PARIS (AP) — A group representing many of the world 's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz....
By JAYFERSON COMITAN For Jerry Capino, a jeepney driver, the surging prices of diesel and oil products means a lot of belt-tightening measures, including splitting his meal in half to cope with the crisis. “’Yung isang pirasong isda na tilapia, iyon na lang ang ulam ko. Kalahati sa umaga,...
BACOLOD CITY – This highly-urbanized city will form a monitoring team to oversee all gas stations as fuel prices continue to rise due to the overseas conflict. This was discussed during an alignment meeting led by City Administrator Mark Mayo attended by Mayor Greg Gasataya at the Bacolod City...
BAGUIO CITY – The city government said Wednesday that gasoline stations here are generally compliant with measures against overpricing and hoarding of fuel. Darryl Kim Longid, head of the city’s Public Order and Safety Division, in a video statement posted by the Public Information Office, said...
BACOLOD CITY – The Bacolod City Police Office (BCPO) is heightening its alert on the possible increase in crimes against property as a result of rising fuel prices. “We are crafting action plans in case of domino effect. Looting, theft, and robbery cases might increase. The Philippine National...
Around 14,000 transport drivers in Manila are set to receive a P5,000 fuel subsidy, as part of the national government’s assistance program for sectors affected by the ongoing global oil crisis. Manila Mayor Francisco "Isko Moreno" Domagoso said the beneficiaries in the city include about 13,000...
The Department of Energy (DOE) has proposed allowing limited imports of biofuels to help lower gasoline pump prices amid rising global oil costs. During a Senate Committee on Energy hearing, Energy Secretary Sharon Garin said the country still has a sufficient supply of refined products such as...
President Marcos has ordered the immediate distribution of a P5,000 fuel subsidy for public utility drivers affected by rising oil prices amid ongoing tensions and conflict in the Middle East. Executive Secretary Ralph Recto said the financial assistance will be distributed starting next week to...
President Marcos said he would certify as urgent a proposed emergency powers bill aimed at enabling the government to respond quickly to spikes in global oil prices brought about by the tension in the Middle East. Speaking to reporters in New York on Tuesday, March 10 (New York time), the President...
BACOLOD CITY – The City Treasurer’s Office (CTO) is monitoring gasoline stations here to ensure strict compliance with oil price regulations as global market pressures continue to drive up fuel costs. The monitoring followed the announcement of the Department of Energy (DOE) regarding...
Senator Francis “Chiz” Escudero on Tuesday, March 10 called on law enforcement agencies to strictly enforce the law to shield Filipino families from opportunists seeking to take advantage of the ongoing war in the Middle East. While global instability continues to drive uncertainty in oil...
The country’s infrastructure program faces potential cost increases from rising global oil prices but construction projects nationwide will continue as planned, Department of Public Works and Highways (DPWH) Secretary Vince Dizon said Tuesday, March 10. Dizon said many government infrastructure...
