THE Federation of Philippine Industries (FPI) said the government has agreed to a request by the federation to look into allegations that imported palm olein is being used illegally in fuel blending. In a statement on Tuesday, FPI said its chairman, Jesus L. Arranza, had written the Office of the President detailing the alleged fuel […]
Tag: fuel
Napocor to cut service to SPUG areas due to high diesel prices
THE National Electrification Administration (NEA) said on Thursday that National Power Corp. (Napocor) will reduce services to areas served by its Small Power Utilities Group (SPUG) due to the high price of diesel fuel. “Starting Feb. 1, Napocor will implement the reduction of electricity service in SPUG areas due to fuel shortages and the delay […]
Senator lashes at Customs reps over ‘big-time’ fuel smuggling
THE SENATE Energy Committee chair called out customs officials in a hearing on Thursday for claiming to have no information on “big-time oil smugglers” and failing to prosecute those caught evading the fuel marking program. “This is the list of big-time oil smugglers,” Senator Rafael “Raffy” T. Tulfo, who chaired the hearing, said in a […]
SinoHytec Successfully Listed on the Main Board of HKEX
HONG KONG, Jan 12, 2023 – (ACN Newswire via SEAPRWire.com) – The leading provider of fuel cell systems in China – Beijing SinoHytec Co., Ltd. (“SinoHytec” or the “Company”, Stock Code: 2402), has successfully listed and commenced dealings on the Main Board of the Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange” or […]
SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million
HONG KONG, Dec 29, 2022 – (ACN Newswire via SEAPRWire.com) – The leading provider of fuel cell systems in China – Beijing SinoHytec Co., Ltd. (“SinoHytec” or the “Company”, Stock Code: 2402), today announced the proposed listing of its shares on the Main Board of the Stock Exchange of Hong Kong Limited ( the “Hong […]
Solar estimated to have eliminated $78M in PHL fossil fuel spending
SOLAR POWER helped do away with an estimated $78 million in Philippine spending on fossil fuels in the first half of 2022, with the potential to realize more in savings, three think tanks said in a report. According to a report issued by Ember, the Centre for Research on Energy and Clean Air (CREA) and […]
High fuel prices seen dampening fisheries output in fourth quarter
FISHERIES production in the fourth quarter is expected to suffer due to high fuel prices, which prevented many fisherfolk from heading out to sea, an association of small fishermen said. The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (PAMALAKAYA) said in a statement on Tuesday that its members are also taking on other jobs because […]
Price cap set for red onion at P170/kilo in Metro Manila
THE Department of Agriculture (DA) said it set a suggested retail price (SRP) of P170/kilogram for red onion sold in wet markets in the National Capital Region. “We had a stakeholders’ meeting with our onion farmers, traders, retailers, and we came to the conclusion to create an SRP. We have had this approved. This will […]
Fuel subsidy distributed to 10,000 farmers, fisherfolk in Soccsksargen
THE Department of Agriculture (DA) is currently distributing a tranche of the fuel subsidy to nearly 10,000 registered farmers and fisherfolk in Soccsksargen. “One of the most substantial operational expenses in farming and fishing is fuel,” the DA said in a statement. As of Sept. 27, oil companies have raised the price of fuel by […]
Sri Lanka’s economy shrinks 8.4% amid fertilizer, fuel shortages
COLOMBO – Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertilizer and fuel shortages during the nation’s most severe financial crisis in more than seven decades. An acute dollar shortage, caused by economic mismanagement and the impact […]
Fisherfolk seek bigger budget for fuel
THE FISHING sector needs a bigger budget for fuel subsidies amid spiraling oil prices, according to a fishers’ group. “No one is exempted from the oil price increases, so we are calling on the department to increase the budget for fuel assistance and other stimulus programs to boost agriculture and fisheries production,” Pamalakaya National Chairman […]
Diesel, gasoline price rollback expected this week
MOTORISTS have something to look forward this week as fuel pump prices are expected to be rolled back after two straight weeks of hikes.Based on its fuel forecast for Sept. 6-12, 2022, Unioil Philippines said diesel should go down by P1.50 to P1.70 per liter.Gasoline, meanwhile, should go down by P2.50 to P2.70 per liter, […]
Pertamina saves US$402.46 million amid rising global oil prices
JAKARTA, Sep 3, 2022 – (ACN Newswire via SEAPRWire.com) – State-owned oil and gas company PT Pertamina succeeded in saving operational costs of around Rp6 trillion (US$402.46 million) until July 2022 through several efficiency programs amid rising world oil prices that increased fuel production costs. PT Pertamina head office building (ANTARA/HO-PT Pertamina) She explained that […]
Fuel fund relief should be sustainable — PNOC
THE PHILIPPINE National Oil Co. (PNOC) on Wednesday asked senators to include a clause in the 2023 General Appropriations Act (GAA) that will make the proposed targeted fuel relief fund sustainable. “We need a special provision in the GAA that will make the targeted fuel relief fund, with a budgeted amount of P2.5 billion, become […]
Safety regulations seen as ‘first step’ in nuclear power shift
By Alyssa Nicole O. Tan, Reporter THE Philippines is running late with its regulatory preparations for a safe nuclear power transition, the head of the Senate energy committee said. Senator Rafael T. Tulfo said a law is needed to lay down standards for the incorporation of nuclear power companies, the construction of power plants, and […]
971 farmers, fisherfolk in southern Cebu get P3,000 fuel assistance
AT LEAST 971 farmers and fishermen in southern Cebu received a fuel discount card each from the Department of Agriculture in Central Visayas (DA 7) that will be used for their livelihood.Each fuel discount card contains P3,000 worth of fuel credits from partner oil companies that could help mitigate the impact of rising oil prices.Of […]
Why we resist the suspension of fuel taxes and the reversal of other hard reforms
The latest Pulse Asia Survey poll on the public’s most pressing concerns reveals that inflation is the most urgent issue among Filipinos (57%), followed by other economic issues such as workers’ incomes (46%), poverty (33%), and jobs (29%)1. The data show how highly concerned most of us are about the uncertainties of post-COVID recovery and […]
Big-time fuel prie rollback expected this week
GOOD news for motorists as pump prices of fuel are projected to drop by more than P5 next week, according to industry estimates.In its fuel forecast for July 12-18, 2022, Unioil Philippines said that diesel are expected to go down by P5.90 to P6 per liter.Gasoline is also forecast to drop by P5.50 to P5.70 […]
Davide urges PB to craft measures to lessen impact of fuel crisis; Gwen to revive ‘Tindahan sa Kapitolyo’
CEBU Province’s top two officials are seeking ways to help Cebuanos cope with the effects of the ongoing fuel crisis.Vice Gov. Hilario “Junjun” Davide III urged members of the Provincial Board (PB) to craft measures to help their constituents cope with the fuel crisis’ effects, particularly on basic commodities.Davide made the call when the PB […]
Diesel, gasoline price rollback seen this week
MOTORISTS could take a breather in the coming week as pump prices of petroleum products are expected to go down.This came after five straight weeks of price hikes for diesel and four consecutive weeks of increase for gasoline.Based on its fuel price forecast for the July 5 to 11 trading days, Unioil Philippines said the […]