Filipino consumers are facing yet another round of fuel price hikes this year. Starting Tuesday, Oct. 29, gasoline prices will increase by P0.20 per liter, while diesel and kerosene will rise by P0.50 per liter. Major oil companies, including Shell Pilipinas, Caltex, and Clean Fuel, attributed the...
Motorists are bracing for another round of fuel price increases next week, although the increases are expected to be minimal. According to Jetti Petroleum, based on the latest four-day Moving Average of Singapore Platts (MOPS) data, diesel prices are expected to rise by P0.10 to P0.20 per liter,...
The Bureau of Customs (BOC) has intercepted a fuel tanker and four lorries caught transferring smuggled fuel at the Port of Batangas. The BOC said the operation, conducted on Wednesday, Oct. 16, was a result of intelligence gathered by the BOC-Customs Intelligence and Investigation Service...
BUTUAN CITY – Police seized 8,060 liters of smuggled petroleum in Del Carmen, Siargao Island, Surigao del Norte province before dawn on Friday, October 11. Surigao del Norte Police Provincial Office Director Police Col. Nilo T. Texon, in a report to Police Regional Office-13 Director Police...
The Department of Energy (DOE) said that consumers can expect a potential gasoline price rollback next week, while diesel prices are likely to increase. Rino Abad, DOE Oil Industry Management Bureau (OIMB) directo said these contrasting movements are due to various economic factors. ...
Aerospace company Airbus, in collaboration with the Department of Transport (DOTr), the Department of Energy (DOE), and the Civil Aviation Authority (CAA), is working towards achieving 100 percent sustainable aviation fuel (SAF) in its aircraft operations in the country by 2030. In a statement on...
MV Palawan is apprehended by Philippine Coast Guard ship BRP Palawan (FPB-2401) in the vicinity of Manila Bay on Sept. 26, 2024 while carrying alleged smuggled disel fuel. (Photo: PCG) A motor vessel allegedly engaged in fuel pilferage or “paihi” system was apprehended by the Philippine Coast...
The Philippine Independent Power Producers Association Inc. (PIPPA) has thumbed down a legislative proposal that will prioritize the use of Malampaya gas on the electricity generation grind of various gas-fed power plants in the country. While there is a high level temptation to prioritize...
A new cascade of financial pressure will be on consumers’ pockets this week as gasoline prices will be rising by P1.10 per liter; while diesel prices will go up by a marginal P0.20 per liter. Propitiously for kerosene products, there will be no cost movement this week, based on the pricing...
The Bureau of Customs (BOC) has filed a formal complaint against the owners and crew members of two vessels caught engaging in fuel smuggling at the Navotas Fish Port. According to the BOC, the vessels were found to be transferring unmarked fuel, a practice known as "paihi modus," in violation of...
A new wave of financial pain could squeeze consumers’ pockets next week, as pump prices could be tracking new wave of increases – primarily for gasoline products, based on the initial calculation of the oil companies. As assessed by the industry players, the price of gasoline will likely rise...
The Bureau of Customs (BOC) has intercepted two fuel tankers, worth a combined P695 million, at the Navotas Fish Port for allegedly engaging in the illegal fuel transfer practice known as "paihi." In an operation by the BOC's Customs Intelligence and Investigation Services-Manila International...
