It’s another punishing week in the pockets of motorists as gasoline prices will rise by P0.80 per liter; while the cost of diesel will be hiked by P0.40 per liter, based on pricing advisories sent to the Department of Energy and the media. Kerosene, which is another commodity in the weekly...
Davao businessman Dennis Uy’s Udenna has been chosen as the buyer of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, giving him ultimate majority control in the country’s commercial gas field. In an announcement made by SPEX’s parent firm Royal Dutch Shell plc,...
Citicore Power Inc., which is affiliated with the Megawide group, will be supplying 20 megawatts of renewable energy (RE) capacity to Shell Energy Philippines Inc., which is licensed as a retail electricity supplier (RES) under the retail competition and open access (RCOA) regime of the power...
Major oil firm Pilipinas Shell Petroleum Corporation is back on financial rally posting P1-billion net income lin the first quarter, effectively snuffing out the substantial P5.5- billion loss in the same period last year. The company said its return to profitability had been propelled by “new...
Listed firm Pilipinas Shell Petroleum Corporation is planning to pursue equity restructuring so it can reverse its negative retained earnings last year, which in turn will allow it to accelerate its targeted cash dividend payment to its shareholders. “We are working very quickly to rebuild our...
Pilipinas Shell Petroleum Corporation (PSPC) is pleased to announce the election of former BangkoSentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. as a new independent member of PSPC’s Board of Directors effective May 11, 2021. Amando M. Tetangco Jr. Mr. Tetangco’s board election...
Listed firm Pilipinas Shell Petroleum Corporation is planning to pursue equity restructuring so it can reverse its negative retained earnings last year, which in turn will allow the company to accelerate its targeted cash dividend payment to its shareholders. “We are working very quickly to...
Filipino consumers are in for another financially punishing week on their fuel expenses as the price of gasoline will rise by P0.75 per liter; while diesel and kerosene prices will increase by P0.70 per liter. As of press time, the oil companies that already advised on their price hikes had been...
Filipino motorists will need to cough up additional amounts in their fuel budgets as the price of diesel and kerosene products will increase by P0.35 per liter this week, based on the pricing advisories of the oil companies. The price of gasoline, which is the other commodity in the weekly price...
Oil companies have advised of higher prices this week at the scale of P0.45 per liter for gasoline; and P0.35 per liter for diesel products as advised by the oil companies. Another commodity that will have a price hike of P0.65 per liter this week is kerosene, which is an essential fuel used in...
With COVID-19 pandemic in the world’s kernel, societies have been petrified – first by the health crisis and next, the ensuing economic shocks. Then comes a highly probable longer-term predicament - a vicious circle that will confront global population with more devastating impact, and that is...
Filipino motorists will need to stretch their fuel budgets anew as prices at petroleum pumps will rise this week by a scale of P0.60 per liter for gasoline; and P0.70 per liter for diesel. Kerosene, which is an essential commodity for households and key industries, will also go up by P0.85 per...
