Importation reliance and minimized shock price vulnerability are expected as the biofuel blend is set to increase this year, according to the Department of Energy (DOE). Michael Sinocruz, DOE Director for Energy Policy and Planning explained that because biofuel is locally produced, the country...
The consumption of biofuel in the Philippines is expected to increase this year due to a rise in fuel pool and the expected adoption of higher blending standards, the US Department of Agriculture (USDA) said. The USDA projected that the demand for fuel ethanol in the country would rise by eight...
There will be extended financial relief for consumers at the pumps next week, as oil prices are anticipated to have moderate rollback, based on the computation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.60 to P1.00 per liter; while...
The Department of Energy (DOE) is calling all relevant industry stakeholders to submit inputs to the planned enforcement of a Philippine National Standards (PNS), requiring a 20 percent ethanol blend to gasoline products. A notice issued by Atty. Rino Abad, director of the DOE-Oil Industry...
It is impossible to look to the future without putting sustainability at the forefront of present action. That is why for Manila Bulletin’s inaugural Sustainability Forum, anchored on the theme “Beyond Green,” audiences learned best practices from sustainability trailblazers who have...
The financial rebound of leading oil firm Petron Corporation is on its escalation phase as its nine-month income this year rose 64-percent to P8.2 billion from P4.99 billion in a comparative period last year. Operating income posted in the three quarters had also been robust at P16.5 billion,...
