Consumers will be perked up slightly next week, as oil prices will just be on modest rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.55 to P0.95 per liter; while diesel prices will...
After nearly five years of implementation, has the government's fuel marking program successfully halted or significantly reduced oil smuggling in the Philippines? Rather than providing a direct answer, the Bureau of Customs (BOC) has chosen to rely on official data to illustrate the program's...
Profit of leading oil firm Petron Corporation soared to P10.1 billion in 2023 on the back of higher sales of jet fuel and liquefied petroleum gas (LPG). The oil firm said that its consolidated net income from January to December last year grew by 51 percent from P6.7 billion in 2022, while its...
The inflation rate for the first quarter this year is expected to fall within the central bank’s target band due to base effects, analysts from Manulife Investment Management and Trust Corporation (MIM PH) said. This as the Philippine Statistics Authority (PSA) reported the headline inflation in...
Motorists filling up their vehicles with gasoline products will feel some pinch in their pockets this week as the price of this commodity will increase by P0.50 per liter, according to the pricing advisories of the oil companies. Conversely, diesel products will incur a moderate rollback of P0.40...
Photo shows the extent of oil spill caused by the sinking of MT Princess Empress off Naujan, Oriental Mindoro on Feb. 28, 2023. (File photo courtesy of President Marcos / X account) The Office of Civil Defense (OCD) emphasized the need for better response during oil spill incidents as the...
Cooking fuel will come heavier on the budgets of households this week as the price of liquefied petroleum gas (LPG) will go up by P0.27 to P0.30 per kilogram (kg) for the month of March, as announced by the industry players. Leading player Petron Corporation, in particular, implemented LPG price...
Pricing seesaw at the pumps will come lighter on the pockets of consumers this week as the price of diesel products will be on P0.95 per liter rollback; while gasoline prices will be trimmed by P0.70 per liter, based on the pricing advisories of the oil companies. Additionally, the price of...
The Department of Energy (DOE) and Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) are advancing on their ‘courting stage’ for capital flow on energy projects that shall be installed in the region. On top of that, the...
Consumers’ pockets will have some breathing space next week as oil prices are anticipated to be on substantial rollback at the domestic pumps, based on the calculation of the oil companies. According to the industry players, the price of gasoline products will be trimmed by P0.70 to P1.10 per...
It will be financially burdensome for consumers again at the petroleum pumps this week, as the price of gasoline products will substantially rise by P1.60 per liter; while diesel will be up by P1.10 per liter, according to the pricing advisories sent by the oil companies. Additionally, the price of...
Oriental Mindoro oil spill (Bongbong Marcos/Twitter) Bicol Saro Party-list Rep. Brian Raymund Yamsuan commended the Department of Justice (DOJ) after it pressed criminal charges against the owners of the M/T Princess Empress--the vessel that caused...
