Shell Pilipinas Corp. reported a 69 percent surge in full-year net income for last year, overcoming volatility in global oil markets through a shift toward high-margin commercial segments and leaner logistics. In a disclosure to the Philippine Stock Exchange on Thursday, March 26, Shell Pilipinas...
With the country now under a state of national energy emergency, regulators have moved swiftly to contain the impact of surging global fuel prices, suspending the power spot market and rolling out emergency measures to stabilize electricity supply and prices. To reduce supply risks amid the...
COTABATO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) assured on Tuesday that fuel stations across the region are compliant with prevailing market trends, following a week-long monitoring effort. Since last week, the Ministry of Environment, Natural Resources and Energy...
Thousands of transport workers in Manila will receive financial assistance as the city government rolls out P17.3 million in fuel subsidies to help drivers cope with the continuing rise in global oil prices. The assistance, provided through the fuel subsidy program of the Department of Social...
Manila City Mayor “Isko Moreno” on Monday announced the early release of P1.76 billion in financial assistance, incentives, and barangay shares to support residents and keep the city’s economy moving, to help Manileños from the impact of rising global oil prices. The funding package, sourced...
BACOLOD CITY – This highly-urbanized city will form a monitoring team to oversee all gas stations as fuel prices continue to rise due to the overseas conflict. This was discussed during an alignment meeting led by City Administrator Mark Mayo attended by Mayor Greg Gasataya at the Bacolod City...
The country’s infrastructure program faces potential cost increases from rising global oil prices but construction projects nationwide will continue as planned, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said Tuesday, March 10. Dizon said many government infrastructure...
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...
Sixteen gasoline stations in Echague, Isabela were issued notices of violation for allegedly selling overpriced petroleum products. Their violations were discovered during an inspection conducted by the Municipal Fuel Monitoring and Enforcement Team (MFMET) under Executive Order No. 07, Series of...
BACOLOD CITY – The Police Regional Office-Negros Island Region (PRO-NIR) has intensified monitoring and coordination efforts with partner agencies and local government units (LGUs) to ensure the stability of fuel supply and maintain peace and order amid global developments that could impact oil...
Senator Imee Marcos has filed a resolution seeking to conduct an inquiry in aid of legislation into the country 's energy reserves as well as the government 's mitigation responses to "energy shock". Marcos filed P.S. Resolution No. 333 on Tuesday, March 3, amid the escalating conflict...
Citing the mounting burden on small farmers, the Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, March 3, denounced the latest oil price hike and urged the government to provide urgent subsidies as Middle East tensions threaten to push global crude prices even higher. KMP said oil firms...
