The Department of Energy (DOE) has asked oil companies to provide 10 to 20 percent fuel price discount to shipping vessels, primarily those sailing to the West Philippine Sea, for fishing purposes. Department of Energy (DoE) (MANILA BULLETIN) In addition, the department is seeking the support of...
San Miguel Corporation (SMC) is ramping up its sustainability efforts across different parts of the country and through its various subsidiaries. 13006 For one, SMC's Petron Corporation is now all set to implement its rehabilitation and coastal development plan for the Sarangani Bay Protected...
Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
Life, at times, would bring existential twists. And once you are usurped by Divine prerogatives, you can either be knocked down or you can take that injunction of helping others – so they too may live on and thrive. That became the guiding light for billionaire and San Miguel Corporation...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
Vehicle-owners using diesel fuel will need to pay more at the pumps this week as the price of this commodity had gone up by P0.45 per liter, according to the pricing adjustment advisories sent by the oil companies. For gasoline products, there will be a rollback of P0.10 per liter; while kerosene...
