Consumers will have a harrowing drive to petrol stations this week as gasoline prices will rise by P2.60 per liter, while diesel prices will go up by P1.70 per liter, according to the pricing advisories of the oil companies. Kerosene, which is the other commodity included in weekly price...
After a respite, higher oil prices will be back at the pumps by Tuesday, April 11, with gasoline prices rising by P2.40 to P2.80 per liter, and diesel by P1.50 to P1.90 per liter, based on the calculation of the oil companies. For the price of kerosene, another commodity used by households and key...
ILOILO CITY – No new oil slick has been sighted in the northeastern coastal town of Caluya in Antique province, the Philippine Coast Guard (PCG)-6 said during the first quarter meeting of the Western Visayas Regional Disaster Risk Reduction and Management Council (RDRRMC) here. CLEANUP of debris...
Aid supplies from South Korea arrived in Manila on Wednesday for the ongoing efforts to clean up the tanker oil spill that started from the waters off Mindoro Oriental. According to the Korean Embassy in the Philippines, about 20 tons of sorbent pads and snares, 1,000 meters of solid flotation...
Government agencies are being urged to find remedies that could help cushion the oil price impact on consumers, especially the public transport sector, as petroleum products are anticipated to go back to their upward price trend. Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian, noted...
Officials from the Philippines and China will meet in May to discuss the parameters and terms of reference of the two countries' possible joint oil and gas exploration in the South China Sea. According to the Department of Foreign Affairs (DFA), the meeting will prepare Manila and Beijing for their...
The national government should prepare for a potential increase in domestic oil prices after global prices surged on Monday following Saudi Arabia and other OPEC+oil producers' decision to further reduce oil output by 1.16 million barrels per day, Sen. Sherwin Gatchalian said on Tuesday, April 4....
Senate Minority Leader Aquilino “Koko” Pimentel III on Monday, April 3, said he favors the inclusion of the Philippine Senate in the proposed talks on Philippine-China joint oil exploration in the West Philippine Sea (WPS). “The idea of Senate ‘involvement’ is to be endorsed. Involvement...
The oil spill emanating from the sunken motor tanker (MT) Princess Empress is feared to have reached Coron, Palawan, based on satellite imagery from a United States (US)-based science agency. In a press briefing Monday, April 3, the Philippine Coast Guard (PCG) announced that a possible oil slick...
ZAMBOANGA CITY – The Philippine Navy intercepted a motor launch carrying hundreds of drums of smuggled fuel products in the sea of Sulu on Saturday, April 1. THE Navy seized more than P9-million worth of undocumented fuel products on board the M/L Anne Nur in the sea of Sulu. (NFWM photo)...
Oil slicks from the sunken MT Princess Empress tanker have reached the island of Coron, Palawan, the Philippine Space Agency (PhilSA) advised on Monday, April 3. Courtesy of PhilSA "The oil slicks cover a total of approximately 61.27 square kilometers and have reached the island of Coron, Palawan....
HONG KONG/RIYADH  – Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day. The West Texas Intermediate contract jumped 5.74 percent to $80.01 a barrel,...
