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...
Logo TESDA The Technical Education and Skills Development Authority (TESDA) has partnered with Petron Corporation to further boost its automotive training program. The agency recently signed a memorandum of agreement with the said oil company to establish a “state-of-the-art Car Care Center.”...
Leading oil industry player Petron Corporation has landed again in the roll of the Bureau of Customs (BoC) as among its top taxpayers as well as importer of fuel commodities last year. In a statement to the media, Petron noted that it has been “consistently ranked as the highest contributor to...
Cooking fuel budgets will rise at Filipino households as the price of liquefied petroleum gas (LPG) had been increased by P7.95 per kilogram (kg) this month or a hefty P87.45 for the standard 11-kilogram cylinder. The uptick in LPG prices had been due to soar in international contract prices (CPs)...
Senatorial candidate Herbert “Bistek” Bautista on Monday said buying back Petron from San Miguel Corp. would help foster competition and provide a vehicle for subsidies which the government needs to ensure to mitigate the impact of an oil price surge as tension between Russia and Ukraine...
Senatorial candidate and former Quezon City mayor Herbert “Bistek” Bautista on Wednesday backed calls proposing that the national government buy back Petron Corporation to help temper fuel price increases in the country. Bautista said he supports the plan to buy back Petron, which was once...
San Miguel Corp. (SMC) reported that its group-wide reforestation initiative nationwide has resulted in the planting of 3.8 million trees since 2019 to date. The conglomerate said in a statement that it has recently completed planting over 26,000 trees in Angat, Bulacan together with the town’s...
Leading oil firm Petron Corp. is fully back on its toes in the operations of its terminals and gasoline stations in the areas pummelled by Typhoon Odette during the Christmas holidays. Petron Corporation “All stations that sustained damages in Visayas and Mindanao have been fully restored and...
Leading oil industry player Petron Corporation is slated to offer this year $500 million worth of senior notes, the proceeds of which will be used for debt refinancing as well as to augment working capital that will bankroll its on-the-fence power project at the Limay refinery, according to Petron...
