It’s another punishing week in the pockets of motorists as gasoline prices will rise by P0.80 per liter; while the cost of diesel will be hiked by P0.40 per liter, based on pricing advisories sent to the Department of Energy and the media. Kerosene, which is another commodity in the weekly...
Filipino motorists will need to tighten their financial belts further, as pump prices are anticipated to go up again next week, according to oil companies. Based on initial computation, oil firms said the price of gasoline could increase by P0.60 to P0.70 per liter; diesel prices by P0.35 to P0.45...
BAGHDAD, Iraq (AFP) – Iraq's president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption. President Barham Saleh presented a draft law to parliament to fight corruption, recover stolen...
Virgin Coconut Oil (VCO) has long been considered as nature’s miracle medicine for its numerous benefits and healing properties. (Photo from Pixabay) Now, VCO is once again in the spotlight as it can be utilized to avoid “further transmission of the virus” and as a “viable and affordable...
Gasoline prices are being rolled back by P0.20 per liter this week, lower than the P0.40 per liter earlier calculation based on the movement of the Mean of Platts Singapore (MOPS) last week. The price of diesel, on the other hand, increased by P0.20 per liter, based on the price adjustment notices...
With the Covid-induced demand crash last year, the country’s aggregate oil import bill slowed down by a significant 46.2 percent to $6.371 billion from a comparatively whopping $11.838 billion in 2019. The Department of Energy’s Oil Industry Management Bureau (DOE-OIMB)...
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....
