Energy & Mining

Petron Corp., the country’s largest oil refiner controlled by San Miguel Corp., closed 2025 with record-breaking results, reporting a net income of P15.6 billion, up 84 percent from P8.5 billion the previous year. 

President Ferdinand Marcos Jr assured Filipinos on Tuesday that the country’s fuel supply remains secure despite volatility in global oil markets triggered by escalating tensions between the United States and Iran.

Coal Asia Holdings Inc. reported that no minority shareholder tendered shares during its recent tender offer period, clearing the way for its planned transformation into a water utilities company without additional buyouts.

Fuel prices jump by more than P1 per liter this week, marking the eighth straight week of increases for gasoline and the ninth for diesel and kerosene, as global tensions in the Middle East continue to push oil costs higher.

The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) are speeding up the preparation of documents needed to release fuel subsidies to public utility vehicle (PUV) operators and drivers as global oil prices near $80 per barrel.