The rally on oil prices will be sustained at domestic petroleum pumps next week, primarily for diesel and kerosene products while the adjustment for gasoline prices will be relatively lean, according to the oil firms. As culled from the calculation of the oil companies, diesel prices will escalate...
With oil price adjustments surging higher than projected, the Department of Energy (DOE) has summoned the oil companies to explain the ‘excess’ in cost escalations that they will be reflecting at the pumps by Tuesday, March 15. Energy Secretary Alfonso G. Cusi stated ‘we are asking the oil...
As weather temperatures rise, so as the electric bills of consumers with power utility giant Manila Electric Company (Meralco) announcing P0.0625 per kilowatt hour (kWh) increase on its March billing cycle to P9.6467 per kWh from the previous month’s P9.5842 per kWh. For residential end-users in...
As global oil prices skyrocketed to $116 per barrel because of the escalating Ukraine-Russia war, Filipino consumers will need to brace for punishing price hikes of P2.00 to P3.00 per liter at petroleum pumps next week. Despite the astronomical spikes in domestic oil prices though, the Department...
Liquefied petroleum gas (LPG), the preferred cooking fuel in Filipino households as well as in restaurants, will rise this month by P4.00 per kilogram (kg) or an aggregate P44 for the standard 11-kilogram cylinder. The LPG industry players said price adjustments took effect today, Feb. 1, and the...
Vice presidential candidate Sara Duterte-Carpio will push for the creation of more jobs as well as for the prioritization of education and the strengthening of the country's foreign exchange if elected in the second highest seat in the country. During the pilot episode of her "Metro Manila virtual...
The pinch on consumers’ pockets will continue next week, as oil prices will be rising again for the third time this month. Oil pumps Calculations by oil companies based on the outcome of trading in the international market, estimated price adjustments will be P1.75 to P1.85 per liter for diesel;...
The recurring gas restriction dilemma of the Malampaya field significantly accounted for the higher electric bills paid for by the customers of Manila Electric Co. (Meralco) this year. Meralco said that of the aggregate P1.04 per kilowatt hour (kWh) rate hikes implemented in series this year, about...
The Bangko Sentral ng Pilipinas (BSP) has a new limit to banks’ net open foreign exchange (FX) positions to increase FX liquidity, curtail speculative activity and to make sure that transactions are legitimate and has the appropriate risk governance. BSP Governor Benjamin E. Diokno said...
