Malacañang said the government is not downplaying the situation amid rising oil prices, as it announced the formation of a crisis committee even as it maintained that there is no oil crisis in the country so far. Presidential Communications Office (PCO) Undersecretary Claire Castro said this amid...
Amid escalating geopolitical tensions in the Middle East triggering a global oil crisis, the Department of Science and Technology (DOST), through the Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) and Palawan State University (PalSU), will...
The Senate has formed an ad-hoc committee that will be tasked to establish a comprehensive contingency plan to address the current oil crisis and prevent stagflation of the economy. Senate Majority Leader Juan Miguel “Migz” Zubiri expresses his full support for Senate Resolution No. 350, which...
Around 14,000 transport drivers in Manila are set to receive a P5,000 fuel subsidy, as part of the national government’s assistance program for sectors affected by the ongoing global oil crisis. Manila Mayor Francisco "Isko Moreno" Domagoso said the beneficiaries in the city include about 13,000...
Senators are now seeking to grant the President authority to suspend or reduce taxes on petroleum products during times of global oil supply disruptions due to external shocks. Sen. Francis “Chiz” Escudero and Sen. Francis “Kiko” Pangilinan each filed separate bill empowering a sitting...
DAVAO CITY – Cotabato Gov. Emmylou Taliño-Mendoza has reminded her constituents to tighten their belts and implement measures to mitigate the looming impact of Middle East conflict on the local economy. Mendoza issued the reminder as the crisis may disrupt oil supply chains and spike inflation....
BANGKOK., Thailand—President Ferdinand "Bongbong" Marcos Jr. intends to seek help from Saudi Arabia amid the oil crisis, duplicating the foreign country's aid to the Philippines back in the 1970s. President Ferdinand 'Bongbong' Marcos Jr. and Saudi Arabia's crown prince Mohammed bin Salman meet...
