DOE Secretary Sharon Garin explains that safe passage for Philippine-flagged vessels in the Hormuz Strait won't immediately lower oil prices, citing global supply chain effects and ongoing energy priorities.
OPEC+ has agreed to increase oil production quotas by 206,000 barrels per day starting in May, following airstrikes on key facilities in the Middle East. The group warns of potential market volatility and supply disruptions.
Senator Loren Legarda files Senate Bill No. 2020, the Bayanihan 3: Power to the People Act, aiming to mitigate the global oil crisis impact. The bill proposes measures to lower fuel and electricity prices, ensure food supply, and offer direct aid to affec
Senator Loren Legarda introduces Senate Bill No. 2020, aiming to empower the government with price controls and regulatory authority over the oil industry to address the ongoing energy crisis and protect consumers.
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Former DOE Undersecretary Atty. Jose Layug Jr. insists any joint oil exploration with China in the West Philippine Sea must adhere to a 60-40 revenue sharing in favor of the Philippines, citing limited national resources for independent exploration.
Cagayan de Oro City has officially declared a State of Energy Emergency, with the City Council approving a P441 million disaster fund release for fuel and food subsidies to affected sectors, including transport workers and vulnerable groups.
The Department of Energy assures the Philippines has a 50-day oil supply buffer, with 900,000 barrels arriving this April, though fuel prices remain elevated in urban areas.
The Department of Energy announces President Marcos Jr. has approved two Petroleum Service Contracts in Cebu and Leyte to boost energy security and reduce oil imports.
Long lines formed at a Davao City gas station as rumors of an energy lockdown sparked panic buying. The DOE clarifies no lockdown exists, urges public to avoid hoarding, and reports stable fuel supply and prices in the region.
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Clark Development Corporation suspends a P1 per liter regulatory fee on fuel for two months to ease costs for businesses during the national energy emergency, while promoting renewable energy solutions.
The Philippine Competition Commission and IEMOP held a strategic policy dialogue to address competition issues and switching barriers in the retail electricity market, aiming to enhance consumer choice and market efficiency.
Shell Philippines has announced a significant fuel price increase effective April 7, 2026, with diesel rising by P19.80 per liter, kerosene by P9.10, and gasoline by P5.90. This comes amid global oil market turmoil due to ongoing Middle East conflicts.
Pilipinas Shell announces a sharp fuel price increase on April 7, 2026, with diesel up by P19.80 per liter, amid global energy crises. The government responds with P2.4 billion in subsidies for transport workers to mitigate impacts.
Pilipinas Shell will increase diesel by P19.80, kerosene by P9.10, and gasoline by P5.90 per liter on April 7, 2026, as global oil prices surge due to Middle East conflicts.
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The Strait of Hormuz blockade drives up petroleum prices, prompting urgent questions about Malacañang's energy strategy and the revival of the Bataan Nuclear Power Plant debate amid Asia's highest electricity rates.
Cebu faces soaring electricity bills due to global fuel price hikes, prompting consumer group Cera to demand a shift to local renewable energy sources like solar and wind to protect consumers.
Northern Davao Electric Cooperative rejects Tagum Chamber's allegations of deliberate destruction during court-ordered office turnover to Davao Light, calling the controversy sensationalized propaganda.
The Philippine government refutes viral social media posts about an impending energy lockdown, emphasizing ongoing efforts to secure alternative fuel sources and expand subsidies amid Middle East tensions.
Malacañang supports private companies' voluntary work-from-home arrangements as a 'big help' in conserving energy during rising fuel costs, while debunking fake news about an 'energy lockdown' and detailing government measures.
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Aboitiz InfraCapital and its units introduce hybrid work, virtual transactions, and sustainability efforts to address the national energy emergency and Middle East conflict impacts.
President Ferdinand Marcos Jr. announced the Philippines maintains a 51-day oil reserve buffer, with new crude orders and a P20 billion fund to secure additional stocks amid Middle East unrest.
A vessel carrying 2.48 million barrels of Russian crude oil has reached the Philippines, providing critical relief during a national energy emergency declared due to Middle East conflicts disrupting global supplies.
Energy Secretary Sharon Garin confirms adequate domestic fuel supply until mid-May despite global disruptions from the USA-Israel-Iran conflict. The government has secured over 1 million barrels of diesel through international agreements.
President Marcos announces a 51-day oil supply buffer, with new diesel shipments and P20 billion funding for additional stocks. Measures include tax suspension and renewable energy dispatch to stabilize prices amid Middle East tensions.
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A new Senate proposal seeks to impose price controls on petroleum products like diesel and gasoline during crises, extending coverage from 15 to 30 days to address gaps in current laws.
Following the declaration of a State of National Energy Emergency, the Bureau of Internal Revenue has issued a special permit to enable PNOC Exploration Corporation to conduct emergency fuel imports, ensuring continuous energy supply for the Philippines.
The Philippines' fuel inventory has increased to 50.94 days, up from 45 days, due to recent purchases including diesel from Japan, as the DOE assures supply stability during the Middle East crisis.
A new round of oil price increases is effective today, with gasoline up by P2.50 per liter, diesel by P12.50, and kerosene by P2.00. The government assures a 50-day supply amid global price surges.
Five gas stations in Ilocos Norte have shut down due to an oil supply crisis linked to the ongoing Middle East conflict, as confirmed by police officials.
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The LPG Marketers Association warns retailers against selling 11-kilo tanks above P1,500 in Luzon and P1,600 in Visayas and Mindanao, citing rising shipping costs and Middle East tensions.
