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ERC suspends power spot market, modifies pricing mechanism
The Energy Regulatory Commission (ERC) ordered the suspension of the operations of the Wholesale Electricity Spot Market (WESM) nationwide starting ... -
Marcos may issue EO on reduced fuel tax by mid-April, says DOF
President Ferdinand “Bongbong” Marcos Jr. may issue the executive order whether to suspend or reduce the excise tax rate on ... -
Russian oil arrives as Philippines battles ‘energy emergency’
BY AGENCE FRANCE-PRESSE A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a ... -
Marcos Jr. declares state of national energy emergency
President Ferdinand Marcos Jr. signed Executive Order (EO) No. 110 declaring a state of national energy emergency, due to the ... -
PH says working with Washington to obtain oil from US-sanctioned countries
By REUTERS The Philippines is working with Washington to secure waivers and exemptions so it can obtain oil from US-sanctioned ... -
ACTO, other transport groups to hold transport holiday on Monday due to surging fuel ...
The Alliance of Concerned Transport Organization (ACTO) announced that it will conduct a transport holiday on Monday, March 23, as ... -
US allows 30-day sale of Iran oil at sea in bid to tame prices
BY REUTERS The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday ... -
Joint statement on Strait of Hormuz by European nations, Japan, Canada
BY AFP and Reuters LONDON — Leading European nations, Japan and Canada issued a joint statement on Thursday saying they were ready ... -
Diesel expect to reach up to P130/liter, gasoline to over P100/liter next week
Oil industry insider disclosed that another round of mega price hike looming next week amid the ongoing petroleum crisis due ... -
PH gov’t to secure 2 million barrels of oil – DOF
The Philippine National Oil Company-Exploration Corp. (PNOC-EC), announced plans to secure at least two million barrels of oil as government ...
