The Department of Energy (DOE) is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​ "Ang sinasabi ng iba, may kartel. Syempre pag kausap ko naman yung mga industry...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
The Department of Energy (DoE) has categorically countered the planned buy-out and phaseout or retirement of coal-fired power plants in Mindanao, specifying that this is not part of a scenario set in the Philippine Energy Plan (PEP) in the next two decades. “The PEP is not yet looking at...
Gas will not flow yet from the Malampaya field, as the facility’s preventive maintenance shutdown has been extended for additional three days because of delayed repair works at its onshore platform’s flare tip. As sounded off by Manila Electric Company (Meralco), the naturally occurring...
Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy (DOE) can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22. (File photo / MANILA BULLETIN) DOE Assistant Secretary Gerardo Erguiza...
The Department of Energy (DOE) affirmed yesterday that ‘gas production decline’ at the Malampaya field will persist next year and until the project’s end of service contract in 2024. Energy Secretary Alfonso G. Cusi specified that gas restriction had been lingering from January 2020 to...
Aside from planning to temporarily stop the collection of excise taxes, the Department of Energy (DOE) is also studying the possibility of suspending the imposition of value added taxes (VAT) for petroleum products. If the pass on of 12-percent VAT -- which is another layer of taxes enforced on...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
The Department of Energy (DOE) is seeking the temporary suspension of the imposition of excise tax on fuel as oil price continues to soar in the past several months. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) DOE Secretary Alfonso Cusi said Wednesday, Oct. 20, that he wants it suspended during...
President Duterte has signed into law the regulatory framework for the safe operations of the liquefied petroleum gas (LPG) industry. LPG cylinders (Photo from Wikimedia Commons) Enacted was Republic Act (RA) No.11592, or the LPG Industry Regulation Act. It was approved by the President on Oct. 14,...
The Department of Science and Technology (DOST) and six other government agencies signed Monday, Oct.18, a “landmark” convergence pact to forge and promote “deeper” scientific and technological collaboration in an effort to optimize investments and impact of research and development...
