Finally, there would be temporary relief in the pockets of Filipino consumers next week as diesel and kerosene prices are expected to have big-time rollback of roughly P3.00 per liter, according to calculation by the oil companies. Estimates from the outcome of last week’s trading based on the...
Senator-elect Robinhood Padilla wants the Philippines to start drilling for oil and gas in the West Philippine Sea (WPS) as the country continues to reel from unabated price increases of oil products caused by external factors. Padilla, topnotcher in the May 2022 senatorial race, made the...
Outgoing Senator Panfilo M. Lacson has sought a conditional suspension of the excise tax on fuel, and the scrapping of several lines of exemption in the Value-Added Tax (VAT). Lacson said this two-pronged formula could give Filipinos some badly needed breathing room from the effects of prohibitive...
This week’s adjustment in pump prices have been way higher than initially-calculated due to market premiums and hike in freight costs, according to the Department of Energy. Oil companies have implemented higher increases of P1.65 per liter for diesel and P0.10 per liter for kerosene, effective...
COLOMBO, Sri Lanka -- Cash-strapped Sri Lanka on Sunday announced sending ministers to Russia and Qatar to try and secure cheap oil a day after the government said it had all but run out of fuel. Motorists queue along a street to buy fuel at a Ceylon petroleum corporation fuel station in Pugoda,...
Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies. Industry players estimated that diesel prices will increase by P1.05 to P1.20 per liter while kerosene will go up by...
President Duterte has ordered the termination of oil and gas discussions with China in the West Philippine Sea, outgoing Foreign Affairs Secretary Teodoro Locsin Jr. revealed. West Philippine Sea (FILE PHOTO FROM AFP) "The President had spoken. I carried out his instructions to the letter: oil and...
Senator Imee Marcos on Tuesday, June 21, asked the Department of Energy (DOE) for its proposal to help sectors badly affected by the increasing fuel prices. Senator Imee Marcos (Senate of the Philippines) Marcos, chairwoman of the Senate economic affairs committee, said the proposal for nuclear...
Motorists filling up their vehicles with diesel products will be pained anew with cost spikes at the pumps this week as the cost of this commodity will rise by P3.10 per liter, based on the announcement of the oil companies. Gasoline products, on the other hand, will have leaner price hike of P0.80...
Senator-elect Joseph Victor “JV” Ejercito said he is contemplating biking his way to work in the Senate once the 19th Congress opens its regular sessions. Ejercito said biking is now his way of life and is actually thinking of biking to work to avoid the stress of traffic and at the same time...
The rally on oil prices will be sustained at domestic petroleum pumps next week, primarily for diesel and kerosene products while the adjustment for gasoline prices will be relatively lean, according to the oil firms. As culled from the calculation of the oil companies, diesel prices will escalate...
SARIAYA, Quezon – A tanker carrying crude oil and unleaded gasoline worth P1.5 million was hijacked Wednesday, June 15, this town. Police are now tracking down the four suspected hijackers who left Eman Molejon, 28, of Barangay Sta. Catalina, Atimonan, this province, the driver of the truck owned...
