Consumers will have to bear new round of financial strain this week on their daily drive to work as gasoline prices will rise by P0.50 per liter; and diesel by P0.30 per liter, based on the pricing advisories of the oil companies. Kerosene, which is the other commodity in the triumvirate of weekly...
Wildly gyrating oil prices will find their way back to increases at the pumps next week, based on the preliminary estimates of the oil companies. As crunched by the industry players, the price of gasoline products will likely rise by P0.45 to P0.85 per liter; while diesel prices will incur moderate...
Pangilinan-led PXP Energy Corporation has cemented tie-up with Australian and British firms for the bids it submitted for two petroleum blocks auctioned in the Sulu Sea basin by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro...
Hopes are raised for prospective discovery of new oil and gas resources in the country as well as for trailblazing native hydrogen ventures, with the eight qualified offers cornered by the Department of Energy (DOE) during an auction round concluded this week. In a statement to the media, the...
With the scheduled submission of applications by Aug. 27, the Department of Energy (DOE) has raised hopes that it can corner acceptable tenders for offered hydrogen investments as well as upstream petroleum ventures, especially in the pioneering auction round for the Bangsamoro Autonomous Region in...
Consumers will feel anew the painful pinch of higher prices at the pumps this week as gasoline prices will rise by P1.00 per liter; and diesel prices will also climb by P1.20 per liter. Additionally, the price of kerosene products - that has direct effect on aviation fuel as well as other major...
The pressure on oil price hikes next week skidded slightly, as the increase for some commodities had gone lower than P1.00 per liter if reckoned on the outcome of four-day trading in the regional market. Based on the new calculation of the oil companies, the anticipated rise for gasoline products...
Big-time price hikes at the pumps will take another gut-wrenching blow on consumers’ pockets next week, as oil prices are projected to rise above P1.00 per liter across commodities. Based on the calculation of the oil companies, the price of gasoline products will likely increase by P1.10 to...
Financial reprieve on consumers’ pockets is expected to continue next week as another round of modest price rollback is projected by the oil companies – especially for diesel and kerosene products. Based on the calculation of the industry players, the price of diesel products will likely...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
The Department of Energy (DOE) has instructed players in the deregulated downstream oil industry to assess the quality of their fuel products before these are retailed to customers – primarily if there had been infiltration of floodwaters in their underground storage facilities or if some...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
