Has ACT Teachers Party-list Rep. Antonio Tinio found proof of systematic overcharging by local oil companies? In a statement Thursday, April 9, Tinio, a House deputy minority leader flagged what he called the “asymmetric pricing” and profiteering in oil market; which he deduced from his study...
ILOILO CITY – Department of Energy (DOE) Secretary Sharon S. Garin lauded programs of Razon-owned MORE Electric and Power Corp. (MORE Power). Garin noted that MORE Power was able to implement the expanded Lifeline Rate Subsidy Program (LRSP) designed by DOE and Energy Regulatory Commission (ERC)...
The House of Representatives was assured on Wednesday, April 8 that the country’s fuel supply was stable despite global volatility, even as the chamber convened 13 committees to draw up a legislative response to the fuel price crisis. During the first hearing of the 13-panel Legislative Energy...
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise. Energy Secretary Sharon Garin emphasized during a media briefing on...
To expand domestic energy development amid the ongoing global price and supply volatility, the Department of Energy (DOE) announced that two new petroleum service contracts (SCs) will soon begin operations. In a statement on Tuesday, April 7, the DOE said that President Ferdinand R. Marcos Jr....
Fuel price pain continues after the Holy Week, with diesel nearing a ₱20-per-liter increase and gasoline resuming its upward adjustment despite remaining unchanged last week. Effective Tuesday, April 7, Shell Pilipinas announced that diesel prices will rise by ₱19.80 per liter, gasoline by...
Due to an urgent need to stabilize the country’s oil supply and curb escalating fuel prices, the Bureau of Customs (BOC) is bypassing standard procedures, directing all district collectors to fast-track processes related to the state’s emergency importations. This follows the emergency mandate...
The government is opening the Bicol Shelf Basin to private investors for oil and gas exploration, a move intended to bolster indigenous energy resources as the country seeks to reduce its reliance on volatile global fuel markets. The Department of Energy (DOE) on Wednesday, April 1, announced a...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
Motorists may face sharp spike in fuel costs as international supply anxieties push domestic pump prices toward record highs, prompting the government to issue emergency anti-hoarding directives to protect the local market. Based on the first two-day estimates in the Mean of Platts Singapore...
The Marcos administration has secured commitments from five nations to bolster its fuel inventory, with the Department of Energy (DOE) preparing to import more than one million barrels of diesel this April to shield the economy from global market volatility. In a briefing late Monday, March 30,...
After 11 weeks of price spikes, gasoline will see no adjustment in its current prices, while diesel and kerosene will remain elevated moving into April. Effective Tuesday, March 31, diesel will rise by ₱12.50 per liter, while kerosene will increase by ₱2 per liter. Seaoil, Shell Pilipinas, and...
