Energy & Mining
Fuel prices rise; two-week hikes hit up to P6.15/L
Fuel prices will go up across all categories for the second consecutive week, further raising costs for households, transport operators, and businesses nationwide, the Department of Energy (DOE) confirmed on Monday. Starting 6 a.m. on August 25, per-liter prices will increase by P1.08 for gasoline, P2.31 for diesel, and P0.95 for kerosene. Seaoil has already confirmed it will implement these adjustments, with a slight difference for kerosene at a P0.91 per liter hike instead of the projected P0.95.
Meralco upgrades North Port Substation to boost Manila power reliability
Meralco, led by Manuel V. Pangilinan, has upgraded its North Port Substation in Tondo to strengthen network safety and service reliability.
Middle East conflicts force another weekly spike in local fuel prices
Filipino motorists face yet another round of pump price increases this coming Tuesday, underscoring the ongoing volatility of domestic fuel costs driven by compounding international crises. According to Jetti Petroleum president Leo Bellas, gasoline prices are projected to rise between P1 and P1.50 per liter, while diesel prices could jump by P1.75 to P2.25 per liter. This upcoming price hike follows the previous week’s substantial surge of P2.49 per liter for gasoline, P3.84 for diesel, and P5.01 for kerosene, highlighting how rapidly fuel rates are creeping higher almost every single week.
PNB Holdings, First Gen expand ties with 5MW renewable energy supply deal
PNB Holdings Corporation (PHC), the real estate arm of Philippine National Bank, has signed a deal with First Gen Group, the country’s leading renewable energy firm, for the direct supply of over 5 megawatts (MW) of clean power to two of its flagship properties, deepening ties between the Lucio Tan Group and the energy company.
Marcos EO 122 sets unified critical minerals policy, links mining growth to shared national progress
President Ferdinand R. Marcos Jr. has issued Executive Order No. 122, establishing for the first time a single national policy framework to develop the country’s critical minerals sector—an action designed to position the country as a key player in the global clean-energy and technology supply chain while delivering broad economic and social benefits for Filipinos. Signed August 21, the order also restructures the Mining Industry Coordinating Council (MICC) to drive coordinated, strategic growth across the industry.
