Tag: fuel prices

DOE: 90 percent of gas stations nationwide would have hiked prices by end of January due to TRAIN

Majority of gas stations nationwide would have already hiked prices by the end of the month because of the Tax Reform for Acceleration and Inclusion law. Energy Assistant Secretary Leonido Pulido III said in Thursday’s committee on energy hearing that  approximately 90 percent of all gas stations would have made the price adjustments. He said the so-called Big 3— Caltex, Petron, and Shell —and Flying V already implemented price hikes on January 15. Authorities have said […]

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Fuel conservation scheme, answer to impending rise of fuel prices

QUEZON City, Philippines – With the upcoming increase in the price of oil, Engineer Bert Suansing sees fuel conservation scheme as the way to help drivers of the public utility vehicles to cope up with raising oil prices. Part of said fuel conservation scheme is the implementation of proper intervals between PUVs so that they can service the maximum number of passengers. https://youtu.be/1xoUZa4KR_8

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Venezuela devalues bolivar, raises fuel price amid crisis

CARACAS, Venezuela (Reuters) — Venezuelan President Nicolas Maduro on Wednesday (February 17) devalued the currency and raised heavily subsidized fuel prices in an effort to stem a widening economic crisis, though critics of the socialist leader quickly dismissed the moves as insufficient. The measures are meant to help shore up the OPEC nation’s finances as plummeting oil prices and a collapsing state-led economic model have left the country with a severe recession, triple-digit inflation and […]

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