PH still the world’s top rice importer

Jordeene B. Lagare 05/13/2024

The Philippines is likely to remain the world’s top rice importer, according to the US Department of Agriculture (USDA). This year, rice imports are projected to rise to 4.1 million metric tons, a 5.1 percent increase from…

Fuel price rollback: Gasoline down by P2 per liter, diesel by 50¢

Jordeene B. Lagare 05/13/2024

MANILA, Philippines — Motorists can expect fuel pump prices to drop this week for the third time in a row, starting Tuesday, May 14. Local oil companies in separate advisories announced a reduction of P2 per liter…

Yuchengco unit reports breakthrough in first solar plant in Bohol

Jordeene B. Lagare 05/12/2024

MANILA, Philippines — Rizal Green Energy Corp. (RGEC), a unit of Yuchengco-led PetroGreen Energy Corp. (PGEC), took another step in developing the P1.2-billion first solar power plant in Bohol province with the installation of photovoltaic (PV) panels.…

DA: Agri damage due to El Niño nears P6B

Jordeene B. Lagare 05/03/2024

MANILA, Philippines — The ongoing El Niño drought is still causing serious damage to crops and animals nationwide, with losses now exceeding a third of what the Department of Agriculture (DA) reported just a week ago. As of…

Fuel price rollback expected this week

Jordeene B. Lagare 04/28/2024

MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an…

Luzon, Visayas in red, yellow alerts for 2 weeks now

Jordeene B. Lagare 04/27/2024

Red and yellow alert levels have been raised across the Philippines, mainly in Luzon and the Visayas, for two weeks now due to some power plants not being operational. The National Grid Corp. of the Philippines (NGCP),…

Red and yellow alerts continue for Luzon, Visayas grids on Thursday

Jordeene B. Lagare 04/18/2024

MANILA, Philippines — The National Grid Corp. of the Philippines (NGCP) issued red and yellow alerts in Luzon and Visayas tor the third consecutive day today, April 18, because several power plants are unavailable. According to NGCP’s…

Coal still dominates as renewables grow in PH’s power mix

Jordeene B. Lagare 04/12/2024

MANILA, Philippines — Coal-fired power plants continue to dominate energy generation in the Philippines, even as renewable energy sources have also seen growth in their contribution to the power grid’s capacity. According to the Department of Energy…

Big-time increase: Oil prices to go up by P1.10 to P1.55

Jordeene B. Lagare 04/08/2024

MANILA, Philippines — Local oil companies are raising petroleum prices starting Tuesday, April 9, marking the fourth consecutive week of increases. Gasoline prices will go up by P1.10 per liter, diesel by P1.55 per liter, and kerosene…

Costly electricity expected until May as summer demand rises

Jordeene B. Lagare 04/01/2024

Electricity prices are expected to rise during the summer months in the Philippines due to increased demand, according to the Independent Electricity Market Operator of the Philippines (Iemop). Assistant manager Chris Warren Manalo said that the average…

Oil price hike: Gasoline up by P2.20/liter, diesel by P1.40

Jordeene B. Lagare 03/25/2024

MANILA, Philippines — Oil companies will raise fuel prices starting Tuesday, March 26. Gasoline will go up by P2.20 per liter, while diesel and kerosene will increase by P1.40 and P1.30 per liter, respectively. Pilipinas Shell and…

Fuel price cut expected this week

Jordeene B. Lagare 03/10/2024

Fuel prices are expected to decrease slightly again following a minimal downward price adjustment previously, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel might go down by 20 to…

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