With the country now under a state of national energy emergency, regulators have moved swiftly to contain the impact of surging global fuel prices, suspending the power spot market and rolling out emergency measures to stabilize electricity supply and prices. To reduce supply risks amid the...
The declaration of a state of national energy emergency, precipitated by the escalating conflict in the Middle East, underscores the Philippines’ vulnerability to external shocks. As a nation heavily dependent on imported fuel, geopolitical instability in a region central to global energy supply...
BAGUIO CITY – The local market rice retailers ' association here said Wednesday they are doing their best to cushion the effect of fuel price increases on their commodity while ensuring a buffer supply for city residents. John Paul Peralta, spokesperson of the Baguio City market rice...
Phoenix rode on the hot hands of Ricci Rivero to send Terrafirma crashing back to earth, 133-105, in the PBA Season 50 Commissioner’s Cup at the Ynares Center in Antipolo on Wednesday, March 25. The Fuel Masters stepped on the gas pedal in the blistering third quarter assault and broke the game...
ILOILO CITY – The Iloilo City government has released fuel subsidies to tricycle drivers to help ease the impact of rising fuel prices due to the Middle East conflict. The Iloilo City government started distributing coupons on Wednesday, March 25, for Tricycle Operators and Drivers Association...
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...
The Coalition of Filipino Commuters (PasaHero), a commuter group, said on Wednesday, March 25, that the suspension of the planned fare hike helped ease the burden on the riding public. They said it prevents further strain on daily transportation expenses amid the continuing rise in fuel costs...
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...
To cushion Filipinos from surging pump prices and fuel shortages caused by ongoing Middle East tensions, the Department of Budget and Management (DBM) approved the release of ₱20 billion to the Department of Energy (DOE). “The move comes amid escalating geopolitical tensions in the Middle East...
President Marcos said there is a possibility of grounding flights due to the lack of jet fuel amid the ongoing impacts of the conflict in the Middle East. Although Marcos hopes that it will not happen, it would be a possibility, he said in an interview with Bloomberg. "We are hoping not, but that...
House "Young Guns" bloc member Davao Oriental 2nd district Rep. Cheeno Miguel Almario is asking authorities to look into the possibility of temporarily reducing the operating hours of malls as an energy-saving measure. Almario filed last March 17 House Resolution (HR) No. 893, which urged the...
President Marcos said ferry and bus operators have committed not to increase fares this Holy Week despite rising fuel prices. In an interview with Bloomberg aired on Tuesday, March 24, the President said the commitment is part of the government’s efforts to ease the burden on commuters and the...
