The Department of Foreign Affairs stated that any oil and gas cooperation agreement with China or other foreign governments will strictly adhere to the Philippine Constitution and laws, asserting the country's sovereign prerogatives.

Malacañang announced that President Marcos is expected to reveal his decision today regarding the excise tax on petroleum products, amidst public questioning on whether he will suspend or reduce it to mitigate soaring oil prices.

MANILA, Philippines — Diesel pump prices are projected to decrease by P20.89 per liter starting April 14, while gasoline prices are expected to go down by P4.43 per liter and kerosene by P8.50 per…

Gas royalties from the Malampaya Deep Water Gas-to-Power Project can be utilized by the Philippine National Oil Co. to develop new coastal petroleum storage facilities, enhancing the country's energy security.

Migrant workers are leaving India as a severe liquefied petroleum gas (LPG) shortage, triggered by the blockade of the Strait of Hormuz and the Middle East conflict, impacts the country which relies heavily on imports.