Patrick Miguel

MANILA, Philippines — Pump prices for fuel products may decrease next week, the Department of Energy Oil Industry Management Bureau assistant director Rodela Romero said.

MANILA, Philippines — In separate advisories, oil companies implemented a rollback on pump prices of P0.25 per liter for gasoline, P0.45 for diesel and P0.90 for kerosene.

Pangilinan-led power firm Manila Electric Co. reported a consolidated core net income of P10.1 billion in the first quarter, up by 11 percent from P9 billion in the same period last year.

NexGen Energy Corp., a wholly owned subsidiary of Pure Energy Holdings Corp. and a sister company of publicly listed Repower Energy Development Corp., is keen on its own initial public offering as it prepares to develop over 2,350 megawatts of solar and wind power projects over the next 10 years.

The Senate should take swift action on a proposed legislation that would lay down state policy for the full development of the Philippine natural gas industry as the measure is a legislative priority of President Marcos, according to key members of the House of Representatives.

Manila Electric Co. will proceed on conducting a formal feasibility study for its development of micro modular reactors, a nuclear power system, following the completion of its pre-feasibility study.

State-run Land Bank of the Philippines has partnered with Philippine National Oil Co. for the installation of rooftop solar panels.

The Energy Regulatory Commission has suspended the Wholesale Electricity Spot Market due to a series of red alerts in the Luzon and Visayas grids since April 16.

MANILA, Philippines — Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero.

MANILA, Philippines — Manila Electric Co. (Meralco) expects its sales to grow by six to eight percent from April to June, according to chief commercial officer Ferdinand Geluz.