Senator Sherwin Gatchalian urged government agencies on Thursday, March 26, to act swiftly to secure additional petroleum supplies amid growing uncertainty in the global market. Gatchalian said this during the second organizational meeting, specifically calling on the Department of Energy (DOE)...
A unified government framework is needed to effectively address the global fuel and energy disruptions amid the continuing conflict in the Middle East, Sen. Francis “Chiz” Escudero said on Thursday, March 26. Escudero made the call as he welcomed President Marcos’ signing of Executive Order...
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...
The Philippine National Police (PNP) has not monitored any significant incidents that threatened peace and order during the first day of the two-day transport strike launched to protest the rising fuel prices. PNP chief Gen. Jose Melencio C. Nartatez, Jr. said police units in Metro Manila and other...
Malacañang said that the Philippines has always been “sincere” in its engagements with China, amid renewed discussions on possible joint oil and gas exploration. Presidential Communications Office (PCO) Undersecretary Claire Castro said this after the Chinese Embassy in Manila said Beijing is...
Oil industries expressed support for the removal of the 12 percent value-added tax (VAT) on petroleum products at the point of importation, saying the move would be easier to implement and would directly lower pump prices. During the second organization meeting of the Senate Proactive Response and...
Shell Pilipinas Corp. reported a 69 percent surge in full-year net income for last year, overcoming volatility in global oil markets through a shift toward high-margin commercial segments and leaner logistics. In a disclosure to the Philippine Stock Exchange on Thursday, March 26, Shell Pilipinas...
The Chinese embassy in Manila has welcomed President Marcos ' pronouncement that the Philippines is open to the possibility of joint oil exploration with China amid the looming oil crisis brought by the Middle East conflict. Guo Wei, deputy spokesman for the embassy, said setting aside both...
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...
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...
Amid the series of big-time oil price increases in the past few weeks, at least two major groups of bus operators urged President Marcos to reconsider his decision to suspend the implementation of the fare adjustments for public utility vehicles (PUVs). In two separate letters addressed to the...
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...
