Malacañang said the government has yet to revisit plans on nuclear energy even as the country faces rising fuel prices driven by global tensions. In her press briefing on Monday, April 13, Presidential Communications Office (PCO) Undersecretary Claire Castro said there are currently no discussions...
Malacañang said the reported breakdown of talks between the United States and Iran is “not good news,” warning that escalating tensions in the Middle East could further drive up global oil prices. In a press briefing, Presidential Communications Office (PCO) Undersecretary Claire Castro said...
President Marcos lauded Filipinos for showing “bayanihan” or community spirit amid the ongoing oil crisis triggered by the conflict in the Middle East. In his latest vlog, the President called on the public to embody unity and compassion as the country faces rising fuel costs and economic...
Any potential resumption of discussion on oil agreement with China or other countries will be firmly anchored on Philippine sovereignty and in full compliance with the Constitution and existing laws, the Department of Foreign Affairs (DFA) said. In a statement on Sunday, April 12, the DFA said that...
ACT Teachers Party-list Rep. Antonio Tinio is worried over the possibly of Mindanao turning into a "platform for war" for the United States (US). This, as Tinio denounced reports that the US has opened bidding for a Defense Fuel Support Point (DFSP)—a planned military oil depot with 977,000...
A major rollback in fuel prices is set to take effect on Tuesday, April 14, offering relief to consumers amid recent volatility in global oil markets, President Marcos announced. “Simula Martes, April 14, may malaking rollback sa presyo ng langis (Starting Tuesday, April 14, there will be a big...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
The government is moving to wrap up the first round of cash assistance for public utility vehicle (PUV) drivers in the regions this month, as it ramps up support for the transport sector amid rising fuel costs. Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian said the...
As a global oil crisis drives fuel prices higher and deepens economic uncertainty, the Philippine government has escalated its response beyond traditional policy measures—turning its focus to the digital sphere by ordering Meta Platforms, Inc. to curb the spread of disinformation across its...
Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan’s call for an investigation on the alleged existence of an oil cartel is gaining traction in the House of Representatives. Mamamayang Liberal (ML) Party-list Rep. Leila de Lima, senior deputy minority leader;...
As part of its efforts to secure 900,000 barrels of diesel in April, the Department of Energy (DOE) announced the arrival of the second government-secured diesel shipment under its Emergency Energy Security Program, consisting of 329,000 barrels from Malaysia. The shipment, which equates to 52.311...
Motorists may finally see the start of fuel price easing, albeit slow, as final trading days point to the first double-digit rollback of the year. Based on a full week of trading on the Mean of Platts Singapore (MOPS), diesel prices are expected to drop by approximately ₱8.80 to ₱10.80 per...
