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,...
Motorists can expect a small reprieve from soaring fuel prices this week. Effective Tuesday, Oct. 22, major oil companies will implement price rollbacks. According to advisories released by Seaoil and Shell Pilipinas, gasoline prices will drop by P0.50 per liter, while diesel will go down by P0.70....
After a series of price increases, Filipino motorists can expect some respite at the pump. According to Jetti Petroleum, based on the latest four-day Moving Average of Singapore Platts (MOPS) data, fuel prices are expected to decrease next week. Diesel is projected to see a rollback of...
State-run Philippine National Oil Company (PNOC) plans to install solar photovoltaic (PV) systems in select government offices, aligning with the government's push for energy efficiency and conservation. During a Senate budget hearing on Tuesday, Oct. 15, Arnel Corona, budget manager of PNOC...
Motorists brace for another hefty round of oil price hikes as fuel retailers announced adjustments effective Tuesday, Oct. 15. Several major oil companies, including Shell, Seaoil, CleanFuel, and Caltex, have announced that gasoline prices will increase by P2.65 per liter, while diesel and kerosene...
The Manila Electric Company (Meralco) has announced a reduction in electricity rates for October, while motorists should prepare for significant increases in fuel prices next week. Meralco said that electricity rates will decrease by P0.3587 per kilowatt-hour (kWh), bringing the overall cost for a...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
Motorists will have a frustrating drive to the petroleum service stations this week as they will be greeted with diesel prices rising by P0.90 per liter; while diesel prices will be going up by P0.45 per liter. Kerosene, which is their cousin in the weekly triumvirate of price adjustments, will...
The squeeze on consumers’ pockets at the pumps will be leaner after all as global oil prices suddenly crashed at end-week trading on Friday (September 27), according to the oil companies. The industry players estimated that gasoline price increase had softened to P0.10 to P0.50 per liter,...
Consumers are under new threat of financial drain next week as pump prices are seen rising again by a significant proportion, based on the estimates of the oil companies. According to the industry players, the price of gasoline products will potentially go up by P0.65 to P1.05 per liter; while...
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
