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...
Major oil firm Petron Corporation reported a 20 percent decline in net income in the first half of this year to P6.14 billion from a more robust profit level of P7.7 billion in the same period last year. Despite the rebound in economic activities post-pandemic, the oil firm emphasized that both its...
Consumers will have a bit of luck in the days ahead as liquefied petroleum gas (LPG) prices will be on rollback by P3.70 to P3.73 per kilogram (kg) this July, while prices at the domestic pumps will likewise be on downtrend by Tuesday (July 4), based on the calculation of the industry players. For...
Households will have breather on their cooking fuel budgets this month as the price of liquefied petroleum gas (LPG) has been trimmed by P6.10 to P6.20 per kilogram or aggregate P67.10 to P68.20 for the standard 11-kilogram tank. The newly adjusted LPG prices effective June 1 will stay for the rest...
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...
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...
Experiencing car trouble during your Holy Week drive? Petron Corporation is once again activating the country’s longest running roadside assistance program for the Holy Week holidays, with Lakbay Alalay pit stops at strategic locations on the major toll roads. Petron employee-volunteers will be...
Filipino households are in for a breather as price of liquefied petroleum gas (LPG) will be trimmed by a significant P9.18 to P9.20 per kilogram (kg) this month, bringing to a total P100.98 to P101.20 aggregate reduction for the standard 11-kilogram cylinder for home cooking. LPG firms that already...
Budgets among Filipino households need upward adjustment with the “super spike” in liquefied petroleum gas (LPG) at P11.18 to P11.20 per kilogram (kg). As announced by industry players, the price of standard 11-kilogram tank which is the typical size being purchased for home cooking will...
Petron receives $37.48 M in tender offer of securities By BERNIE CAHILES-MAGKILAT Leading oil firm Petron Corporation announced that it received $37.48 million worth of securities as of January 12 deadline on its tender offer of $50 million worth of senior perpetual capital securities. In a...
The first week of the year 2023 will start squeezing the pockets of consumers as gasoline prices will rise by P2.90 per liter, while diesel prices will also increase by P2.10 per liter, as announced by the oil companies. Additionally, the price of kerosene, which is a commodity essential for...
Christmas holiday cooking for Filipino households will not come very handy, as the price of liquefied petroleum gas (LPG) has been increased by P2.25 per kilogram or a total of P24.75 for the standard 11-kilogram cylinder. As of press time, industry players that already sent notices on their LPG...
