Prices of gasoline, diesel, and kerosene will go up today, October 11, oil firms announced on Monday. Caltex, Shell Philippines, Phoenix Petroleum Philippines, and PTT Philippines said prices of gasoline will increase by P0.85 per liter while diesel prices will rise by P1.55 per liter effective 6 a.m., Tuesday. Read more here.
DOE Chief to review energy mix targets
NEW Energy Secretary Alfonso G. Cusi expects to open his term of office reviewing the target energy mix set by the previous government of 30% each generated from coal, natural gas and renewables, as well as 10% from fuel oil. Whatever the outcome of the review, Mr. Cusi was quoted by Reuters as saying that…
NPC seeks P1.65-B cost recovery in missionary areas
The National Power Corp. (Napocor) is seeking to recover around P1.65 billion in fuel costs incurred in the delivery of power in off-grid areas during the second half of 2014. In a filing with the Energy Regulatory Commission (ERC), the state-run firm is asking the power regulator to grant its application for its 14th generation…
Caltex to build 30 new gas stations
Chevron Philippines Inc. (CPI) is putting up over 30 new retail stations in existing and new growth areas this year, as it launched a new gasoline product to maintain its position among the top three oil players in the country. The oil firm will add 32 new service stations across the country, adding to around…
DOE, Petron hold Euro 4 Fuel Eco Run
The Department of Energy (DOE), in partnership with Petron Corp., conducted the Euro 4 Fuel Eco Run 2016 past 12 midnight Friday to promote fuel economy awareness among consumers. Read more here.
Oil prices at 6-month peak on fears of supply deficit
Oil prices shot up to six-and-a-half month peaks Monday as Goldman Sachs said the market faces a short-term supply deficit due to production outages. Read more here.
First Gen profit to boost on 2 new plants
Lopez-led First Gen Corp. expects a positive boost this year coming from the start of operations of its two new natural gas-fired power plants in Batangas, the 97MW Avion and the 414MW San Gabriel plants, company officials said yesterday. Read more here.
DMCI sends gensets to Palawan, Masbate for polls
Off-grid supplier DMCI Power Corp. (DPC) is deploying several generators with a total capacity of 10 megawatts (MW) in Masbate and Palawan to ensure reliable power supply during the May 9 polls. Read more here.
April inflation up by 1.1% due to cheaper fuels
Prices of goods and services in the country rose by 1.1 percent in April, slower than the 2.2 percent posted a year ago, according to data released by the government. Read more here.
DOE and Petron partner for Euro 4 fuel run
The DOE has partnered with Petron Corp. for the country’s first Euro 4 fuel economy run, which will be the basis for an expanded energy efficiency standards for motor vehicles. Read more here.