Leading oil firm Petron Corporation reported that its consolidated net income in the first quarter this year slightly dropped to P3.4 billion versus last year’s more upbeat bottom line of P3.6 billion due to higher financing cost. “The increase in financing cost was partly tempered by the...
Big relief awaits consumers this week as the price of major petroleum products will be trimmed by significant amounts, based on the pricing adjustment advisories of the oil companies. For diesel products, the price decrease will be at heftier scale of P2.70 per liter; while gasoline prices will be...
Motorists are in for significant financial relief with oil prices on on big time rollback next week due to the downtrend of prices in the world market, according to industry players. Based on estimates, gasoline prices will be trimmed by P2.10 to P2.40 per liter; while diesel prices will have...
Mayor Francis Zamora inspects prices of vegetables at a local market. Metro Manila Council (MMC) President and San Juan City Mayor Francis Zamora said the 17 mayors in the National Capital Region (NCR) are seeking an investigation into the rising price of sugar being sold in markets in the...
Motorists can rest easy this week, as the price of gasoline products will be on rollback by P1.50 per liter, while diesel prices will also go down by P1.30 per liter, based on the announcement by oil companies. Industry players also sent notices for a price cut of P1.40 per liter for kerosene, an...
Progressive groups Kilusang Magbubukid ng Pilipinas (KMP) and Kilusang Mayo Uno (KMU) are set to stage a protest on Friday, April 28, to reiterate its calls for wage increase and to demand the lowering of the prices of basic commodities across the archipelago. This call of action will be held at the...
Ordinary Filipino consumers prioritize ready to eat food and hygiene products in their shopping basket in times of impending shortage of funds as well as during payday, according to a study. Packworks, a startup company providing a business-to-business (B2B) platform for sari-sari store owners, in...
The Department of Trade and Industry (DTI) Region 12 has issued Notice of Violation (NOV) to 23 unaccredited service and repair enterprises (SREs) on intensified efforts to protect consumers from unscrupulous businesses. According to DTI Region 12 statement, the office conducted a two-day operation...
Motorists filling up their vehicles with gasoline products will have easier budgets this week, as the price of this commodity will be on a heftier rollback of P1.40 per liter, based on the pricing advisories. For diesel products, there will be a leaner reduction of P0.70 per liter; while kerosene...
Consumers will have new round of financial breather at the pumps next week, as oil prices will be on rollback, according to estimates by industry players. Based on calculations, the price of gasoline products will be trimmed by P1.65 to P1.95 per liter, while diesel products will have a reduction of...
Motorists filling up their vehicles with diesel will experience a breather this week, as the price of this commodity will be down by P0.40 per liter, based on the pricing adjustment advisories of the oil companies. Conversely, gasoline products will have slight increase of P0.30 per liter; while...
Consumers filling up their vehicles with diesel products will get to be lucky next week as the price of this commodity will see between P0.40 to P0.70 per liter rollback, based on the calculation of the oil companies. For RON92 gasoline products, estimates portend a very slight reduction of P0.05 to...
