The Manila Electric Company (Meralco) has announced a reduction in electricity rates for October, while motorists should prepare for significant increases in fuel prices next week. Meralco said that electricity rates will decrease by P0.3587 per kilowatt-hour (kWh), bringing the overall cost for a...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
A significant weight will be lifted off from consumers’ pockets this week, as the price of gasoline products will be on hefty reduction of P1.55 per liter; while diesel prices will also go down by P1.30 per liter. Kerosene, which is another commodity that is not just essential to household...
The Department of Energy (DOE) has instructed players in the deregulated downstream oil industry to assess the quality of their fuel products before these are retailed to customers – primarily if there had been infiltration of floodwaters in their underground storage facilities or if some...
There is a rainbow after the rain for consumers -- and that will be coming at the gas pumps as the oil companies calculated likely price rollback across products next week. Based on the outcome of three-day trading in the regional market, the estimated price cut for gasoline products would hover at...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
Exodus to the provinces will be agonizing on the pockets of consumers this week, as they will feel the tangible strain of hefty oil price hikes that are due for implementation at the domestic pumps this week. Based on the pricing advisories of the oil companies, the price of gasoline products will...
Consumers’ financial pain would be back at the pumps this week as the price of diesel products will rise by P1.30 per liter, while gasoline products will also escalate by P0.95 per liter, according to the pricing adjustment advisories of the industry players. Kerosene, which is the other...
Filipino consumers will brace for new wave of roller coaster ride of hefty price hikes at the oil pumps next week, with diesel rising by as much as P1.20 to P1.70 per liter, based on the calculation of the oil firms. For gasoline products, this will also increase by P0.85 to P1.35 per liter; while...
The first ever talk between members of the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) might mitigate oil price fluctuations that have been experienced by the Philippines during the past two years. Department of Foreign Affairs (DFA) Assistant Secretary...
The prices of diesel and gasoline products will be trimmed by P0.20 per liter this week, according to the pricing adjustment advisories of the oil companies. The industry players similarly announced that the price of kerosene products will be on rollback by a heftier P0.50 per liter. All price...
