Fuel prices are poised for another significant retreat next week as cooling tensions in the Middle East drive global benchmarks lower, offering a second consecutive wave of relief to local motorists and transport operators. Based on the first three days of trading for the Mean of Platts Singapore,...
Transport organizations are divided over the nationwide strike set for April 15 to 17, with Pagkakaisa ng mga Samahan ng Tsuper at Opereytor Nationwide (PISTON) confirming its participation while other groups pursue dialogue with the government on rising fuel costs. Mody Floranda, president of...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
House Speaker Faustino "Bojie" Dy III has assured Filipinos that the executive and legislature continue to work together to mitigate the impact of elevated fuel prices resulting from geopolitical events. This, even as the House leader cited the big-time pump fuel price rollback scheduled for...
A major rollback in fuel prices is set to take effect on Tuesday, April 14, offering relief to consumers amid recent volatility in global oil markets, President Marcos announced. “Simula Martes, April 14, may malaking rollback sa presyo ng langis (Starting Tuesday, April 14, there will be a big...
The Department of Energy (DOE) threatened oil companies with legal action if they fail to implement government-mandated price rollbacks that significantly exceed industry calculations, citing powers granted under a state of national energy emergency. Energy Secretary Sharon Garin issued the...
Motorists may finally see the start of fuel price easing, albeit slow, as final trading days point to the first double-digit rollback of the year. Based on a full week of trading on the Mean of Platts Singapore (MOPS), diesel prices are expected to drop by approximately ₱8.80 to ₱10.80 per...
For the first time in eight weeks, the price of diesel will roll back this week, a reprieve to motorists after two months of continuous increases. Effective Tuesday, Oct. 21, diesel will see a ₱0.70 per liter rollback, while kerosene is set to go down by ₱0.60 per liter. This marks the first...
Motorists have faced weekly price hikes at the gas pumps, but next week may finally bring some long-awaited relief. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel prices could see their first rollback in two months, ranging from ₱0.60 to ₱1.10 per liter....
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
Pump prices are expected to drop next week, by as much as one peso for gasoline, as benchmark oil prices decline with the easing of tension in the Middle East, as well as prospects of higher output from the Organization of Petroleum Exporting Countries (OPEC) cartel. According to Director Rino E....
