" of domestic fuel prices, which for the entire year have been on an upward trajectory. (Ali Vicoy/ MANILA BULLETIN) Teodoro said that price unbundling is the oil companies' act of itemizing or breaking...
The looming fuel crisis could have been averted if the Department of Energy (DOE) had the foresight to stabilize oil prices by creating buffer stocks on gasoline and diesel at the onset, presidential aspirant Senator Manny Pacquiao said on Monday. The standard bearer of the Partido ng Demokratikong...
A House leader couldn't help but notice the Department of Energy's (DOE) "new stance" on the 1998 Oil Deregulation Act, which it called the "root" of the problem of soaring fuel prices during the Fuel Crisis Ad Hoc Committee meeting Monday, March 7. (Screenshot from Zoom meeting) According to PBA...
The Department of Energy (DOE) and players in the electric power industry are appealing for temporary exemption on the payment of value added taxes (VAT) as well as suspension of excise taxes for coal and oil as fuel for power generation, to spare Filipino consumers from drastic spikes in...
Senator Nancy Binay today (March 3) urged the Department of Energy (DOE) to focus on immediately shoring up the country’s thinning power reserves rather than busying itself on other concerns. “Rather than looking too far ahead, the energy department should look at the problem that’s staring...
Diesel prices will inch up higher by P5.85 per liter on Tuesday, March 8, as oil companies will also be recovering coco methyl ester (CME) cost, or the biofuel blend component in diesel products being retailed at the domestic pumps. Industry players explained that price upticks for diesel commodity...
The Department of Energy (DOE) asked for something unconstitutional during Monday's Fuel Crisis Ad Hoc Committee meeting--the "delegated authority" to suspend excise tax on fuel--and got chewed up by House members as a result. Ad hoc panel co-chairperson, Albay 2nd district Rep. Joey Salceda asked...
House Deputy Speaker and 1-Pacman Party-list Rep. Mikee Romero is reiterating his call for his colleagues to do away with excise taxes on fuel products even as a House ad hoc panel discusses possible relief mechanisms for consumers amid soaring crude prices. (Unsplash) “Among these measures, the...
