As Filipinos scramble for their last-minute errands prior to strict pandemic lockdown, consumers’ pockets will be ripped anew with higher budgets this week as gasoline prices will go up by P1.05 per liter, as announced by the oil companies. Additionally, the price of diesel will increase by P0.80...
The long-awaited rollback in pump prices will finally provide financial relief to Filipino motorists this week, as gasoline prices will be reduced by P0.75 per liter; and diesel products will be lower by P0.60 per liter. For kerosene product, which is used by households and key industries, this...
Filipino motorists will suffer another round of price hikes on their fuel consumption this week -- and this is already the third batch of increases for this month. 20369 As announced by the oil companies, gasoline prices will be up slightly by P0.10 per liter; while diesel and kerosene prices will...
The Department of Energy (DOE) has admitted that it used an unaudited financial statement of a subsidiary-company of Udenna Corporation as the government’s basis in evaluating the firm’s financial capacity as well as in approving the latter’s acquisition of the 45-percent stake of American...
The Singapore-incorporated Malampaya Energy XP Pte. Ltd., a subsidiary of Udenna Corporation of businessman Dennis Uy, which is buying the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture, has just US$100 (or P5,000) capitalization, as revealed in a...
Multinational giants Chevron Corporation and Royal Dutch Shell have pocketed over P350 billion in revenues from the Malampaya gas field project prior to their respective exits from the venture. As culled from government documents, the royalty share of the two foreign energy giants had been on top...
Filipino consumers are in for a tighter financial squeeze this week, as fuel products will be rising anew – and it will be a big-time hike of P1.15 per liter for gasoline products; and P0.60 per liter for diesel. The other commodity that will have higher prices in the triumvirate of product cost...
Pilipinas Shell Petroleum Corporation celebrated World Motorcycle Day last June 21, 2021 with the country’s motorcycling community. As part of their celebrations, motorcyclists who gassed up in selected Shell mobility stations across the Philippines got one free liter of Shell Advance AX7 motor...
Listed firm Pilipinas Shell Petroleum Corporation has unveiled its newly transformed world-class oil import facility in Tabangao, Batangas that has been christened as “SHIFT” – and that is in the site of its refinery which had ceased operations last year because of a business model deviation...
It’s a bit of mid-year sting on consumers’ pockets; as gasoline prices will rise by a hefty P1.00 per liter this week; while diesel prices will have upward adjustment of P0.65 per liter. Another fuel commodity kerosene will also have higher prices this week by a scale of P0.70 per liter, as...
Sharing a common vision to provide motorbike owners and drivers efficiency and enhanced engine performance, energy leader, Pilipinas Shell Petroleum Corporation, was recently named as the preferred fuel provider of top motorcycle manufacturer, Suzuki Philippines. This partnership was confirmed last...
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...
