The fuel products of leading oil firm Petron Corporation have been rated ‘top consumer choice’, based on a recent survey carried out by Hongkong-based consumer intelligence firm Standard Insights. Taking cue from that survey outcome, Petron has been bestowed the ‘Consumer Choice Awards’ by...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
Dennis Uy’s Phoenix Petroleum Philippine Inc. approved the selling of its ownership stake in PNX Petroleum Singapore Pte. Ltd. via share buy back. “The divestment is consistent with and pursuant to the Liability Management Exercise [LME] in order to generate additional working capital to...
Filipino consumers will brace for new wave of roller coaster ride of hefty price hikes at the oil pumps next week, with diesel rising by as much as P1.20 to P1.70 per liter, based on the calculation of the oil firms. For gasoline products, this will also increase by P0.85 to P1.35 per liter; while...
The Department of Energy (DOE) has conceded to the plea of many liquefied petroleum gas (LPG) retailers in the country that their applications for license-to-operate (LTO) be continually processed despite an earlier enforcement of a deadline. The DOE had initially set July 7 this year as the...
Leading oil firm Petron Corporation is broadening the retail outlets reach of its new Fiesta Gas 170-gram refillable liquefied petroleum gas (LPG) products in the juicy market of Luzon – that was following its successful debut in Cebu and Metro Manila markets. The LPG product’s market expansion...
The 4th Asia Pacific LPG Expo is set to make waves in the Liquefied Petroleum Gas (LPG) industry as it goes to the Philippines this year. Organized by the LPG Expo and strongly supported by the Liquified Petroleum Gas Industry Association (LPGIA), the Liquified Petroleum Gas Marketers...
The pockets of consumers using gasoline products will have a breather this week as the price of this commodity will be on rollback by P2.00 per liter, as announced by the oil companies. Nevertheless, it will be a reverse scenario for diesel products as the price of this fuel will rise at a modest...
Motorists using gasoline products will likely benefit from more than P2.00 per liter rollback at the pumps next week, but there’s a bit of bad news for diesel users because the price of that commodity will slightly go up, based on the calculation of the oil companies. According to the industry...
From left: Luigi Reyes, Head of Commercial Sales and Operations Group, G-Xchange Inc. (GCash); Oscar ‘Renren’ Reyes, President and CEO, G-Xchange Inc. (GCash); Banjo Castillo, Chief Operating Officer, Isla Petroleum & Gas Corporation; Tonito Gonzalez, Chief Executive Officer, Isla LPG...
Consumers will feel the heat of a budget swell on their cooking fuel this month as the price of liquefied petroleum gas (LPG) will rise by a hefty P6.64 to P6.65 per kilogram or P73.04 to P73.15 for the standard 11-kilogram cylinder. Leading industry player Petron Corporation advised of LPG price...
To honor the vibrant community of Filipino bikers, Shell Advance launches the "Ride ng Buhay Mo" campaign which delves into the transformative power of long rides, the challenges faced by everyday city riders, and the pursuit of thrilling adventures. Shell Advance shared how the oil has played a...
