Government agencies are being urged to find remedies that could help cushion the oil price impact on consumers, especially the public transport sector, as petroleum products are anticipated to go back to their upward price trend. Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian, noted...
Long drives during this Holy Week may prove to be punishing for motorists as the price of gasoline products will be up by P1.40 per liter this week, while diesel prices will rise by P0.50 per liter. Additionally, oil companies announced that the price of kerosene will slightly increase by P0.20 per...
HONG KONG/RIYADH  – Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day. The West Texas Intermediate contract jumped 5.74 percent to $80.01 a barrel,...
Motorists using gasoline-fed vehicles will need to cough up higher budget for fuel this week as the price of this commodity will rise by P1.00 per liter, as advised by oil companies. For diesel, there will be a slight reduction of P0.10 per liter, while kerosene prices will be down by P0.60 per...
Prices of petroleum commodities will be on hefty upticks next week, as calculated by the industry players. Based on estimates by oil companies, the price of gasoline products will rise by P3.00 to P3.40 per liter, while diesel will have an increase of P2.20 to P2.60 per liter. Additionally,...
Albay 2nd district Rep. Joey Salceda would rather look a the bright side amid the Philippines' rather depressing 8.1 percent inflation rate for December 2022, which pushes the whole year average to 5.8 percent. Albay 2nd district Rep. Joey Salceda (Facebook) “There is good reason to believe that...
Hefty oil price hikes will greet consumers at the domestic pumps in the New Year, as the cost of fuel commodities will rise by Tuesday, Jan. 3, according to the oil companies. Based on the calculation of the industry players, the initial salvo of price escalations for 2023 had been estimated at...
Consumers can enjoy continued financial relief on their fuel budgets next week, as domestic pump prices will be on another round of significant price rollbacks on Tuesday, Dec. 6 based on the calculation of the industry players. Gasoline prices may be trimmed by P1.90 to P2.30 per liter while...
Domestic oil companies jacked up the increase in prices of diesel products to P6.85 per liter, P1.00 higher than their previous actual calculation based on the swing of the Mean of Platts Singapore (MOPS) from last week’s trading. The adjusted price hike for diesel was attributed to premium...
Happy days are over as new wave of oil price hike looms again with anticipated upticks in prices of petroleum commodities next week with diesel and kerosene prices having heftier increases, based on initial calculation of the oil companies. According to the industry players, the price of diesel...
Filipino consumers can continue to breathe a sigh of relief, however tiny the rollback maybe, on their weekly fuel budgets as pump prices are due to come down again by Tuesday, Aug. 16, based on the calculation of the oil companies. According to the industry players, diesel prices will be reduced...
Following dramatic plunge in international oil prices last week, Filipino motorists can enjoy continued reduction in prices at the pumps as gasoline product costs will be trimmed by P2.10 per liter, while diesel prices will be on rollback by P2.20 per liter effective Tuesday, Aug. 9. Oil companies...
