President Ferdinand R. Marcos Jr. has ordered the creation of a crisis committee to ensure stable oil supply and protect consumers from the impacts of Middle East conflicts, with no current shortage reported.
Fuel prices have skyrocketed by up to 60% due to the Iran conflict, severely impacting public transport and threatening economic stability. Lawmakers propose tax suspensions as drivers demand subsidies.
Davao Light and Power Co. has raised residential electricity rates to P10.63 per kWh for March-April 2026, citing higher Wholesale Electricity Spot Market prices. The increase adds about P65-66 to typical 200 kWh monthly bills.
Criminal Investigation and Detection Group operatives in Mandaue City raided a house used as an illegal LPG warehouse in Bogo City, seizing goods worth P269,000 and arresting a suspect.
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Senator Francis Escudero has filed Senate Bill No. 1993 to establish a National Strategic Fuel Reserve in Limay, Bataan, with a capacity for 90-180 days of national consumption to enhance energy security and stabilize prices during global disruptions.
President Ferdinand Marcos Jr. has certified the bill amending the Biofuels Act of 2006 as urgent, aiming to mitigate rising oil prices and enhance national energy security amid geopolitical tensions.
House Speaker Faustino 'Bojie' Dy III announced a government-wide effort to swiftly pass legislation allowing temporary suspension of mandatory biofuel blending, following President Marcos Jr.'s urgent certification.
DOE Secretary Sharon Garin expresses hope that the Malampaya East-1 gas reserve can be utilized soon to help address the intensifying oil crisis, pending technical and investment approvals.
The Philippines has reached an all-time high in oil prices following a second consecutive major price hike, as confirmed by the Department of Energy. Secretary Sharon Garin warns of even higher costs in remote areas, with increases nearing P50 for diesel.
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The International Energy Agency has authorized the immediate release of strategic oil reserves to Asia-Pacific nations to counter supply shortages from Middle East tensions, marking the largest emergency action in history.
The Philippines is exploring oil imports from Russia as part of a strategy to diversify fuel sources, aiming to reduce local prices and ensure supply stability amid Middle East tensions affecting current crude imports.
A massive blackout in Cuba, caused by a national grid failure, has left nearly 10 million residents without power, exacerbated by a US oil blockade limiting fuel imports and straining the country's energy infrastructure.
The Maritime Industry Authority has authorized a maximum 20% fare adjustment for passenger and cargo vessels in response to anticipated double-digit oil price hikes, urging operators to optimize routes and capacity.
The Department of Energy forecasts diesel prices could soar to P114 per liter in Metro Manila this week, despite oil companies staggering increases over days to ease the impact on motorists.
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A Philippine congressman is advocating for the creation of a government-managed Strategic Petroleum Reserve to enhance energy security and protect the economy from global oil supply disruptions.
The Department of Energy confirms sufficient oil inventory for over 40 days, with measures against hoarding and plans to diversify sources, amid high prices and Middle East conflicts.
Diesel hits P99 per liter, with further hikes expected as Middle East tensions disrupt oil shipments, prompting a potential shift to electric vehicles and bicycles for transportation alternatives.
The LTFRB-Davao Region is actively helping PUV and PUJ operators prepare for the government's fuel subsidy program, which allocates P2.5 billion to mitigate rising fuel costs driven by global conflicts.
The Department of Energy warns of significant fuel price increases in the Philippines, with diesel potentially hitting P114 per liter due to global oil market volatility and Middle East tensions.
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Clark Development Corporation officials have called for immediate energy conservation and responsible fuel use within Clark Freeport, citing global supply disruptions. President Agnes Devanadera emphasized shared responsibility and practical daily habits.
Executive Secretary Ralph G. Recto and Energy Secretary Sharon Garin led a meeting with oil executives to ensure stable fuel supply and prevent excessive price hikes, amid global volatility and President Marcos's push for urgent tax relief measures.
Davao Light and Power Company initiates vegetation clearing along distribution lines in Island Garden City of Samal, warning residents of potential temporary power interruptions during maintenance work.
The Department of Energy announces a significant fuel price hike starting March 16, 2026, with diesel increasing by P20.40 to P23.90 per liter, gasoline by P12.90 to P16.60, and kerosene by P6.90 to P8.90, implemented in a staggered manner.
President Ferdinand Marcos Jr. has certified as urgent a proposal to amend the Biofuels Act of 2006 to address potential oil price spikes from Middle East tensions, aiming to boost energy security and protect consumers.
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Electric cooperatives Pelco-3 and Pelco-2 report significant reductions in electricity rates across multiple Pampanga towns for March 2026, even as global fuel prices continue to climb.
The Department of Energy announces a significant oil price increase starting March 16, 2026, with diesel up P20.40-P23.90 per liter, gasoline up P12.90-P16.60, and kerosene up P6.90-P8.90, to be implemented on a staggered basis.
Governor Lilia G. Pineda issues Executive Order No. 03 mandating energy conservation measures and flexible work arrangements for provincial employees due to global oil price surges from Middle East conflict.
Fisherman Jamlo Villaber struggles as fuel costs soar, cutting into his daily earnings from swaki fishing. Island-hopping operators in Cordova also face profit losses, awaiting fare adjustments from authorities.
The Philippines is considering purchasing oil from Russia after the U.S. temporarily allowed sanctioned Russian crude shipments, as global energy tensions rise due to Middle East conflicts.
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Foreign Affairs Secretary Ma. Theresa Lazaro confirms the Philippines is considering importing oil from Russia following a temporary U.S. waiver on sanctions, as Middle East conflicts disrupt global energy supplies.
