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 Philippine subsidiary of American energy giant Chevron Corporation has beefed up its retail network by bringing into commercial stream 18 new service stations within this year’s first half to reach broader base of customers who are loyal to its Caltex brand. Chevron Philippines Country...
ZAMBOANGA CITY -- A powerful explosion rocked a gasoline station in Lamitan City, Basilan province on Tuesday evening, June 18, the same day the city was celebrating its 17th founding anniversary. A loud blast was heard from the gas station owned by the Mateo family in Barangay Matibay at 6:47 p.m....
TALAVERA, Nueva Ecija – Three local government unit employees were apprehended for allegedly stealing gasoline on Sunday, February 4. Police Col. Richard V. Caballero, Nueva Ecija police chief, said local police nabbed the suspects at the Atlanta Fuel Gas Station in Barangay Sampaloc. Lawmen...
The Department of Energy (DOE) is already preparing warranted standards for the targeted escalation of ethanol blend to gasoline products at the level of 20% (E20) by volume from currently at 10%. To firm up the eventual Philippine National Standard (PNS) for gasoline with higher bioethanol...
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...
BACOLOD CITY – Police arrested three persons, including a teenager, for allegedly robbing a gasoline station in Barangay Guinhalaran, Silay City, Negros Occidental on Thursday, October 5. POLICE arrest a teenager and his companion in Barangay Bagtic, Silay City, Negros Occidental, for...
IGUIG, Cagayan – A gasoline station attendant was injured after a vehicle rammed a gasoline station and caused an explosion in Barangay Bayo, this town, on August 19. Initial investigation said the vehicle driven by Debbie Marlon Trinidad, 35, arrived to refuel but accidentally hit...
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...
Owing to inventory losses that weighed down its overall financial performance within January to March this year, Shell Pilipinas Corporation logged a net loss of P300 million within the quarter, substantially reversing a hefty income of P3.5 billion in the same period last year. If reckoned on core...
Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...
To propel organic growth, newly renamed Shell Pilipinas Corporation will roll out fresh capital outlay of P5 billion to P6.0 billion this year for the expansion of its mobility stations and other service-offers. In a briefing with the media, Shell Vice President for Finance and Chief Risk Officer...
