Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
ILOILO CITY – Environmental groups have sought an investigation over an oil spill in Guimaras last week. “We are calling on state agencies to expedite fact-finding efforts to ensure that responsible actors are identified and held accountable,” said global environmental organization Greenpeace...
Senator Imee Marcos has called on the government to aggressively pursue direct government-to-government (G2G) oil procurement to cushion the impact of the ongoing global oil crisis. Marcos pointed this out as she questioned the government’s inability to pursue a G2G deal with Russia. The...
A joint police operation led by the Criminal Investigation and Detection Group (CIDG) in Batangas resulted in the arrest of a male suspect involved in the illegal trading and distribution of petroleum products, locally known as “paihi,” on Friday night. Agents of the CIDG Batangas Provincial...
Motorists face a sharp reversal at the fuel pumps next week as the three-week streak of price cuts comes to a halt amid escalating geopolitical tensions and tightening regional supplies. Based on the four-day trading average of the Mean of Platts Singapore, the industry’s regional benchmark,...
Motorists face a sharp reversal in fuel pricing next week as escalating geopolitical tensions in the Middle East disrupt a brief period of relief at the pump. Based on the first three-day trading average Mean of Platts Singapore (MOPS), diesel could halt its double-digit rollback by increasing its...
The Department of Energy (DOE) is working to minimize the risks of price shocks in off-grid areas through coordination with other government agencies and state-run firms in the energy sector. According to Energy Secretary Sharon Garin, the DOE is actively coordinating with the National...
The Marcos administration is halting government-led fuel imports for May as national storage facilities approach their limit, energy officials said on Monday, April 27. The Department of Energy (DOE) will pause new procurement following the arrival of 900,000 barrels of diesel this month,...
Senator Risa Hontiveros on Monday, April 27 warned that the government may need an emergency supplemental budget higher than the P52.8-billion she earlier proposed if the Middle East conflict and the subsequent oil crisis extends to May and beyond. In a radio interview, Hontiveros said the...
Senator Erwin Tulfo on Sunday, April 26 called on Congress to fast track the review and revision of the Oil Deregulation Law, noting that some existing provisions of the are disadvantageous to most Filipinos. "The government is limited by the law from controlling or dictating oil prices,” Tulfo...
Tensions in the Middle East are threatening to derail a cooling trend in global energy markets, as fresh supply disruptions at critical chokepoints signal a potential return to volatility for Filipino consumers. While initial trading early in the week pointed toward significant relief at the pump,...
Israeli Ambassador to the Philippines, Dana Kursh, renewed calls for peace and de-escalation in the Middle East, warning that escalating tensions involving Iran are already impacting global stability and economies, including the Philippines. During a media brunch she hosted on April 23, Kursh said...
