Motorists using diesel in their vehicles will be shelling out additional P0.60 per liter; and P0.50 per liter for gasoline, based on the upward adjustments implemented by the oil companies this week. For kerosene, the industry players also sent pricing advisory notices that this fuel commodity will...
The legal team of Shell companies in the Philippines (SCiP) has been scoring victories, as it just recently bagged the “Philippine In-House Team of the Year” and the “Energy and Resources In-House Team of the Year” awards from the Philippine Law Awards 2020 by the Asian Legal Business...
As Christmas shopping rush escalates, Filipino motorists will also need to shore up their expenses for fuel as diesel prices will go up by P0.40 per liter this week; and gasoline prices will increase by P0.25 per liter. Kerosene, which is the other commodity in the triumvirate of weekly cost...
Motorists using gasoline on their vehicles will need to shell out more cash this week, as the price of that commodity will go up by P1.15 per liter, based on the pricing adjustment advisory of the oil companies. For kerosene and diesel products, the price of these fuel commodities will also...
With the shutdown of its refining operations, Pilipinas Shell Petroleum Corporation is beefing up its retail portfolio with the addition of Subic facility as its import terminal. The local subsidiary of the Anglo-Dutch energy giant has sealed a long-term lease arrangement with Philippine Coastal...
The advent of bad news seems endless for Filipino motorists, as diesel prices will increase again by P0.50 per liter this week, according to the industry players. For kerosene, a commodity on which people barreled by the typhoon could partly lean on while waiting for their electricity services to...
The remaining potential yield of the Malampaya gas production facility could go as high as 1.6 trillion cubic feet (TCF), or half of the current capacity of the field that is now being funneled for the requirements of more than 3,200 megawatts of gas-fired power capacities in the country. That has...
Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products. The oil companies also enforced P1.30 per liter hike in the price of kerosene products, an...
The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according to Senate Committee on Energy Chairman Sherwin T. Gatchalian. Senator Sherwin Gatchalian (MANILA BULLETIN FILE...
With additional valuation-anchored inventory losses and one-off charges booked, the net loss of listed firm Pilipinas Shell Petroleum Corporation (PSPC) had widened to P13.9 billion in nine months this year. That’s a complete reversal of the P4.4 billion net income it posted last year, when oil...
Motorists will be greeted by varied adjustments in pump prices this week – with the cost of gasoline getting trimmed by P0.20 per liter; while diesel will go up by P0.20 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) The price hike will be heftier this week at P0.40 per liter for...
Taxation is not causing oil refiners to go out of business, the Duterte administration’s chief economic managers maintained. Finance Secretary Carlos G. Dominguez III...
