Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
From mammoth losses incurred in the first semester, leading oil firm Petron Corporation bounced back with P1.63 billion net income in the third quarter of this year and that was propelled mainly by stronger performance on the retail segment of its business. The oil firm classified that it was still...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
Leading oil firm Petron Corporation has warned Filipino consumers on the dangers of patronizing illegally refilled liquefied petroleum gas (LGP) cylinders, as these could cause freak accidents that would then risk lives and properties. “Petron Gasul cylinders are replicated and sold by...
Vehicle-owners using diesel fuel will need to pay more at the pumps this week as the price of this commodity had gone up by P0.45 per liter, according to the pricing adjustment advisories sent by the oil companies. For gasoline products, there will be a rollback of P0.10 per liter; while kerosene...
(MANILA BULLETIN File photo) Filipino households will need to spend more on their cooking fuel budget this month as the price of liquefied petroleum gas (LPG) had been up by P1.00 per kilogram or an equivalent P11.00 for the standard tank. The products of industry players -- Petron Corporation for...
Together with non-profit groups San Miguel Corporation (SMC) has started the distribution of free nutribuns to disadvantaged communities via feeding kiosks at identified Petron service stations. This fulfills the conglomerate’s commitment to continue helping the urban poor cope with the...
Petron Corporation has extended its fuel subsidy for participating vehicle units in the Free Ride Service for Health Workers Program until July 31, 2020. The service is a program of the Department of Transportation (DOTr) which the oil company has partnered with to help with the transportation...
