Motorists using diesel products will pay more next week while gasoline users can look forward to a price cut, according to the oil companies. Industry players said diesel prices may rise by P0.55 to P0.85 per liter while RON92 gasoline, which is widely patronized in the Philippines, will likely be...
Owing to inventory losses that weighed down its overall financial performance within January to March this year, Shell Pilipinas Corporation logged a net loss of P300 million within the quarter, substantially reversing a hefty income of P3.5 billion in the same period last year. If reckoned on core...
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...
To propel organic growth, newly renamed Shell Pilipinas Corporation will roll out fresh capital outlay of P5 billion to P6.0 billion this year for the expansion of its mobility stations and other service-offers. In a briefing with the media, Shell Vice President for Finance and Chief Risk Officer...
Our hybrid and electric future • For those that are unfamiliar, an electrified vehicle encompasses a variety of propulsion systems. These are cars that use either a gasoline-electric hybrid system or a fully-electric system to propel the car. • ...
Pasay City Mayor Emi Calixto-Rubiano gave discounts on fuel products as her birthday treat to jeepney and tricycle drivers in the city on Saturday, Aug. 20. Rubiano who celebrated her birthday on August 16 is continuing to give birthday treats to different sectors as a “mother” of the city. She...
The Muntinlupa City government has implemented measures to reduce fuel and gasoline use for all its vehicles amid the rising oil prices in the country. In a resolution dated July 4, the city government’s Local Finance Committee recommended the fuel-saving measures that will be carried out for all...
President Duterte will be remarkable for Filipinos not only because of his accomplishments but also because of his no-holds-barred remarks that are either witty, funny or controversial. President Duterte (Malacañang photo) Over the past six years, the outgoing President made pronouncements, either...
Former Vice President and senatorial aspirant Jejomar Binay called on the national government on Monday, April 4, to ensure that fruits and vegetable farmers are included in its fuel subsidy program as the conflict between Ukraine and Russia is still ongoing. Binay said this must be done in order...
House Fuel Crisis Ad Hoc Committee co-chairperson Joey Salceda said that the "worst is yet to come" in terms of to the fuel situation even as he projected double-digit or near double-digit increases on pump prices next week. "Current crude prices is at USD 127 . At the pump, this may translate to...
The chairman of the House Committee on Ways and Means has projected what can be described as titanic price hikes on fuel next week. (File photo/ MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda, in Viber message to reporters Friday night, March 4, said he sees diesel prices going up by a...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
