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Agriculture Secretary Francisco P. Tiu Laurel Jr. said that the Department of Energy (DOE) has assured him that farmers and fisherfolk are allowed to buy petroleum products in portable containers, as long as they comply with rules designed to prevent hoarding and ensure equitable fuel distribution during the national energy emergency.

The Bangko Sentral ng Pilipinas (BSP) said just this week that higher global oil prices are not unexpected and are already factored into its policy planning. This develops as it assesses the impact on inflation, economic growth, and the future path of monetary easing.

Business sentiment in the Philippines improved in February 2026, before the onset of the ongoing war in the Middle East, according to the latest survey.

A fresh report from Agile Data Solutions Inc. suggests the latest spike in global oil prices could reshape how Filipinos think about mobility, potentially accelerating interest in electric vehicles (EVs), but not without persistent hurdles.