As oil prices continue to rise, the political opposition called on government to buy back Petron as part of the effort to control the runaway prices. Gasoline pump picture House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate and Makabayan senatorial bet and Bayan Muna chairman...
As Christmas shopping nears, Filipino consumers must also factor in higher fuel budgets with the anticipated next round of hefty oil price hikes next week at P1.30 to P1.40 per liter for gasoline products, and P1.40 to P1.50 for diesel products. For kerosene, which is widely used in the aviation...
The improvement in terms of economic activities brought by worldwide COVID-19 vaccination drives has prompted the recent oil price hike in the country, an official of the Department of Energy (DOE) explained Wednesday, Oct. 6. DOE Asec. Gerardo Erquiza said that as the "economy moves," the demand...
The Department of Energy is planning a cost subsidy to public transport sector to cushion impact on the most vulnerable as oil prices surged past $81 per barrel this week. Atty. Rino Abad, director of the DOE- Oil Industry Management Bureau (OIMB),said the government is currently exploring the...
The Department of Science and Technology (DOST) has yet to release the final results of the clinical trials on potential adjunct treatments against coronavirus disease (COVID-19). Director Jaime Montoya of the DOST’s Philippine Council for Health Research and Development (PCHRD) gave updates on...
Filipino motorists will bear the financial brunt of big-time price hikes for petroleum commodities this week as the retail costs of diesel and kerosene will go up by P2.05 per liter, as announced by the oil companies. Gasoline product prices, on the other hand, will also be higher by P1.45 per...
Following global price acceleration nearing the $80 per barrel mark, Filipinos will have to brace for hefty pump price hikes next week that are inching close to P2.00 per liter. Based on oil firms' calculation, gasoline prices will increase by P1.45 to P1.55 per liter while diesel prices will climb...
Listed firm Phoenix Petroleum Philippines Inc. further expanded its market share to 8.3 percent in the first half this year from a leaner 7.1 percent last year, securing its stature as the third biggest player in the deregulated downstream oil industry in the country. Phoenix Petroleum Logo Citing...
The country will soon reduce its dependence on imported oil and other petroleum products as the Department of Energy (DOE) sought to establish the Philippine Strategic Petroleum Reserve Program (PSRP). AFP/File photo/MANILA BULLETIN DOE Secretary Alfonso Cusi, in a statement Wednesday, Sept. 22,...
Motorists filling up their vehicles with diesel products will feel the brunt of pump cost adjustments to a greater degree this week, as the price of this commodity will rise by P0.95 per liter, according to the price adjustment notices sent by the oil companies. oil pumps photo The price of...
The Department of Science and Technology (DOST) on Monday, Sept. 6, said it will release this month the results of its study on virgin coconut oil (VCO) and lagundi as potential treatments for patients with coronavirus disease (COVID-19). Department of Science and Technology Dr. Jaime Montoya,...
WASHINGTON, United States – Workers have deployed containment booms and skimmer devices as they attempt to contain a sizable oil spill in the Gulf of Mexico discovered after Hurricane Ida roared through the area, the US Coast Guard said Sunday. Satellite image (top) taken Sept. 2 via Planet...
