Motorists will need to brace for another round of over-a-peso fuel price hikes this week following the recent uptick in demand and the gradual easing of geopolitical tensions. According to the Department of Energy (DOE), gasoline will have a maximum price increase of up to ₱1.60 per liter, diesel...
Oil prices are projected to rise at a much slower pace next week than previously feared, tracking a late-week cooling in Asian refined product markets and the slight easing of geopolitical anxieties in the Middle East. Diesel retail prices are expected to increase by ₱0.40 to ₱0.60 per liter,...
Motorists face another round of fuel price increases next week, driven by persistent global supply disruptions and accelerating summer demand from the United States (US). Based on the first four days of trading under the Mean of Platts Singapore benchmark, retail diesel prices are projected to rise...
Motorists will need to ease up on the gas pedal as gasoline and diesel prices are expected to increase this week amid renewed geopolitical tensions. The Department of Energy (DOE) reported that gasoline prices will increase by ₱1.21 per liter, while diesel will go up by ₱2.82 per liter....
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
The Motorcycle Development Program Participants Association Inc. (MDPPA) is optimistic that motorcycle sales will remain on an upward trajectory in the coming months, as higher fuel prices are expected to spur stronger demand for two-wheeled vehicles. As fuel prices remain elevated due to the...
A ranking congresswoman wants to impose a civil penalty of up to P10 million against energy-producing companies that implement unreasonable price increases on crude oil and refined petroleum products. Manila Teachers Party-list Rep. Ma. Nina Francesca Lacson filed for this purpose House Bill (HB)...
Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
Motorists face a sharp reversal at the fuel pumps next week as the three-week streak of price cuts comes to a halt amid escalating geopolitical tensions and tightening regional supplies. Based on the four-day trading average of the Mean of Platts Singapore, the industry’s regional benchmark,...
Motorists face a sharp reversal in fuel pricing next week as escalating geopolitical tensions in the Middle East disrupt a brief period of relief at the pump. Based on the first three-day trading average Mean of Platts Singapore (MOPS), diesel could halt its double-digit rollback by increasing its...
Sari-sari stores recorded a 90-percent surge in sales in March as rising global oil prices triggered widespread stockpiling among micro-retailers and households, according to homegrown tech startup Packworks. In a statement on Thursday, April 23, Packworks said that based on over one million...
Who says energy regulators can 't crack down on unjustified fuel price hikes under the deregulated regime? House Minority Leader and 4Ps Party-list Rep. Marcelino “Nonoy” Libanan insisted on Sunday, April 19 that the Department of Energy (DOE) and the Department of Justice (DOJ) retain...
