The government received its initial shipment of imported diesel on Thursday, March 26, marking the start of a state-led effort to stabilize domestic fuel stocks and insulate the economy from global price volatility. The Department of Energy said the agency took delivery of approximately 22,578,000...
SM Supermalls will shorten operating hours across its locations starting March 30 as the country grapples with the declared national energy emergency. In a statement, the retail unit of SM Prime Holdings Inc. said TSM Supermalls’ shopping centers will adjust their opening times to 11 a.m. from...
Flag carrier Philippine Airlines (PAL) is cutting down its international and domestic connectivity from regional airports as it looks to optimize services to minimize the impact of the Middle East conflict on its operations. In an advisory on Thursday, March 26, PAL said it is implementing...
While Philippine monetary authorities maintained the current policy rate at 4.25 percent in a rare off-cycle meeting, the Bangko Sentral ng Pilipinas (BSP) said it would hike key interest rates if second-round effects from war-driven oil supply shocks occur. “Once we see second-round effects from...
Petron Corp., the only oil refiner in the Philippines, is seeking permission from the United States (US) government to process Russian crude as the company attempts to bypass supply disruptions triggered by conflict in the Middle East. The move comes as the Sierra Leone-flagged tanker Sara Sky...
Batangas 1st district Rep. Leandro Legarda Leviste is asking the national government to limit to ₱10 billion its expenditures for the Philippines ' hosting of the Association of Southeast Asian Nations (ASEAN) Summit this year. Leviste said this move alone would generate savings of...
House Deputy Speaker Bacolod City lone district Rep. Albee Benitez has rejected the notion that congressmen have only been preoccupied with impeachment hearings, saying they 've also been looking for ways to address the fuel price crisis. "Impeachment lang ang inisiip nilang ginagawa namin,...
Malacañang on Thursday, March 26, clarified that essential government services such as ambulance, police, fire, and health operations will not be affected by the government’s energy conservation measures amid rising global fuel prices. Executive Secretary Ralph Recto said agencies delivering...
For jeepney drivers, "tigil‑pasada" was more than a protest; it was a desperate cry for survival. Thousands of commuters were left stranded along España Boulevard, Quiapo, Taft Avenue, and other major thoroughfares in Manila, as members of MANIBELA halted operations, highlighting the human...
Senate Deputy Majority Leader Joseph Victor “JV” Ejercito on Wednesday, March 25 said he welcomes President Ferdinand “Bongbong” Marcos Jr.’s declaration of a state of national energy emergency but the directive is already “a bit too late.” That is why Ejercito said the government...
What 's the use of the prevailing Price Act if it doesn 't cover fuel products? The Makabayan bloc sought to correct this on Wednesday, March 25 by filing House Bill (HB) No. 8765, which would amend the 34-year-old law and include gasoline and diesel as prime commodities. "HB No.8765 will...
Having ample fuel inventory is one thing, but paying for it is another. While energy officials tout procurement that stretches into May, the reality at the gas pump remains grim as another round of price hikes is expected next week. Based on the two-day trading average at Mean of Platts Singapore...
