Oil prices down today
MANILA, Philippines — In separate advisories, oil companies implemented a rollback on pump prices of P0.75 per liter for gasoline, P0.90 for diesel and P1.05 for kerosene.
Energy latest news
Green groups wary as gov’t partners with gas giants for VIP protection
MANILA, Philippines — The Department of Environment and Natural Resources (DENR) on Tuesday announced a partnership with the country’s three largest conglomerates to protect and conserve the Verde Island Passage (VIP), a move met with concern due to the companies’ gas projects in the area.
COMMENTARY: Is Cebu 100% renewable energy-ready?
MANILA, Philippines — There has been a lot of discussion lately about the Philippines' energy security. It is highly understandable given the country's economic growth rate that currently leads the pack among equally fast-growing ASEAN and Asian economies.
‘Bring CA ruling on power rate hikes to SC’
MANILA, Philippines — An official of the House of Representatives called on the Energy Regulatory Commission (ERC) to elevate to the Supreme Court (SC) a December 2023 Court of Appeals (CA) ruling that could pave the way for higher power rates to the detriment of consumers.
Another oil price cut seen next week
MANILA, Philippines — Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero.
Gatchalian urges PH to go nuclear
SEN. Sherwin Gatchalian said on Friday that the Philippine government must be open to the use of alternative sources of energy, including nuclear power.
Leviste acquires 8.5% stake in ABS-CBN
MANILA, Philippines — Businessman Leandro Leviste, a son of Sen. Loren Legarda, has acquired a stake in ABS-CBN Corp., the media giant of the Lopez family.
Leviste acquires 8.5% stake of ABS-CBN
MANILA, Philippines — Entrepreneur Leandro Leviste, founder of renewable energy firm Solar Philippines, purchased P76.5 million worth of shares of ABS-CBN Corp. or 8.5% of the network.