As fuel prices are expected to spike by the last week of August, state-run think tank Philippine Institute for Development Studies (PIDS) maintained that deregulation remains the more viable policy path over reviving the Oil Price Stabilization Fund (OPSF). According to Adoracion Navarro, senior...
Higher oil demand and ongoing geopolitical tensions are raising concerns about a potential fuel price spike in the final week of August. Based on the four-day trading average from the Mean of Platts Singapore (MOPS), gasoline prices could increase by ₱0.40 to ₱0.50 per liter. Diesel may also...
Tycoon Lucio Co’s food retail arm Puregold Price Club Inc. is opening eight new branches across the country this year to help it achieve the group’s seven percent to nine percent revenue growth target. The supermarket chain said it is planning to open new stores in Northern and Southern Luzon,...
Motorists may face a fuel price shake-up next week, with gasoline expected to rise amid strong demand, while diesel may see a rollback due to growing supply. Based on the four-day Mean of Platts Singapore (MOPS), gasoline per liter may increase somewhere between ₱0.40 and ₱0.60, while diesel...
Tycoon Lucio L. Co’s retail holding company Cosco Capital Inc. reported a 9.3-percent growth in consolidated net income to ₱7.6 billion for the first half of 2025 from the ₱6.97 billion earned in the same period last year as consumer spending continues to improve. In a disclosure to the...
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
Lucio Co-led grocery retail leader Puregold Price Club, Inc. reported a 7.1 percent improvement in consolidated net income to ₱5.3 billion for the first half of 2025 from ₱4.95 billion, driven by strong topline growth and complemented by stable gross margins. In a disclosure to the Philippine...
It’s going to be a bumpy ride in the first week of August, with gasoline prices set to rise by nearly two pesos. Effective Tuesday, Aug. 5, gasoline will increase by ₱1.90 per liter, while diesel will rise by ₱1.20 per liter. Kerosene is also set to jump by ₱1 per liter. Seaoil, Shell...
Despite a muted overall performance, Philippine factory growth observed in June has been sustained through July, with manufacturing firms growing more optimistic about consumer demand for their products. According to the latest data from debt watcher S&P Global released on Friday, Aug. 1, a growth...
Motorists will need to brace themselves for the first week of August, as fuel prices are set to rise. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could see a potential increase of more or less ₱1.50 per liter, while diesel may see a ₱1 spike. Kerosene, on the other hand,...
BACOLOD CITY – The Department of Trade and Industry (DTI) here imposed a 60-day price freeze on basic necessities in Negros Occidental, which has been placed under a state of calamity due to the effects of tropical cyclone ‘’Crising’’ and the outbreak of the red-striped soft scale insect...
Despite a slight drop in gasoline prices, diesel is expected to edge higher toward the end of July. Starting Tuesday, July 29, gasoline prices will be down by ₱0.10 per liter, while diesel will increase by ₱0.60 per liter. Kerosene prices will also jump by ₱0.40 per liter. Seaoil, Petro Gazz,...
