The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Motorists using diesel in their vehicles are up for a slight pinch in their wallets this week as the price of this commodity will rise by P0.30 per liter, based on the pricing advisory of the oil companies. The other product that will experience upward adjustment of P0.65 per liter this week will...
There will be mixed bag of price adjustments at the pumps next week, although the cost swings will just be very marginal, according to the estimates of the oil companies. As projected by the industry players, the price of gasoline products may not change or there would be very marginal rollback of...
Leading oil firm Petron Corporation has been ranked consistent topnotcher in the country’s fuel marking program that is being enforced by the Bureau of Customs (BoC) to potently curb smuggling in the downstream oil sector. As reported by the Customs bureau, Petron rated highest in the fuel...
“We’ve got the POWER" will soon roar as a confident declaration of industry and government collaboration. The trailblazing initiative that is already gaining traction among serious investors and industry players is the institutionalization of the Pilipinas Offshore Wind Energy Resource...
Motorists filling up their vehicles with gasoline products can benefit from higher price cuts of P0.75 per liter at the pumps this week, based on the price reduction advisory of the oil firms. Similarly, the price of diesel products will be trimmed by P0.65 per liter; while kerosene prices will be...
There will be extended financial relief for consumers at the pumps next week, as oil prices are anticipated to have moderate rollback, based on the computation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.60 to P1.00 per liter; while...
Motorists using diesel in their vehicles are up for happy rides this week as the price of this fuel commodity will be on rollback by a hefty P3.00 per liter, according to the pricing adjustment advisories of the oil companies. For gasoline products, the price cut will be at leaner P0.70 per liter;...
As global oil prices crashed to $78 per barrel level, Filipino consumers can look forward to hefty rollback in fuel prices next week, especially for diesel and kerosene products, according to the oil companies. Based on the estimates of the industry players, the price of diesel products will have a...
The pockets of consumers will be eased significantly from the hefty rollback in pump prices this week which reached a scale of P3.05 per liter for gasoline; and P2.45 per liter for diesel products as announced by the oil companies. For kerosene, which is the other vital commodity in the triumvirate...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
It’s a week of financial relief on consumers’ pockets as prices at the gasoline stations will be on rollback, based on the pricing adjustment advisories of the oil companies. The industry players announced that the price of diesel will have a relatively hefty cutback of P1.10 per liter; while...
