As global oil prices inched higher, hefty cost adjustments at domestic petroleum pumps are expected again next week for the 8th round this year. From the outcome of last week’s international trading, it has been estimated that gasoline prices will increase by P0.95 to P1.05 per liter; diesel by...
Senatorial candidate and former Quezon City mayor Herbert “Bistek” Bautista on Wednesday backed calls proposing that the national government buy back Petron Corporation to help temper fuel price increases in the country. Bautista said he supports the plan to buy back Petron, which was once...
Senator Grace Poe on Wednesday urged gasoline station operators to offer discounts as oil prices continue to increase. “In the absence of oil price control under a deregulated regime, we urge operators of gasoline stations to ensure competitive prices by offering its customers discounts on fuel...
With incessant rally in prices in the world market, the cost of gasoline at the domestic petroleum pumps will rise by P1.20 per liter this week; and diesel prices will climb by P1.05 per liter, as advised by the oil companies. Additionally, the price of kerosene, which is an essential commodity...
The daily toils, challenges, pains, and uncertainties of life shroud people from noticing and appreciating the good things that are happening all over. A miracle is a very profound happening as it is both objective and subjective. What seems a miracle to John may be a common thing to Paul. It can...
As the initial downtrend in global oil prices did not last long, Filipino motorists will have another financially punishing drive next week as oil prices are anticipated to rise again by significant amounts, based on the calculation of the industry players. According to the oil companies, the price...
Former AGHAM Party-list Rep. Angelo Palmones finds the continued pump fuel price hikes in the early part of 2022 very concerning as it shows the vulnerability of Filipino consumers to the volatile international oil market. (MANILA BULLETIN) “Fuel prices are continuously increasing and consumers...
Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets of the former that had been valued at P3.39 billion. In the deed of assignment inked by the parties, ACEN effectively transferred its rights...
The financial misery of Filipino motorists will continue this week, as prices at petroleum pumps will rise anew due to soaring prices in the world market and the depreciating value of the Philippine peso against the US dollar. Based on cost adjustment advisories sent by the oil companies, the price...
Consumers’ pockets will suffer another major squeeze as big-time pump price hikes are anticipated again next week due to soaring prices in the world market, according to oil companies. Based on the initial calculation, prices will rise by P1.10 to P1.20 per liter for RON92 gasoline products and...
QUITO, Ecuador (AFP) - An oil spill in eastern Ecuador has reached a nature reserve and polluted a river that supplies water to indigenous communities, the country's environmental ministry said Monday. Handout picture released by Ecuador's Ministry of Environment shows an oil spill that occurred in...
Filipino consumers will have to bear higher costs for fuel commodities this week, as prices of gasoline and diesel products will be jacked up anew by P0.75 per liter. For kerosene products, the price hike will be P0.45 per liter, according to the price adjustment notices sent by oil companies. The...
