Consumers will need to shell out heftier budgets again this week if they will fill up their vehicles as the price of diesel will be increased by P4.10 per liter; while gasoline prices will rise by P3.00 per liter, effective Tuesday, April 26. Industry players similarly advised that the price of...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
ABUJA, Nigeria -- Over 100 people have been killed following an explosion at an illegal oil refinery in Nigeria's southern state of Imo, official and local sources said on Saturday. The explosion occurred late Friday at the illegal oil refinery in Egbema local government area, a boundary area...
For the 14th time this year, Filipino consumers will have to agonize over massive cost hikes at petroleum pumps due to surging oil prices in the international market. Based on calculation, oil companies will raise gasoline prices by P3.30 to P3.50 per liter while diesel will be on heftier increase...
Human rights lawyer Jose Manuel 'Chel' Diokno has no doubt that Vice President Leni Robredo will implement policies and actions favorable to Filipinos in the West Philippine Sea (WPS) if she wins the presidency in next month’s elections. Vice President Leni Robredo and human rights lawyer Chel...
Oil companies will increase pump prices anew after Holy Week by P1.70 per liter for diesel and by P0.45 per liter for gasoline. The price of kerosene, a product which is typically used as a base fuel for aviation and a key commodity for some industries, will also increase by P0.45 per liter as...
Motorists filling up diesel on their vehicles will bear heavier financial pain this week, as this commodity is expected to rise by P1.40 to P1.60 per liter, based on calculation. Conversely, the price of gasoline will climb slightly by P0.25 to P0.45 per liter, while kerosene prices will also go up...
House Deputy Speaker Mikee Romero sees wisdom in Malacañang's call for the establishment of strategic fuel reserves that would be used by the state to cushion future fuel price hikes. In fact, such proposal is very familiar to the 1-Pacman Party-list representative. House Deputy Speaker Mikee...
For the third time this year, Filipino motorists will be on a breather as prices at the petroleum pumps will be on a new round of rollback this Tuesday, April 12. Oil companies have announced price cuts of P1.00 per liter for gasoline products and diesel by a slimmer reduction of P0.35 per liter,...
DUBAI, United Arab Emirates – The United Nations said Friday it is seeking nearly $80 million for an emergency operation to prevent a catastrophic oil spill in the Red Sea off war-ravaged Yemen. The 45-year-old tanker FSO Safer, long used as a floating oil storage platform with 1.1 million...
The government has signed a petroleum service contract on Wednesday, April 7, with SK Liguasan Oil and Gas Corporation (SKLOGC), officially signaling the latter’s entry for oil and gas exploration activities at Area 9 of the Liguasan marsh, located in the southern part of the Mindanao River...
Senatorial candidate Herbert “Bistek” Bautista on Thursday urged the public to brace for a continued surge in fuel prices as suppliers are likely to hoard stocks to push prices up. The UniTeam senatorial bet noted that oil prices are now being dictated by the ongoing war in Ukraine, the impact...
