Fuel retailers are set to implement a second consecutive week of price reductions on Tuesday, April 21, following the government mandate aimed at shielding consumers from the impact of volatile global energy markets and heightened tensions in the Middle East. Shell Pilipinas Corp. and Seaoil...
President Marcos has ordered the temporary suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene for three months to ease the burden of rising fuel costs amid the ongoing energy crisis. The directive was issued through Executive Order No. 114, signed on April 16, following the...
President Marcos on Monday, April 13, announced the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene, as part of government efforts to cushion the impact of rising fuel prices. “Tinanggal ko na ang excise tax sa LPG at sa kerosene (I have removed the excise tax on LPG and...
After a series of pump price hikes, motorists are finally set to experience the first rollbacks of the year, potentially putting an end to recent big-time increases caused by global oil shocks amid the war in the Middle East. Effective Tuesday, April 14, Shell Pilipinas will cut its diesel prices...
Even if the war in the Middle East de-escalates, the Department of Energy (DOE) has been hit with a cold, hard truth for motorists: oil prices would remain elevated and may ease at a slower pace compared to their quick rise. Energy Secretary Sharon Garin emphasized during a media briefing on...
Fuel price pain continues after the Holy Week, with diesel nearing a ₱20-per-liter increase and gasoline resuming its upward adjustment despite remaining unchanged last week. Effective Tuesday, April 7, Shell Pilipinas announced that diesel prices will rise by ₱19.80 per liter, gasoline by...
After 11 weeks of price spikes, gasoline will see no adjustment in its current prices, while diesel and kerosene will remain elevated moving into April. Effective Tuesday, March 31, diesel will rise by ₱12.50 per liter, while kerosene will increase by ₱2 per liter. Seaoil, Shell Pilipinas, and...
Motorists welcome some relief as petroleum prices dropped in the first few days of May, reversing last week 's increases. Effective Tuesday, May 6, gasoline prices will go down by ₱0.55 per liter, diesel by ₱0.65 per liter, and kerosene by ₱0.90 per liter. These marginal decreases were...
It’s the last week of April, and motorists are about to feel a pinch from oil price increases. Starting Tuesday, April 29, gasoline will go up by ₱1.35 per liter, while diesel will rise by ₱0.80 per liter. Kerosene is also set to climb by ₱0.70 per liter. Shell Pilipinas, Cleanfuel, Petro...
Motorists will need to tighten their belts once more, as fuel prices are projected to increase by a peso next week. Based on the four-day Mean of Platts Singapore (MOPS), gasoline prices are anticipated to climb up by around ₱0.80 to ₱1.40 per liter, while diesel could inch up by ₱0.40 to...
Holy Week trips are done, and so are the rollbacks at the gas stations. Starting Tuesday, April 22, expect gasoline prices to rise by ₱1.35 per liter, while diesel will increase by ₱1.30 per liter. Kerosene will also climb by ₱1.10 per liter. Shell Pilipinas, Seaoil, PetroGazz, CleanFuel,...
Following the Easter weekend—a time that lifts spirits for many—fuel prices might rise, too, next week. Based on the latest trading on Mean of Platts Singapore (MOPS), gasoline could inch up by ₱1.30 to ₱1.60 per liter, while diesel could go up by ₱1.10 to ₱1.40 per liter. This could...
