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...
The Department of Social Welfare and Development (DSWD) has ordered transport network companies (TNCs) to submit corrected and verified lists of driver-beneficiaries by Monday, April 27, as it moves to finalize validation procedures for its cash relief program for transport workers. DSWD Secretary...
Shell Pilipinas Corp. will slash fuel prices by ₱5 pesos per liter for one week starting Friday, as the local unit of the global energy giant seeks to capture larger share of the domestic retail market amid fluctuating global oil benchmarks. In a statement, Shell said the promotional discount,...
The Department of Social Welfare and Development (DSWD) said as much as ₱2.7 billion in financial assistance for transport network vehicle service (TNVS), motorcycle taxi, and delivery drivers could have been lost to duplicate or questionable entries if payouts were coursed through e-wallets...
ALAMINOS, Laguna – Police arrested three drivers and a helper for pilfering gasoline from a tanker on Wednesday night, April 22, on the Alaminos-Lipa Bypass Road in Barangay San Miguel, this town. The suspects were identified as drivers Roberto, 34; Fernan, 33; and Mark Paolo Samson, 29, and...
Diesel prices are set for another substantial reduction next week as regional benchmarks retreat, though renewed Middle Eastern volatility threatens to stall the downward momentum in gasoline prices. Based on the first three days of trading for the Mean of Platts Singapore (MOPS), the regional...
