Filipinos were just up with heavy spending on their Christmas shopping, but there is financial relief that they can look forward to as pump prices are anticipated to be on slight rollback next week. MB file photo. (Mark Balmores) Based on the initial calculation of the oil companies, gasoline...
Motorists using diesel in their vehicles will be shelling out additional P0.60 per liter; and P0.50 per liter for gasoline, based on the upward adjustments implemented by the oil companies this week. For kerosene, the industry players also sent pricing advisory notices that this fuel commodity will...
It will be another period of added expenses for Filipino motorists next week as pump prices are anticipated to rise by P0.50 to P0.65 per liter across products. Based on the calculation of the oil industry players, gasoline prices will inch up by P0.50 to P0.60 per liter; while diesel will be...
Filipino consumers will need to brace for increase in diesel prices next week that may range from P0.35 to P0.45 per liter; while kerosene prices may go up from P0.20 to P0.30 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) For gasoline products, based on the initial calculation of the oil...
With the West Philippine Sea already legally opened by the government for oil and gas exploration, Energy Secretary Alfonso G. Cusi has intensified his call on neighbor-countries in the Southeast Asian region to join in the ‘upstream exploration ventures’ in Philippine waters. In his address at...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
The Philippine government has directed Pangilinan-led PXP Energy Corporation to go ahead with its programmed seismic survey and well drilling at the Recto Bank even without securing first the concurrence of China National Offshore Oil Corporation (CNOOC) or that of the Chinese government. Energy...
Consumers’ pockets will experience heftier cash relief next week as oil prices are anticipated to be on a substantial rollback of P0.75 to P0.90 per liter for gasoline; and P0.80 to P0.90 per liter for diesel. MB file photo. (Mark Balmores) For kerosene, the price of this commodity is also...
The Department of Energy (DOE), through its Task Force on Energy Resiliency (TFER), has mobilized the country’s power firms so probable power interruptions or blackout impact of tropical storm ‘Pepito” could be eased if not totally avoided in various parts of the country. Energy Secretary...
Pangilinan-led firm PXP Energy Corporation indicated that it already received formally the ‘resume-to-work’ notice form the Department of Energy (DOE), allowing it to recommence extended seismic survey and exploration activities at its Service Contract (SC) 72 within the Recto Bank area along...
The Senate committee on energy is filing a legislative measure that will re-frame the investment function of state-run Philippine National Oil Company (PNOC), so it can concentrate its activities on oil and gas exploration ventures. Senator Sherwin Gatchalian (MANILA BULLETIN FILE PHOTO) “We’re...
