Motorists filling up diesel on their vehicles will bear heavier financial pain this week, as this commodity is expected to rise by P1.40 to P1.60 per liter, based on calculation. Conversely, the price of gasoline will climb slightly by P0.25 to P0.45 per liter, while kerosene prices will also go up...
House Deputy Speaker Mikee Romero sees wisdom in Malacañang's call for the establishment of strategic fuel reserves that would be used by the state to cushion future fuel price hikes. In fact, such proposal is very familiar to the 1-Pacman Party-list representative. House Deputy Speaker Mikee...
For the third time this year, Filipino motorists will be on a breather as prices at the petroleum pumps will be on a new round of rollback this Tuesday, April 12. Oil companies have announced price cuts of P1.00 per liter for gasoline products and diesel by a slimmer reduction of P0.35 per liter,...
DUBAI, United Arab Emirates – The United Nations said Friday it is seeking nearly $80 million for an emergency operation to prevent a catastrophic oil spill in the Red Sea off war-ravaged Yemen. The 45-year-old tanker FSO Safer, long used as a floating oil storage platform with 1.1 million...
The government has signed a petroleum service contract on Wednesday, April 7, with SK Liguasan Oil and Gas Corporation (SKLOGC), officially signaling the latter’s entry for oil and gas exploration activities at Area 9 of the Liguasan marsh, located in the southern part of the Mindanao River...
Senatorial candidate Herbert “Bistek” Bautista on Thursday urged the public to brace for a continued surge in fuel prices as suppliers are likely to hoard stocks to push prices up. The UniTeam senatorial bet noted that oil prices are now being dictated by the ongoing war in Ukraine, the impact...
Senator Joel Villanueva has called as "oppressive" the Commission on Elections' (Comelec) spending ban on government offices as members of various industries are in need of subsidies due to increasing oil price hike. Villanueva on Tuesday urged the poll body to suspend its moratorium on the Land...
The country’s oil companies are implementing lower-than-calculated price rollbacks this week, but did not provide detailed explanation, the Department of Energy said. Effective Tuesday, April 5, the price cut for gasoline products would be P2.30 per liter, diesel would be P1.85 per liter, while...
McKupler Inc. debuts Mobil Super Series products locally With the soaring prices of gasoline and the intense driving conditions here in the Philippines, fuel efficiency seems far-fetched for Filipino car owners. But with the development of new and improved car engine oils, Mobil is here to save the...
Filipino motorists’ financial pain will be lightened a bit next week, as prices of petroleum products at the pumps will be on significant rollback based on the calculation of the oil companies. Industry players indicated that gasoline prices will be cut by P2.50 to P2.70 per liter while diesel...
US President Joe Biden (Xinhua) WASHINGTON, United States -- US President Joe Biden on Thursday announced that his administration will release 1 million barrels of oil per day for the next six months from its strategic reserve in an effort to tame the elevated gas prices. The authorization of...
Presidential aspirant Vice President Leni Robredo on Thursday, March 31, went around Lanao del Norte carrying a message of maintaining the peace and order in Lanao del Norte because this will pave the way for more investments and jobs. Vice President Leni Robredo (VPLR Media Bureau) Robredo began...
