State-run Philippine National Oil Company (PNOC) has firmly stipulated in a motion for reconsideration filed with the Supreme Court that the exclusion of land assets from the Petron Corporation shares sale is not just a legal and Constitutional nuance but a safeguard of sovereign assets, shielding...
(Ali Vicoy/ File photo/ MANILA BULLETIN) Former Bayan Muna Party-list Rep. Carlos Zarate slammed local oil companies on Monday, Jan. 20 for their imminent "big time" price hike reaching as high as P2.80 per liter on pump fuel prices. "Kala mo...
Motorists will likely face tighter budgets this week as oil prices are set for another increase. Effective Tuesday, Jan. 20, gasoline prices will increase by P1.65 per liter, diesel by P2.70 per liter, and kerosene by P2.50 per liter. Major fuel companies, including Shell Pilipinas, CleanFuel, and...
Brace yourselves for a shock at the gas station as fuel prices are poised for a hefty surge next week, with analysts predicting an increase of over P2 per liter for diesel. Based on four days of trading on the Means of Platts Singapore (MOPS), along with movements in the international oil market,...
In this photo taken from video released by the Russian Emergency Ministry Press Service on Sunday, Jan. 12, 2025, booms are visible on the sea around the damaged Volgoneft-239 tanker near the port of Taman where Russian rescuers work to clean up tons of fuel oil that spilled out of two...
Motorists are facing another round of price increases at gas stations. Starting Tuesday, Jan. 13, gasoline and kerosene prices will climb by up to P0.80 per liter, while diesel will increase by up to P0.90 per liter. Shell Pilipinas, CleanFuel, SeaOil, and PetroGazz are among the companies that...
Motorists should brace for another round of fuel price increases as analysts expect the second hike of the new year. Based on the four-day Means of Platts Singapore (MOPS) and foreign exchange averages, gasoline prices could increase by P0.40 to P0.80 per liter, diesel by P0.45 to P0.80 per liter,...
The holidays are over, and consumers face higher prices at the gas pumps this week. Starting Tuesday, Jan. 7, gasoline prices will increase by up to P1.00 per liter, while diesel will climb by up to P1.40. Kerosene will also see a price increase of up to P1.00. Shell Pilipinas, PetroGazz, Seaoil,...
The recent rollback in oil prices may be short-lived, as analysts forecast the first increase of the year. Based on the first four days of trading on the Means of Platts Singapore (MOPS) and the average foreign exchange rate, gasoline prices are anticipated to rise by P0.40 to P0.75 per liter next...
After a streak of increasing prices over the holidays, fuel prices are expected to ease before the start of the new year. Analysts expect that by next week, gasoline prices could drop by P0.30 to P0.60 per liter, while diesel prices could fall by P0.20 to P0.55 per liter. Kerosene could also see a...
(Ali Vicoy/ MANILA BULLETIN) Bayan Muna is pushing for the immediate implementation of oil price unbundling to assert transparency as oil prices are expected to face another round of increases during the Christmas season. "The price of fuel in gas...
Motorists face another stressful holiday drive as gas and diesel prices are set to rise this week. Effective Tuesday, Dec. 24, the price of diesel will increase by P1.45 per liter, bringing it close to a P2 rise. Gasoline will also increase by P0.50 per liter, and kerosene by P0.75 per liter....
