Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Fuel price hike: A wake-up call for PH to accelerate RE shift
Manila Bulletin
|June 22 2025
The escalating tensions in the Middle East, which are expected to drive up fuel prices significantly, should prompt the Philippines to accelerate its transition to renewable energy (RE), according to a trade envoy.
George Freeman, the United Kingdom's (UK) trade envoy to the Philippines, said that whenever a conflict emerges in the Middle East, price volatility is the inevitable outcome, as the region is a major player in the global oil supply.
"And I know people in the Philippines, people in the UK, may not think that the war in the Middle East is directly affecting them, but it is because it's putting the cost of oil up, the cost of every product that uses oil up," he said in a media roundtable.
Based on four days of trading in the global oil market, gasoline prices could rise by P2.50 to P3.20 per liter next week.
Diesel prices are also expected to go up by P4.30 to as much as P4.80 per liter.
The Department of Energy (DOE) cited the ongoing conflict between Israel and Iran as the cause of this price surge.
Esta historia es de la edición June 22 2025 de Manila Bulletin.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Manila Bulletin
Manila Bulletin
5.7 M students to benefit from Free College Law next year
Around 5.7 million students in State Universities and Colleges (SUC) and Local Universities and Colleges (LUC) are expected to benefit from the Free College Law next year, Senator Paolo “Bam” Aquino IV said on Friday, Nov. 28.
1 mins
November 29, 2025
Manila Bulletin
What makes Northern Mindanao a memorable destination?
How community-based tourism leaves lasting memories
2 mins
November 29, 2025
Manila Bulletin
Manila joins CPTPP aspirants list
The formal process to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could begin next year for the Philippines after its membership bid was recognized by the bloc's top brass, the Department of Trade and Industry (DTI) said.
2 mins
November 29, 2025
Manila Bulletin
ICC rejects Duterte's release
The International Criminal Court (ICC) Appeals Chamber has unanimously confirmed the decision rejecting the request for former president Rodrigo Duterte's interim release, ruling once again that his detention remains necessary.
1 mins
November 29, 2025
Manila Bulletin
Diesel price may be rolled back by ₱3.20
Motorists are set for a steep drop in fuel prices, a respite after months of price volatility.
1 min
November 29, 2025
Manila Bulletin
Tariff headwinds fail to halt record exports
Despite lingering United States (US) tariff headwinds, the Philippines’ goods exports during the first 10 months of 2025 reached a new record high, while imports recorded the second-highest level on record, the Philippine Statistics Authority (PSA) reported.
2 mins
November 29, 2025
Manila Bulletin
Marcos goes after Zaldy Co's air assets; Alcantara returns ₱110 M
President Marcos has ordered transport and aviation authorities to coordinate with their counterparts in Malaysia and Singapore to track down helicopters and aircraft allegedly linked to former congressman Zaldy Co, saying the government will not allow stolen public assets to be used to evade the law.
4 mins
November 29, 2025
Manila Bulletin
Nuclear not threat to JERA's PH LNG
Transition energy giant JERA Co. Inc. sees the growing openness of multilateral development banks (MDBs) to finance nuclear power as complementary—not a threat—to its liquefied natural gas (LNG) business, as both technologies can play distinct roles in helping developing countries like the Philippines manage the “energy trilemma” of security, affordability, and sustainability, according to a top official.
2 mins
November 29, 2025
Manila Bulletin
Mickey Mouse and friends take over Singapore
Changi Airport and Jewel unveil Disney's year-end activities
1 mins
November 29, 2025
Manila Bulletin
PBBM, Isko, open new health, housing facilities in Manila
President Ferdinand R. Marcos Jr. and Manila Mayor Francisco “Isko Moreno” Domagoso unveiled a series of major health and housing facilities in the city on Thursday, Nov. 27, highlighting Manila's rapid expansion of public services through new laboratories, clinics, hospitals, and in-city housing projects.
1 mins
November 29, 2025
Listen
Translate
Change font size