The Department of Energy (DOE) ordered an immediate ramp-up in electricity generation at several major facilities on Friday, April 17, tapping natural gas, oil, and coal-fired plants to stabilize the power grid following a series of unplanned outages in Batangas. The directive followed the tripping...
Oil prices are on track for a significant retreat next week as fragile geopolitical detente in the Middle East erodes the war risk premiums that have kept global benchmarks elevated. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the industry’s regional pricing...
The Department of Energy (DOE) is expanding its renewable energy push in Mindanao, preparing to offer the private sector five times the capacity of earlier rounds in an upcoming auction In a statement on Friday, April 17, the DOE announced the seventh round of the Green Energy Auction program...
Fuel prices are poised for another significant retreat next week as cooling tensions in the Middle East drive global benchmarks lower, offering a second consecutive wave of relief to local motorists and transport operators. Based on the first three days of trading for the Mean of Platts Singapore,...
The Department of Energy (DOE) is accelerating the completion of the ₱5.27 billion transmission project designed to shore up power reliability for the tourism hub of Boracay and the province of Aklan. As the government moves to insulate the region’s grid from environmental vulnerabilities and...
The Marcos administration is moving to shore up the country’s depleted cooking fuel reserves as geopolitical volatility threatens energy security, with the government securing its first major import of liquefied petroleum gas (LPG) in months. The Department of Energy (DOE) authorized the purchase...
President Ferdinand Marcos Jr.’s economic team said Filipino consumers are unlikely to see meaningful relief from the suspension of excise taxes on gasoline and diesel, as any reduction in pump prices would be minimal and likely offset by prevailing market forces. This was the Cabinet-level...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
As part of its efforts to secure 900,000 barrels of diesel in April, the Department of Energy (DOE) announced the arrival of the second government-secured diesel shipment under its Emergency Energy Security Program, consisting of 329,000 barrels from Malaysia. The shipment, which equates to 52.311...
The Department of Energy (DOE) reported nearly 1,600 available charging points for electric vehicles (EVs) across the country as the government ramps up infrastructure support for the growing clean mobility sector. Based on DOE data as of March, about 1,569 charging points have been switched on. Of...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
