The Department of Energy warns that fuel prices could increase by up to P10 per liter in the coming weeks due to global oil market tensions between the US and Iran, with subsidies considered if crude hits USD80 per barrel.
President Ferdinand Marcos Jr. confirms the Philippines has sufficient oil reserves to last 50-60 days, despite escalating Middle East tensions that may drive global price increases.
Rising geopolitical tensions in the Middle East are impacting global energy markets, potentially increasing electricity and fuel prices in the Philippines, warns Davao Light and Power Company.
Following Supreme Court rulings, Davao Light's expansion into Davao del Norte and Davao de Oro proceeds. Consumers outline expectations for cheaper rates, reliable power, and transparency.
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Energy Secretary Sharon Garin confirms domestic fuel reserves are adequate, with oil companies holding triple the minimum requirement. Measures are underway to ensure stability despite Middle East disruptions affecting 98% of crude imports.
The Supreme Court of the Philippines has dismissed petitions challenging the constitutionality of Republic Act No. 12144, affirming Davao Light's expanded electric distribution franchise and enabling an orderly transition in service areas.
The Department of Energy confirms the Philippines' fuel supply remains sufficient and stable despite Middle East tensions, with no disruptions to deliveries nationwide, including Mindanao.
Senator Francis 'Chiz' Escudero urges the Department of Energy to implement a contingency plan to protect consumers and industries from potential oil price spikes due to Middle East tensions.
President Ferdinand Marcos Jr. confirms the Philippines has 50-60 days of fuel reserves but warns ongoing Middle East tensions could drive up oil prices. Plans include subsidies and free bus rides to mitigate economic effects.
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Global oil prices spike due to Middle East conflicts, raising fuel costs in the Philippines by up to P1.90 per liter. This impacts transportation, inflation, and household budgets, straining the economy reliant on imports.
Fuel prices in the Philippines rise for the eighth consecutive week due to Middle East tensions, with gasoline up P1.90/liter, diesel P1.20/liter, and kerosene P1.50/liter, following attacks on Iran.
Iloilo City Mayor Raisa Treñas emphasizes the advantages of hosting the 49th ASEAN High-Level Task Force meeting, including tourism training, digital platform links, and investment prospects.
Pilipinas Shell, Seaoil, Cleanfuel, Caltex, and Petrogazz announce significant price increases for diesel, gasoline, and kerosene effective March 3, 2026, citing impacts from US-Iran military strikes.
Board Member Al David Uy demands Davao Light prioritize reliable electricity for Talikud Island, warning that ongoing brownouts threaten tourism and economic growth amid bridge development.
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The National Grid Corporation of the Philippines announces a 12-hour and 3-hour power interruption in parts of Iloilo City for maintenance, while More Power reduces electricity rates for February.
Senator Francis 'Chiz' Escudero calls for Senate action on SB 498 to provide benefits for power sector workers, linking it to energy affordability and transition efforts.
Gasoline and diesel prices are projected to increase significantly next week, with gasoline potentially rising by PHP1.40 to PHP1.60 per liter, driven by ongoing Middle East conflicts and production issues in Asia.
Davao Light has officially taken control of power distribution in Samal after a court order, with company president clarifying Supreme Court ruling validity.
NGCP has successfully energized the Unidos-Caticlan 69kV line in Aklan, completing restoration ahead of its March 2026 target. The project faced challenges like mountainous terrain and weather, but early completion ensures stable power for the ASEAN Summi
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The SM Seaside Cebu Arena, opening in June 2026, aims to generate P1 billion in economic contributions for Cebu by 2029, enhancing the MICE industry with a 25,000-seat venue.
Secretary Leo Tereso Magno of MinDA emphasizes how the 77th PAL Interclub golf tournament boosts Davao's tourism and business, with record participation and local benefits.
Major oil companies in the Philippines, including Shell and Caltex, announced price increases for diesel, kerosene, and gasoline effective February 24, 2026, marking the seventh straight week of hikes due to geopolitical tensions.
Fuel prices will increase again on February 24, 2026, with diesel and kerosene up by P1.20 per liter and gasoline by P0.60 per liter, marking the seventh consecutive weekly hike due to geopolitical tensions and market factors.
Multiple power interruptions are planned across Cebu from February 22 to 28, 2026, affecting areas in Cebu City, Mandaue, Naga, and more. Outages aim to upgrade infrastructure and ensure safety.
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Clark International Airport Corporation announces the upcoming opening of Clark Aviation Capital Picnic Grounds, a free public park featuring recreational amenities, flood mitigation, and preserved century-old acacia trees.
Mindanao Development Authority Chairperson Sec. Leo Tereso Magno announced at the Energy Investment Forum that Mindanao now supplies about 400 megawatts to Luzon and Visayas, marking a shift from energy insecurity to becoming a national power exporter.
Clark Development Corporation and OzooDevelopment Corporation have signed a lease agreement for a 200-hectare integrated development, including a golf resort, expected to create 570 jobs and incorporate smart city technologies.
The Department of Science and Technology (DOST) has announced its readiness to assist in discussions and assessments on nuclear energy use in the Philippines, emphasizing safety and policy clarity.
Davao Light announces a significant reduction in residential electricity rates for February 2026, with prices falling to P10.30/kWh from P11.72/kWh due to lower wholesale market costs.
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The Philippine government has unveiled a six-year strategic plan to transform farm tourism into a key economic driver, aiming to generate jobs and investments in rural areas through enhanced coordination between agriculture and tourism sectors.
