Energy & Mining

Fuel prices in the country are expected to increase again this week, driven by global oil market pressures linked to ongoing conflict in the Middle East.

A renewable energy unit of Nickel Asia Corporation has secured ₱9.36 billion in financing for a solar power project in Leyte.

Governments, businesses, and households must act quickly to reduce oil consumption as markets remain under strain, the International Energy Agency said, outlining a set of urgent measures to ease pressure on supply and prices.

Energy Secretary Sharon Garin said the Philippines has secured “safe and preferential access” through the Strait of Hormuz, a move aimed at reducing supply risks amid rising global tensions, but one that will not immediately lower pump prices.

Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, is rolling out operational and workforce measures to cushion the impact of the country’s newly declared energy emergency, as rising fuel costs threaten mobility, supply chains, and day-to-day expenses.