Latest in oil pricesTransport workers will continue to benefit from the fuel subsidy under the Uplift framework, ongoing service contracting, and ₱176 million for the Public Transport Modernization Program under the Marcos administration’s proposed 2027 national budget, Budget Secretary Kim Robert De Leon said…
A Senate special committee formed to assess the economic impact of the Iran conflict has seen 22 of its 50 recommendations already implemented by the executive branch, Senate President Win Gatchalian said Saturday, as oil prices are expected to decline following a peace accord between Iran and the…
The government is eyeing a property owned by the Philippine National Oil Company (PNOC) in Bataan as the site for the country’s first Strategic Petroleum Reserve, with the Maharlika Investment Corporation set to help finance the initiative, a senior Palace official revealed Saturday.…
The government’s ₱10-per-liter fuel discount program for public utility vehicles has expanded from a pilot run in Metro Manila to nationwide coverage, with more than 5,000 gas stations now participating, a senior Palace official said Saturday, June 6. Undersecretary Erwin Sta. Ana of the Office of…
Philippine inflation slowed to 6.8% in May from 7.2% in April, but a senior official from the Office of the Executive Secretary (OES) warned Saturday that the development is not a cause for celebration, as three key price drivers—oil, electricity, and rice—remain elevated and together account for…
The Marcos administration will continue its fuel subsidy program for public utility vehicle operators for as long as oil prices remain elevated, with no fixed end date but projections running through the end of 2026, Malacañang said. The Office of the Executive Secretary (OES) said the Department…
As tensions in the Middle East continue to rattle global oil markets, one energy industry leader is pointing Filipinos toward a solution they can install on their own rooftops. Tetchi Capellan, chairperson of the Philippine Solar and Storage Energy Alliance, made the case in an interview on DZRH…
If you have been thinking about putting solar panels on your roof, the numbers may finally convince you to act. Tetchi Capellan, chairperson of the Philippine Solar and Storage Energy Alliance (PSSEA), laid out the case in an interview on DZRH News program Special on Saturday on May 9, saying the…
Philippine inflation surged to 7.2% year-on-year in April 2026, the fastest pace in more than three years. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort on Tuesday, May 5, attributed the acceleration largely to the ongoing war in the Middle East, which has sent fuel…
Before the first US-Israeli strikes on Iran in March, the world was not bracing for an oil crisis—it was sitting on too much oil. That is the argument an economist is making as he pushes back against the prevailing assumption that high fuel prices are a permanent new reality. University of Asia…
Low-income households in Metro Manila could see their savings erased even under a conservative 5 percent inflation scenario driven by the ongoing oil crisis, an economist warned. University of Asia and the Pacific (UA&P) School of Economics Dean Dr. Peter Lee U put the numbers plainly during a…
The Philippines may be enduring one of its final oil crises, with an economist arguing that electric vehicles and remote work are dismantling the structural vulnerability that has made every fuel shock a national emergency. University of Asia and the Pacific (UA&P) School of Economics Dean Dr.…
The Government Service Insurance System (GSIS) is offering solar panel loans of up to ₱500,000 at a 5% annual interest rate, payable over five years, as rising electricity costs driven by the ongoing US-Iran conflict push more Filipinos to consider renewable energy alternatives. GSIS President and…
Chinese government scientists are warning that this year’s El Niño could drive up global demand for fossil fuels and compound the energy price increases triggered by the ongoing Iran crisis. The South China Morning Post (SCMP), citing the China Meteorological Administration, reported that…
The war in Iran is sending shockwaves through global oil markets, pushing petrol prices to record highs and driving a surge in secondhand electric vehicle sales. The average cost of petrol in the European Union rose 12% to 1.84 euros per litre from late February to mid-March, according to European…
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