The Department of Energy (DOE) on Wednesday announced the installation of three transformers at the Calangatan Switching Station in Oriental Mindoro to improve electricity service on the island.
Facing volatile oil prices and rising energy security risks, the Philippine government is considering a temporary loosening of fuel standards to widen supply sources and ease costs.
The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).
A proposed measure in the House of Representatives of the Philippines could temporarily ease the country’s biofuel blending mandate as lawmakers look for tools to stabilize pump prices during periods of oil market turbulence.