Filipino motorists will have to brace for mixed adjustments in pump prices next week, according to initial calculation of the oil companies. As estimated, gasoline prices will potentially go down between P0.45 to P0.60 per liter depending on the product’s grade; while diesel prices may go up...
The Department of Energy (DOE) has inked a deal with the Japan Oil, Gas and Metals National Corporation (JOGMEC) for a targeted updating of a feasibility study for the Philippines’ plan to venture into oil stockpiling. The memorandum of agreement (MOA) sealed by the parties had been intended for...
Amid moves to sort out its debt profile, Uy-led Phoenix Petroleum Philippines Inc. sprang back to profitability with P121.3 million net income logged in the first quarter this year, and that effectively wiped out the P386.3 million loss posted in the same period last year. The company said sales...
Even with President Rodrigo Duterte singing a different tune that he can no longer take back territories claimed by China, the Department of Energy (DOE) stated that it is bent on awarding more petroleum service contracts at blocks straddled by disputed territories within the West Philippine Sea....
Petroleum prices are expected to increase again by Tuesday next week, based on the calculation of the oil companies. According to the industry players, gasoline prices are expected to rise by P0.60 to P0.70 per liter, while diesel and kerosene will potentially go up by P0.65 to P0.75 per...
The water samples collected from the ship MV Sarangani, which was caught allegedly discharging wastewater while docked near the Manila Bay on April 25, had no presence of oil content and harmful substance based on initial laboratory results, the Philippine Coast Guard (PCG) said on Monday, May 3....
Filipino motorists will need to cough up additional amounts in their fuel budgets as the price of diesel and kerosene products will increase by P0.35 per liter this week, based on the pricing advisories of the oil companies. The price of gasoline, which is the other commodity in the weekly price...
Households can breathe easy on their cooking fuel budgets this month as the price of liquefied petroleum gas (LPG) will be on a rollback of P3.20 per kilogram or an aggregate P35.20 for the standard 11-kg cylinder patronized by most residential users. As of press time, the LPG industry players that...
Cabinet Secretary Karlo Nograles is pushing for the distribution of virgin coconut oil (VCO) in hospitals outside the National Capital Region plus (NCR plus) as supplemental treatment for the coronavirus disease. Cabinet Secretary Karlo Nograles (Nograles/Facebook) Nograles has started to hold...
Owners of the sunken MV Racal IV will take full responsibility for the oil spill in Misamis Oriental, the Department of Environment and Natural Resources (DENR) assured on Monday, April 26. DENR Secretary Roy A. Cimatu said the Environmental Management Bureau (EMB) in Region 10 (Northern Mindanao)...
Oil companies have advised of higher prices this week at the scale of P0.45 per liter for gasoline; and P0.35 per liter for diesel products as advised by the oil companies. Another commodity that will have a price hike of P0.65 per liter this week is kerosene, which is an essential fuel used in...
Filipino consumers will need to beef up their fuel budgets as prices at domestic pumps could slightly rise again next week based on the calculations of oil industry players. For gasoline products, the estimates would be an increase of P0.40 to P0.50 per liter while diesel by a marginal P0.25 to...
