Motorists may get a slight reprieve next week as oil prices are expected to continue their downward trend. Based on four days of trading on the Means of Platts Singapore (MOPS) and international oil markets, analysts predict gasoline prices may remain stable or decrease by ₱0.05 to ₱0.30 per...
Motorists will feel the pinch at the gasoline pump this week, while those using diesel and kerosene will see some relief. Effective Tuesday, Febr. 4, gasoline prices will increase by ₱0.70 per liter, while diesel prices will decrease by ₱1.15 per liter. Kerosene will also see a price reduction...
Motorists face a mixed fuel price adjustment in the first week of February, as gasoline is projected to increase while diesel and kerosene are forecast to decrease. Based on the four-day trading Means of Platts Singapore (MOPS) and the effects of the Lunar New Year festivities, gasoline may...
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. ...
The Department of Energy (DOE) is currently studying a policy for the repurposing of diesel-fired power plants by integrating biofuel blend of as much as 55% (or B55) by volume, according to Energy Undersecretary Felix William B. Fuentebella. “We’re developing a strategy for B55 to enable the...
As the government cannot provide viable ‘quick fixes’ to the country’s shaky power supply situation, Luzon grid will have to increase its dependency on the interruptible load program (ILP) which is underpinned by the switch-on of generating sets (gensets) of big-ticket customers that are...
Filipino consumers will brace for new wave of roller coaster ride of hefty price hikes at the oil pumps next week, with diesel rising by as much as P1.20 to P1.70 per liter, based on the calculation of the oil firms. For gasoline products, this will also increase by P0.85 to P1.35 per liter; while...
Motorists using diesel products will pay more next week while gasoline users can look forward to a price cut, according to the oil companies. Industry players said diesel prices may rise by P0.55 to P0.85 per liter while RON92 gasoline, which is widely patronized in the Philippines, will likely be...
Around 20,000 to 30,000 liters of diesel were seized from a cargo vessel and three boats that were caught in an alleged case of fuel pilferage at the Navotas Fish Port, the Philippine Coast Guard (PCG) disclosed Monday, Jan. 30. Photo: Philippine Coast Guard / PCG The PCG said that its personnel...
SYDNEY, Australia – Cardinal George Pell -- a giant of the Catholic Church who was accused and cleared of sexual abuse in Australia -- has died in Rome aged 81, a church official confirmed Wednesday. Cardinal George Pell (AFP/File) "It is with deep sadness that I can confirm His Eminence,...
CEBU CITY – Four persons were arrested for illegally selling diesel fuel in Barangay Camanucan, Compostela, Cebu last Wednesday, June 1. Agents of the National Bureau of Investigation (NBI)-Mandaue City District Office raided a compound in the area where eight barrels of diesel fuel worth...
House Fuel Crisis Ad Hoc Committee co-chairperson Joey Salceda said that the "worst is yet to come" in terms of to the fuel situation even as he projected double-digit or near double-digit increases on pump prices next week. "Current crude prices is at USD 127 . At the pump, this may translate to...
