Motorists may need to shop around for the oil companies offering the lowest price adjustments this week, as the Department of Energy (DOE) announced a wide range of price movements for the end of June. Effective Tuesday, June 30, gasoline prices are expected to either decline by as much as ₱0.10...
This week’s substantial oil price rollbacks may be short-lived, as gasoline and diesel prices are expected to either flatten or rise by as much as ₱1 next week. Based on four days of trading in Mean of Platts Singapore (MOPS), diesel prices may either decrease by up to ₱0.70 per liter or...
Following the initial peace talks in the Middle East last week, petroleum products are set to post substantial price rollbacks across gasoline, diesel, and kerosene. Effective Tuesday, June 23, the Department of Energy (DOE) has prescribed a range of oil price adjustments to be implemented by oil...
A total of 235 tricycle drivers in Barangay Sta. Cruz, Makati City received fuel subsidy vouchers from the city government on Thursday, June 18, to help ease the impact of rising fuel prices. Mayor Nancy Binay led the distribution of the vouchers to members of the KYTODA, SCTATODA, and ZAVTODA...
A police officer from the Southern Police District (SPD) earned commendation after going beyond his duty to assist a stranded motorist in Pasay City. Patrolman Jefferson N. Alinsunurin of the District Mobile Force Battalion (DMFB) was on Civil Disturbance Management (CDM) duty along J.W. Diokno...
Petroleum prices may return to normal within six months to one year as the United States (US) and Iran move closer to a deal that could end the war in the Middle East, according to the Department of Energy (DOE). Energy Secretary Sharon Garin announced on Monday, June 15, a maximum price rollback...
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...
