The strain on consumers’ budgets will continue next week, especially with gasoline prices which are expected to rise heftily by P1.30 to P1.70 per liter, based on the calculation of the oil companies. For the other fuel commodities, diesel prices are projected to increase by P0.40 to P0.80 per...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
Consumers are up for another financial pain at the pumps and in their kitchens as oil and liquefied petroleum gas (LPG) prices will track new round of upticks, based on the pricing advisories of the industry players. As culled from the price movement notices of the oil companies, the price of...
Consumers will still feel the pinch of higher oil prices at the pumps next week, although calculated adjustments will be coming at relatively moderate amounts compared to the past two weeks. Based on the estimates of the oil companies, the price of gasoline products will rise by P0.50 to P0.90 per...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
Philippine Coast Guard personnel wave flags of the Philippines, Indonesia and Japan during the opening ceremony of Regional Marine Pollution Exercise (MARPOLEX) 2024 in Bacolod City, Negros Occidental on June 24, 2024. (Photo courtesy of PCG) The coast guard organizations of the Philippines,...
Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
Another round of heavy blow will wreck consumers’ pockets next week, as big-ticket oil price hikes will be reigning anew at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise by P1.40 to P1.80 per liter,...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
It will be another round of stranglehold on consumers’ pockets next week, as big-time oil price hikes will reign at the domestic pumps, based on the calculation of the oil companies. As estimated by the industry players, the price of diesel products will rise significantly by P1.20 to P1.60 per...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
The battlefield of relentless volatile oil prices will be in the favor of Filipino consumers next week, as the domestic oil companies are anticipating hefty rollback at the pumps across products. Based on the calculations of the industry players, the price of diesel will have a sharp reduction of...
