As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
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...
Traffic along Epifanio de los Santos Avenue (EDSA) northbound in Quezon City slowed on Friday morning, June 5, after an oil tanker struck concrete barriers at the Quezon Avenue flyover. The Metropolitan Manila Development Authority (MMDA) said the incident occurred at around 5:26 a.m. when the...
The outbreak of the Middle East conflict, which resulted in disruptions to the global oil supply and caused the sharp increase in the price of crude oil per barrel, has profoundly altered the Philippines’ approach to energy security. The fragility of the country’s energy security—due largely...
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...
The Department of Social Welfare and Development (DSWD) said the government is assessing whether another round of fuel assistance will be needed for the transport sector after more than 1.6 million public utility vehicle (PUV) drivers and transport workers nationwide received cash aid. As of June...
As awareness of health and wellness continues to grow, the need for clear, practical, and trustworthy guidance becomes even more important as individuals become more conscious and cautious about heart-related conditions such as hypertension. Choosing what’s good for you can start in the kitchen,...
Mamamayang Liberal (Ml) Party-list Rep. Leila de Lima has castigated China 's "entitled bully" posture , which has once again placed it at odds with the country’s position in the West Philippine Sea (WPS) amid talks of a joint energy exploration deal. This, as De Lima and her fellow members...
The Department of Social Welfare and Development (DSWD) said its cash assistance program for public utility vehicle (PUV) drivers has reached about 1.6 million beneficiaries nationwide, with nearly ₱8 billion already released as it completes final payouts scheduled across Metro Manila and nearby...
Motorists will need to brace for another round of over-a-peso fuel price hikes this week following the recent uptick in demand and the gradual easing of geopolitical tensions. According to the Department of Energy (DOE), gasoline will have a maximum price increase of up to ₱1.60 per liter, diesel...
Oil prices are projected to rise at a much slower pace next week than previously feared, tracking a late-week cooling in Asian refined product markets and the slight easing of geopolitical anxieties in the Middle East. Diesel retail prices are expected to increase by ₱0.40 to ₱0.60 per liter,...
Motorists face another round of fuel price increases next week, driven by persistent global supply disruptions and accelerating summer demand from the United States (US). Based on the first four days of trading under the Mean of Platts Singapore benchmark, retail diesel prices are projected to rise...
