9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Pump prices may hit the Php100 per liter mark should conflict overseas continue, according to the Department of Energy (DOE). “So, pag tumataas pa nang tumaas ito, eh talagang papalo tayo doon,”
Petron Corporation, the country’s largest oil firm, registered a net income of Php6.14 billion in 2021, a reversal from the Php11.4 billion net loss in 2020. The company said it sold 82.24
In order to cushion soaring pump prices, the government doubled its budget for the Pantawid Pasada program to Php5 billion from the initial Php 2.5 billion. The first tranche of the subsidies
Senate President Vicente “Tito” Sotto III said that Pres. Rodrigo Duterte can call for a special session in Congress where they could review Republic Act 8479 or the Oil Deregulation Law. In
The Department of Energy (DOE) has reiterated its call to amend Republic Act 8479 or the Oil Deregulation Act to help ease the soaring fuel prices amid the ongoing conflicts between Russia
The government will be allotting Php2.5 billion for fuel subsidies for the public transport sector as oil prices continue to rise amid the ongoing conflict between Russia and Ukraine. In a report
While the Philippines does not directly import crude oil from Russia and Ukraine, local pump prices can be affected by the ongoing conflict between the two countries. In a report by BusinessMirror,
To help address the adverse effects of the continuing oil price hikes in the country, especially to vulnerable sectors like public transport, Sen. Sherwin Gatchalian is looking to file a bill to
The government is concerned that oil prices may be hitting $100 per barrel soon, but says it’s “ready,” according to Finance Sec. Carlos Dominguez III. In an interview with CNBC on Friday,
Energy Sec. Alfonso Cusi is looking at oil prices rolling back in the coming months as global oil prices gradually normalize. In a televised interview on Wednesday morning, Cusi said that oil
