Tag page - Oil

Pump prices will take new round of pinch on consumers’ pockets this week as the price of gasoline products had been increased by P0.60 per liter, based on the announcements of the oil companies. Diesel, which is the other major fuel commodity used by motorists, will also go up by P0.20 per liter;...

It will be an abrupt change at petroleum pumps this coming week, as prices of gasoline products are anticipated to go up by P0.60 to P0.70 per liter, based on the initial calculations by industry players.          MB file photo. (Mark Balmores) For diesel,...

To sort out pricing The Department of Energy (DOE) is pushing for new amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act – and the specific agenda this time is to define “fair pricing adjustment” at the retail pumps. In a budget hearing in Congress, DOE Assistant...