State-run Philippine National Oil Company (PNOC) is weighing the proposal of at least three investors that have been eyeing to put up an oil refinery at its property in Bataan, so it can augment the country’s fuel requirements. “We have proponents - there are investors talking to us about our...
Motorists filling up their vehicles with diesel products will have to brace for a bigger squeeze in their pockets this week, as the price of this commodity will rise by P0.90 per liter, according to the pricing adjustment advisories of the oil companies. For gasoline products, the increase will be...
Consumers will brace for new round of financial pain in their pockets next week as prices at petroleum pumps will be on uptrend, according to the industry players. Based on the calculation of the oil companies, the price of diesel will rise by P0.70 per liter to P1.20 per liter; while gasoline...
The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
With the increasing dependency on imports of energy resources, the country should enhance its policies on indigenous sources to ensure energy sources are sufficient for short to long-term use, the government’s think-tank researchers said. In a policy note titled “Evaluating energy security in...
Instead of the anticipated rollback on prices of some petroleum commodities this week, the oil companies have implemented slight increase in prices at the pumps due to higher freight cost and market premium, according to the industry players. With the added factors cited, the oil firms have...
Consumers can hope for ‘no changes’ at domestic pump prices next week, or there could only be very marginal price adjustments, according to the calculation of the oil companies. As estimated by the industry players, the price of gasoline will either be unchanged or there will be slight rollback...
Personnel of the Philippine Coast Guard were deployed near a seaport in Davao City to contain an oil spill that was reported on Tuesday night, Jan. 2. Philippine Coast Guard personnel use absorbent boom and pads to contain an oil spill some 11 kilometers from a seaport in Davao City. (photo:...
The drive at the start of the year will bring slight cheers to motorists as the price of diesel products will be on a moderate rollback of P0.35 per liter; while gasoline prices will have a marginal reduction of P0.10 per liter, according to the price adjustment advisories of the oil companies. In...
Filipino consumers will have slight consolation on their pockets at the start of new year 2024, as the prices of kerosene and diesel products are anticipated to be on rollback next week, based on the calculation of the industry players. According to the oil firms, kerosene prices will have...
This week’s hefty oil price hikes would be ‘the Grinch” snatching Christmas merriment from the Filipino consumers, with the oil companies announcing P1.60 per liter increase for gasoline and P1.70 per liter hike for diesel products. Further, the price of kerosene - an essential base for...
The year 2023 is ending with a bang for Filipino consumers at the pumps, as oil prices will incur significant increases, according to the calculation of the oil companies. As culled from the estimates of the industry players, gasoline prices will increase by P1.45 to P1.85 per liter; while diesel...
