Meralco to review fuel costs as Middle East war raising power rates

MANILA, Philippines — Manila Electric Co. (Meralco), the country’s largest power distributor, will assess its fuel sourcing as the worsening conflict in the Middle East pushes oil prices higher, affecting electricity rates. “Meralco will review its current fuel position—especially LNG (liquefied natural gas), the likely impact on the price of coal, the price of diesel—as these