Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
NEW YORK, United States (AFP) — The average price of premium gasoline at the pump has surpassed $5 a gallon for the first time in the United States, the American Automobile Association (AAA) reported Saturday. That record level, coming on top of months of soaring inflation, represents the latest bad news for President Joe Biden just five months before crucial midterm elections. A year ago, the average price of gas in the US was […]
(Eagle News) – Oil prices will again increase tomorrow, Tuesday, June 13, the second straight week of price hike of oil products. Gas prices will increase by P2.15 per liter, while diesel prices will be up by 4.30 per liter. Kerosene, on the other hand, will increase by P4.85 per liter. Several gasoline stations have already posted their advisories for the oil price increase. Surging energy costs are being felt across the global economy […]
Advisory notes “inevitability of domestic price spikes” reflecting global market movements (Eagle News) – Oil price hikes would most likely continue due to the ongoing Ukraine-Russia crisis, according to the Philippine Department of Energy. The DOE issued an advisory over the weekend warning the public against the “impending increase in the price of petroleum products” that would take effect this week, particularly on Tuesday, April 26. The ongoing Russia-Ukraine crisis translates to instability in world […]
HONG KONG, China (AFP) — Equities fell Friday after their worst quarter since the early days of the pandemic as traders assess the impact of the war in Ukraine and the Federal Reserve’s plans to fight surging inflation by ramping up interest rates. Oil fell further following a plunge Thursday in response to news that the United States would release a million barrels a day from its reserves as it looks to rein in […]
Rollback was in reaction to decrease in oil prices in world market last week (Eagle News) – Philippine oil companies are set to implement a price rollback of P11.45 price for diesel and P5.45 per liter for gasoline on Tuesday, March 22, in the first ever fuel price reduction this year after 11 straight weeks of price hikes. Kerosene prices will also be reduced by P8.55 per liter. Oil companies already issued their advisories […]
Diesel prices expected to go down by P10.70 to P10.90 per liter, gasoline by P5.10 to P5.30 per liter (Eagle News) – For the first time this year, oil prices are expected to have a huge rollback after 11 consecutive price hikes, with diesel prices expected to be reduced by around P11 per liter and gasoline by around P5 per liter at least. This big time price rollback is due to the global movement […]
DOE appeals to oil firms’ corporate social responsibility to implement more discounts, stagger price increase (Eagle News) — Oil firms implemented the biggest price hike this year so far on Tuesday, March 15, with gasoline prices rising as much as P7.10 per liter, diesel prices by P13.15 per liter, and kerosene prices by P13.15 per liter. This is the 11th straight week of oil price hikes due to continuing Russia-Ukraine tensions that further hurt […]
(Eagle News) –Oil prices are again forecast to increase next week, by at least P12 per liter for diesel and by P6.80 to P7 per liter for gasoline. “Expect fuel prices to go up next week,” the forecast from Unioil said posted on its Facebook page on Saturday, March 12. According to the forecast, diesel prices will increase by P12.20 to P12.30 per liter, while gasoline prices “will increase by P6.80 to P7.00 per liter” […]
(Eagle News) – While gasoline stations implemented a huge price increase on its products on Tuesday, March 8, one gasoline retailer company did the opposite after two days – a price slash effective 6 a.m. today, March 10. Petro Gazz Philippines implemented a huge oil price rollback of P5.85 per liter for diesel, and P3.60 per liter for gasoline on Thursday, March 10, which would be effective until Sunday, March 13. The amount is […]
(Eagle News) — On the day that gasoline stations implemented the biggest oil price hike so far this year, people are already feeling the crunch. On Tuesday morning, March 8, gasoline prices rose by as much as P3.60 per liter. Diesel, which is used by ordinary public utility jeepneys (PUJs), had the highest increase by as much as P5.85. The price of kerosene, used in ordinary cooking stoves and fuel for lighting, rose by […]
(Eagle News) – Another oil price hike will take effect on Tuesday, March 8, the biggest hike in oil prices this year Diesel prices will rise by 5.85 per liter, while gasoline prices will increase by P3.60 per liter. Prices of kerosene will also be increased by 4.10 per liter. This is the 10th straight week that oil prices have risen this year due to rising tensions between Russia and Ukraine. Various oil companies […]
(Eagle News) – Expect a rollback of petroleum prices starting Tuesday, August 13, 2019, at 6 a.m. Pump prices of gasoline will be slashed by as much as 50 centavos per liter, while diesel prices will be cut by P1.10 per liter. Kerosene prices will also be reduced by P1.30 per liter. Flying V, Seaoil Philippines, Shell, and Caltex have already made their announcement on the rollback of pump prices in separate advisories. Total Philippines, […]
