The Philippines' Fuel Marking Program (FMP) has generated P1.028 trillion in taxes since its launch five years ago, Swiss-owned technology company SICPA reported on Tuesday, Nov. 26. As of November 2024, the program, a partnership between the Bureau of Customs (BOC), SGS Philippines Inc., and...
The stage is set for a new round of debates and negotiations on tackling the climate crisis – and the promise of host country Azerbaijan is for the process not succumbing to a fault-finding frenzy. While Azerbaijan’s hosting of the COP29 climate diplomacy summit came as a last-minute decision...
LEGAZPI CITY, Albay -- Gas stations in the provinces of Camarines Sur and Albay have temporarily halted operations due to a fuel shortage after supply trucks were stranded due to flooding brought by severe tropical storm "Kristine." Motorists are grappling for fuel in gasoline stations. On...
Filipino consumers are facing yet another round of fuel price hikes this year. Starting Tuesday, Oct. 29, gasoline prices will increase by P0.20 per liter, while diesel and kerosene will rise by P0.50 per liter. Major oil companies, including Shell Pilipinas, Caltex, and Clean Fuel, attributed the...
Motorists are bracing for another round of fuel price increases next week, although the increases are expected to be minimal. According to Jetti Petroleum, based on the latest four-day Moving Average of Singapore Platts (MOPS) data, diesel prices are expected to rise by P0.10 to P0.20 per liter,...
The Bureau of Customs (BOC) has intercepted a fuel tanker and four lorries caught transferring smuggled fuel at the Port of Batangas. The BOC said the operation, conducted on Wednesday, Oct. 16, was a result of intelligence gathered by the BOC-Customs Intelligence and Investigation Service...
BUTUAN CITY – Police seized 8,060 liters of smuggled petroleum in Del Carmen, Siargao Island, Surigao del Norte province before dawn on Friday, October 11. Surigao del Norte Police Provincial Office Director Police Col. Nilo T. Texon, in a report to Police Regional Office-13 Director Police...
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...
MV Palawan is apprehended by Philippine Coast Guard ship BRP Palawan (FPB-2401) in the vicinity of Manila Bay on Sept. 26, 2024 while carrying alleged smuggled disel fuel. (Photo: PCG) A motor vessel allegedly engaged in fuel pilferage or “paihi” system was apprehended by the Philippine Coast...
The Philippine Independent Power Producers Association Inc. (PIPPA) has thumbed down a legislative proposal that will prioritize the use of Malampaya gas on the electricity generation grind of various gas-fed power plants in the country. While there is a high level temptation to prioritize...
A new cascade of financial pressure will be on consumers’ pockets this week as gasoline prices will be rising by P1.10 per liter; while diesel prices will go up by a marginal P0.20 per liter. Propitiously for kerosene products, there will be no cost movement this week, based on the pricing...
