Energy & Mining
ERC approves higher refund for Meralco customers, may shorten payout period
The Energy Regulatory Commission (ERC) has provisionally approved a higher refund of P19.96 billion for Manila Electric Co. (Meralco) customers, equivalent to P0.1189 per kilowatt-hour (kWh). This is larger than Meralco’s original proposal of P19.1 billion.
Fuel prices plunge; President Marcos promises relief
A substantial rollback in fuel prices will take effect next week, delivering much-needed relief to consumers, with diesel expected to fall by more than P24 per liter, gasoline by P3.41, and kerosene by P2, according to government estimates.
Marcos suspends LPG, kerosene excise taxes for relief
President Ferdinand R. Marcos Jr. has issued the executive order suspending for three months the excise taxes on liquefied petroleum gas (LPG) and kerosene that aimed at cushioning households from elevated global oil prices amid an ongoing energy emergency.
Luzon Grid under yellow alert due to power plant outages
The Luzon power grid was placed under a yellow alert from 4 p.m. to 10 p.m. on Thursday, April 16, due to several power plants going offline.
Fuel price rollback seen next week; diesel may drop up to ₱20/L
A local fuel retailer said pump prices are expected to go down again next week, with gasoline possibly dropping by ₱2 to ₱3 per liter and diesel by as much as ₱18 to ₱20 per liter.
