As global prices lingered at multi-year highs, fuel prices at Philippine pumps will increase by P1.30 per liter for gasoline and P1.50 per liter for diesel, as announced by the oil companies. The prices of kerosene products will also have an upswing of P1.45 per liter in this week’s pricing...
The energy crisis distressing major economies of the world has prompted the Department of Energy (DOE) to reassess its impact in the country primarily on highly probable ‘price shocks’ this may cause on the ‘energy transition to a low-carbon future’ that the government has been pushing for....
As Christmas shopping nears, Filipino consumers must also factor in higher fuel budgets with the anticipated next round of hefty oil price hikes next week at P1.30 to P1.40 per liter for gasoline products, and P1.40 to P1.50 for diesel products. For kerosene, which is widely used in the aviation...
The liquefied natural gas (LNG) import facility of Atlantic, Gulf and Pacific Company Inc. (AG&P) will supply the fuel needs for electricity generation of the 1,200-megawatt Ilijan gas-fired power facility starting next year, according to the Department of Energy’s (DOE) Oil Industry...
The improvement in terms of economic activities brought by worldwide COVID-19 vaccination drives has prompted the recent oil price hike in the country, an official of the Department of Energy (DOE) explained Wednesday, Oct. 6. DOE Asec. Gerardo Erquiza said that as the "economy moves," the demand...
The Department of Energy is planning a cost subsidy to public transport sector to cushion impact on the most vulnerable as oil prices surged past $81 per barrel this week. Atty. Rino Abad, director of the DOE- Oil Industry Management Bureau (OIMB),said the government is currently exploring the...
Filipino motorists will bear the financial brunt of big-time price hikes for petroleum commodities this week as the retail costs of diesel and kerosene will go up by P2.05 per liter, as announced by the oil companies. Gasoline product prices, on the other hand, will also be higher by P1.45 per...
The European Chamber of Commerce of the Philippines (ECCP) and the Philippine Energy Independence Council (PEIC) have been reinforcing calls to step up the country’s energy self-sufficiency, albeit with caution that technology deployments must lean on cleaner resources to align such goal with the...
A 10-year ‘graduation plan’ on systematic reduction and eventual scrapping of subsidy in off-grid areas, or those jurisdictions not physically connected to the main power grids, is being pushed by the Department of Energy. In a draft circular, the DOE directed the National Transmission...
The Department of Energy (DoE) will be legally accountable if it will push through with the targeted ‘midnight deal’ for the license extension of the Malampaya gas field project, that in the process will primarily benefit Malampaya Energy XP Pte Ltd, a company of Davao businessman Dennis Uy. In...
Senator Sherwin Gatchalian has raised alarm over the possibility that the government is entering into a midnight deal to extend the service contract of the Malampaya project with the gas field operator Shell Philippines Exploration B.V. (SPEX) by finalizing the transfer of its participating...
A more generous 70:30 royalty sharing in favor of the government is coming forth as the tenor in negotiations on the proposed license extension for the Malampaya gas field project, which is due for turnover by yearend to buyer Malampaya Energy XP Pte Ltd of Davao businessman Dennis Uy. The...
