A member of the Makabayan bloc in the House of Representatives wants Malacañang to certify as “urgent” the proposed measures that will help curb the impact of spiraling oil prices. (Photo by Mark Balmores/MANILA BULLETIN) House Deputy Minority Leader and ACT Teachers Party-list Rep. France...
The financial rebound of leading oil firm Petron Corporation is on its escalation phase as its nine-month income this year rose 64-percent to P8.2 billion from P4.99 billion in a comparative period last year. Operating income posted in the three quarters had also been robust at P16.5 billion,...
A re-entry of state-run Philippine National Oil Company (PNOC) into oil marketing and trading has been proposed, so that government can position itself as the “price leader” that can offer cheaper petroleum products not just to public utility vehicle (PUV) drivers but even to the wider...
Leading oil firm Petron Corporation has doubled its consolidated net income from both Philippine and Malaysian operations to P7.7 billion in the first half of this year from a leaner P3.87 billion in the same period last year. The oil firm specified that it logged consistent rise in its sales...
Filipino households will experience slight relief in their budgets this month as the price of liquefied petroleum gas (LPG) has been reduced by P0.36 to P0.40 per kilogram, according to the pricing adjustment announcements of the industry players. Leading oil firm Petron Corporation advised that...
Now open for entries 30 teams are about to take on the task of crossing one of the most unchartered paths along the country’s Pacific coastline in an overlanding competition not for the faint-hearted. It is all part of the first 2022 Petron Philippine Overland Expedition (PHOX): Pacific Coast...
The expanded 184-megawatt on-the-fence power plant of Petron Corporation, to be completed this year, is seen to improve the operational efficiency of its petroleum refinery in Limay, Bataan which has a capacity of 180,000 barrels per stream day. According to the giant oil firm, this “will allow...
The consolidated net income of leading oil firm Petron Corporation jumped significantly in the first quarter to P3.6 billion, more than double the P1.7 billion earnings logged in the same period last year, on brisk sales due to the relaxation of Covid-related mobility restrictions,. The oil firm...
Senatorial candidate Herbert “Bistek” Bautista on Thursday urged the public to brace for a continued surge in fuel prices as suppliers are likely to hoard stocks to push prices up. The UniTeam senatorial bet noted that oil prices are now being dictated by the ongoing war in Ukraine, the impact...
The government’s fuel subsidies to public transport drivers and operators, while needed, is not enough. That is why the government should start thinking of long-term solutions to address the country’s woes on fuel price increases, senatorial candidate Herbert “Bistek” Bautista on Thursday....
Senatorial candidate Herbert “Bistek” Bautista on Thursday reiterated his push for the government to buy back oil firm Petron, saying this would serve as a means to lower oil prices down when these tend to go out of control due to some factors. According to Bautista, he has information that the...
Leading oil industry player Petron Corporation bounced back last year with net income of P6.14 billion, completely wiping out the humongous P11.4 billion net loss it logged at the height of the coronavirus pandemic in 2020. According to the oil firm, it sold 82.24 million barrels of oil that...
