As consumers complain of dizzying hikes in oil prices, or at times, unsatisfied at the amount of rollbacks in recent weeks, the oil companies are consequentially suspect of profit-taking. The deregulation of the downstream oil industry is already traversing roughly 23 years -- yet the fires of...
A pro-science consumer advocacy group wants government to seriously look into the potential of virgin coconut oil (VCO) as a weapon against the coronavirus disease (COVID-19). (DTI WEBSITE / FILE PHOTO) Angelo Palmones, president of the Alyansa ng mga Grupong Haligi ng Agham at Teknolohiya Para sa...
The relentless rise in fuel prices will continue this week for all fuel products, including that of liquefied petroleum gas (LPG), which is the preferred commodity by most Filipino households for cooking. As advised by the oil companies, gasoline prices will increase by P1.00 per liter in this...
Expenses for fuel will take its pinch on consumers’ pockets again this week, with substantial increases calculated across products that are retailed at the pumps due to the continuously rising prices in the world market. Based on estimates of the industry players, gasoline prices will go up by...
It will be another week that will be heavy on consumers’ pockets as the prices of gasoline products will go up by P1.20 per liter; and diesel by P0.95 per liter, based on the pricing adjustment notices sent by the oil companies. Kerosene, which is the other significant fuel commodity for both...
Pump prices are calculated to be on another round of heavier increases next week, with some fuel products rising by as much as P1.25 to P1.30 per liter. Based on the estimates of the oil companies, gasoline prices will have the heftiest price hike next week in the range of P1.25 to P1.30 per liter;...
Big-time fuel price hikes of as much as P1.30 per liter are expected next week following further rally in the world market prices. Based on the initial calculation of the oil companies, the biggest price hikes will be felt on diesel products at the range of P1.25 to P1.30 per liter; while kerosene...
The Congress-ratified Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will relax the ‘tax regime’ to be enforced for operators of oil refining facilities in the country. With that re-calibrated taxation policy in the CREATE measure, it was noted that the perturbed state of...
As international prices hit new historic-high of $60 per barrel, pump prices are anticipated to go up between P0.85 to P1.05 per liter across products. Based on the initial...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
Motorists can expect either a steady price for diesel next week or a measly rollback of P0.05 per liter, based on the initial calculation of the oil companies. Gasoline prices though will go up slightly by P0.20 to P0.25 per liter; while kerosene prices may go down by P0.20 to P0.25 per liter. This...
Consumers will need to shell out more for their fuel budgets this week as the price of diesel products will be higher by P1.05 per liter; while gasoline product costs will rise by P1.00 per liter, according to the pricing adjustment announcements of the oil companies. The price of kerosene, which...
