The House of Representatives has created the Fuel Crisis Ad Hoc Committee that will discuss the economic impact of the fuel crisis in a special meeting on Monday. House Committee on Ways and Means Chairman Joey Sarte Salceda said Speaker Lord Allan Velasco created the ad hoc panel amid growing…
In the midst of the political campaign, Senate President Vicente C. Sotto III on Wednesday, March 3 said he is agreeable to hold plenary sessions to amend the Oil Deregulation law if President Duterte calls Congress to a special session. Sotto issued this statement on appeals for Malacanang to amen
Energy Secretary Alfonso G. Cusi (File photo) MANILA - Department of Energy (DOE) Secretary Alfonso G. Cusi on Wednesday assured the public on the sufficiency of the country's oil supply amid the Russia-Ukraine conflict. Cusi, however, cautioned against the inevitability of domestic price spikes, reflecting upward global market movements. "We are not lacking in supply given that we source our crude oil requirements primarily from the Middle East, and finished products from Asia-Pacific. However, the impact of the Ukraine crisis on international oil markets does have a direct effect on our prices," Cusi said at the virtual Kapihan sa Manila Bay Forum with Marichu Villanueva. Cusi renewed his appeal to everyone "to observe energy efficiency and conservation measures during this critical period." The Russia-Ukraine situation, Cusi said, further underscores the importance of attaining energy security and independence for a country like the Philippines. "Our cou
Senator Sherwin Gatchalian on Friday called on the government to formulate measures aimed at cushioning the possible impact of the conflict between Russia and Ukraine on the country’s oil prices. “As oil pundits would say about oil prices - it's 80 percent speculation and 20 percent actual price