President Ferdinand "Bongbong" Marcos Jr. is expecting a more stable and cheaper energy prices for the Filipino people with the expanded development of Malampaya gas field and the blending of imported liquified natural gas (LNG). In a meeting with Prime Energy Resources Development in Malacañang,...
Motorists will gain financial relief at the pumps this week as the price of gasoline and diesel products will be on rollback by P0.70 per liter, based on the pricing adjustment advisories of the oil companies. For kerosene products, the industry players similarly announced price cuts of P0.85 per...
Consumers will have a bit of luck in the days ahead as liquefied petroleum gas (LPG) prices will be on rollback by P3.70 to P3.73 per kilogram (kg) this July, while prices at the domestic pumps will likewise be on downtrend by Tuesday (July 4), based on the calculation of the industry players. For...
Trade and Industry (DTI) Secretary Alfredo E. Pascual ordered Friday, June 6, a price freeze on basic goods in Albay following the declaration of a state of calamity in the province due to the continued unrest of Mayon Volcano. "Through DTI's provincial office in Albay, I have ordered a price freeze...
An expansive range of stakeholders from the Central Visayas business community expressed “strong opposition” on the proposed P150 daily minimum wage hike, warning of an “inflationary effect” once such measure by the legislative branch is passed into law. A joint statement from Central...
A "differentiated pricing" is being proposed on the offshore wind (OSW) technologies that shall be deployed for projects in the country to consider divergent cost calculations on tariffs for the fixed bottom and floating OSW solutions. In a briefing with the media, Pierre-Antoine Tetard, vice...
There will be a fleeting moment of financial relief on consumers’ pockets next week, as prices at the domestic pumps will be on rollback, based on the calculation by oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.45 to P0.75 per liter; while...
Trade and Industry Secretary Alfredo E. Pascual said that based on the agency’s market monitoring, supplies of basic goods in the groceries are enough for the next 2-4 weeks. Pascual made this assurance after meeting with manufacturers of basic necessities and prime commodities (BNPCs) as...
Consumers will have mixed emotions on their drive to petroleum pumps this week, as gasoline users will have their pockets squeezed by a relatively hefty spike; while diesel prices would be unchanged. The industry players announced that gasoline prices will rise by P1.10 per liter as had been...
Motorists using gasoline products in their vehicles will have to brace for heavier financial burden next week, as the price of this commodity is anticipated to rise by more than P1.00 per liter, based on the initial estimate of the oil companies. According to industry players, gasoline prices will...
The drive of consumers to petroleum pumps this week will take a little pinch on their pockets, as the price of gasoline products will rise by P0.80 per liter and diesel will go up by P0.60 per liter. For vital industries as well as households that have been leaning on kerosene products, they will...
Despite fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery. According to Energy Secretary Raphael P.M. Lotilla, the pricing...
