The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
Renewed friction in the Middle East is set to hit transport networks next week with the projected spike in diesel prices, even as localized inventory buffers hand gasoline users the second straight weekly rollback. Based on the four-day average of the Mean of Platts Singapore (MOPS), the regional...
The Philippines is planning to establish its first state-owned strategic fuel stockpile, aiming to double the nation 's energy buffer to 60 days to insulate the economy from global supply shocks, the Department of Energy (DOE) said. In an interview, Energy Secretary Sharon Garin said the...
Fuel prices are set to tumble, offering motorists major reprieve after weeks of escalating costs driven by geopolitical frictions. The Department of Energy prescribed a minimum rollback effective Tuesday, June 2, reducing diesel by ₱9.26 per liter, gasoline by ₱4.76 per liter, and kerosene by...
Consumers are poised for much-needed relief at the pump next week as global oil benchmarks edge lower on rising optimism surrounding a potential 60-day ceasefire between the United States (US) and Iran, which could lead to the reopening of the critical Strait of Hormuz. Based on the four-day Mean...
The Philippines is moving to establish its first systematic strategic petroleum reserve program to insulate the domestic economy from volatile global supply chains and geopolitical shocks, according to the Department of Energy (DOE). Under a newly established framework dubbed Partnership On Wide...
The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the inclusion of a total of 141,724 units of passenger jeepneys and UV Express in the list of beneficiaries for the P10 per liter discount fuel subsidy program. LTFRB Chairman Vigor D. Mendoza II said all the details of...
More than 141,000 units of passenger jeepneys and UV Express were uploaded to the database that grants P10 per liter discount fuel subsidy, the Land Transportation Franchising and Regulatory Board (LTFRB) disclosed on Monday, May 18. LTFRB chairman Vigor D. Mendoza II said the figure covers all...
Motorists face a sharp reversal in fuel price trends next week as escalating geopolitical conflict in the Middle East disrupts global crude markets, threatening to end a brief period of relief at the pumps. According to calculations based on the Mean of Platts Singapore (MOPS) and recent foreign...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
Rain or Shine and Ginebra are hoping not to follow the same mistakes of their fellow twice-to-beat teams in the other bracket as they aim to finish their quarterfinals assignments quickly in the PBA Season 50 Commissioner’s Cup at the Ynares Center in Antipolo on Friday, May 15. The Elasto...
