Energy & Mining
DOE clears way for fuel tax suspension amid sharp price spikes, assures supply sufficiency
The Department of Energy has formally certified that the one-month average price of Dubai crude oil has surpassed the $80-per-barrel threshold set by Republic Act 12316, triggering the process to consider suspending or reducing fuel excise taxes. From August 13 to September 11, 2026, the benchmark averaged $99.41 per barrel.
Dominion shareholders clear merger for Tampakan control
Dominion Holdings Inc. (DHI) shareholders approved the company’s merger with Indophil Resources Phils. Inc. and Sonar Holdings Inc., clearing a major corporate hurdle in its bid to gain control of the Tampakan copper-gold project in South Cotabato.
MGEN says Terra Solar 2 project remains preliminary
Meralco PowerGen Corp. (MGEN) said its proposed Terra Solar 2 project remains in the early stages of evaluation, tempering earlier reports of a potential expansion of its large-scale renewable energy portfolio.
BIR removes VAT on electricity system loss charges
The Bureau of Internal Revenue (BIR) has removed value-added tax (VAT) from allowable electricity system loss charges, giving consumers another potential reduction in their power bills as the government moves to ease electricity costs through administrative measures.
Bishops oppose SOCOTECO II-Ignite power deal, seek board suspension
Catholic bishops have joined mounting opposition to the proposed joint venture between South Cotabato II Electric Cooperative (SOCOTECO II) and Ignite Power and Energy Holdings, urging the Ombudsman to suspend cooperative board members facing complaints over the controversial deal.
