Despite a slight drop in gasoline prices, diesel is expected to edge higher toward the end of July. Starting Tuesday, July 29, gasoline prices will be down by ₱0.10 per liter, while diesel will increase by ₱0.60 per liter. Kerosene prices will also jump by ₱0.40 per liter. Seaoil, Petro Gazz,...
Global supply concerns, including an unexpected drop in United States (US) crude inventories and the lingering effects of sanctions on Russia, are set to drive up diesel and kerosene prices next week, while gasoline costs may see a modest decrease. Based on the four-day Mean of Platts Singapore...
ZAMBOANGA CITY - Authorities intercepted thousands of liters of smuggled fuel aboard a motorized banca during a seaborne operation in Tawi-Tawi province last Sunday, July 20. The composite team flagged down an unmarked motorized banca off the coast of Bongao and upon inspection, 30 drums with a...
Motorists are about to brace for the inclement weather and higher prices at the gas pumps. Effective Tuesday, July 22, gasoline prices will be raised by ₱0.40 per liter, diesel by ₱1.10 per liter, and kerosene by ₱0.70 per liter. Shell, Seaoil, and PetroGazz are among the few oil companies...
Driven by rising demand and tightening supply, oil prices are expected to rise again next week. Based on the four-day Mean of Platts Singapore (MOPS) and the forex average, gasoline could go up somewhere between ₱0.30 and ₱0.50 per liter, while diesel may increase by ₱0.70 to ₱0.90 per...
Motorists will need to tighten their belts for another round of increased prices at the gas pumps. Effective Tuesday, July 15, gasoline will go up by ₱0.70 per liter, and kerosene will rise by ₱0.80 per liter. Diesel is also seen to climb by ₱1.40 per liter. Shell, Seaoil, CleanFuel,...
After two consecutive weeks of rollbacks, fuel prices are set to increase next week, driven by concerns over global supply and demand. Based on four-day trading in the Mean of Platts Singapore (MOPS), gasoline could rise by ₱0.50 to ₱0.80 per liter, while diesel may see an increase of ₱0.60...
The Department of Energy (DOE) has been keeping an eye out for potential violations within the oil industry amid concerns over possible cartelization. DOE Officer-in-Charge (OIC) Sharon S. Garin explained that the agency does not have official policies on these matters; however, it can act as a...
Motorists are getting another round of relief as oil prices are set to go down further this week. Starting Tuesday, July 8, gasoline prices will decrease by ₱0.70 per liter, diesel by ₱0.10 per liter, and kerosene by ₱0.80 per liter. Shell Pilipinas, Seaoil, PetroGazz, and PTT are among the...
Pump prices are expected to drop next week, by as much as one peso for gasoline, as benchmark oil prices decline with the easing of tension in the Middle East, as well as prospects of higher output from the Organization of Petroleum Exporting Countries (OPEC) cartel. According to Director Rino E....
After a week marked by two phases of price increases, motorists can finally expect a reprieve at the pump as oil prices are set to drop in the first week of July. Effective Tuesday, July 1, the price of gasoline will decrease by ₱1.40 per liter, while diesel will decrease by ₱1.80 per liter....
Despite the reported ceasefire between Israel and Iran, Sen. Raffy Tulfo reminded the Department of Transportation (DOTr) to still continue monitoring the average price of the Dubai crude oil to ensure that the fuel subsidy for PUV drivers and riders will be promptly distributed once its price has...
