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by Patrick GALEY Agence France-Presse PARIS, France (AFP) — Rich nations are funneling cash through government-backed financial institutions to provide $30 billion to fossil fuel projects each year that “run counter to the Paris Agreement”, a new analysis showed Thursday. The export credit agencies (ECAs) of G20 countries currently provide more than 10 times more state-backed finance to oil, gas and coal projects abroad than they do to renewable energy schemes, the analysis said. […]
PARIS, France (AFP) – While certain oil and gas majors have sought to burnish their green credentials, overall less than one percent of the sector’s total investment is going into clean energy projects, a report said Monday. Experts are increasingly worried that that target set in the 2015 Paris accord to limit global temperature rises to “well below” 2C is rapidly becoming unattainable, condemning the world to a cascade of costly droughts, superstorms, floods and […]
QUEZON CITY, Philippines (Eagle News) — Various oil companies added Php 0.80 centavos to every liter of gasoline and Php 0.55 centavos in the price of diesel and kerosene. Flying V, one of the independent oil players in the country, implemented its increase at 12:01 AM today, Tuesday, January 16, 2018. Pilipinas Shell, Phoenix Petroleum Philippines, PTT, and Eastern Petroleum, Seaoil, Total, and JETTI followed suit but their increase took effect at 6 AM. The […]
(Eagle News) — Hinimok ng grupong Laban Konsyumer sa Department of Energy (DOE) na imbestigahan ang limang linggong sunud-sunod na pagtaas ng presyo ng mga produktong petrolyo. Ayon kay Laban Konsyumer convenor at dating trade undersecretary Victorio Dimagiba, dehado ang mga karaniwang motorista na naglalaan ng pondo para sa kanilang konsumo ng krudo kada-araw. Kinakailangan na aniyang magdagdag sa kanilang budget pang-gasolina ang mga motorista dahil umiiksi na ang kanilang biyahe mula sa 500 pisong […]
(Eagle News) — Oil companies announced a price increase in their petrol products this week. Thirty to 40 centavos per liter will be added to the present rates of gasoline, while 60 to 70 centavos will be added to diesel prices. Fifty to 60 centavos will be added to kerosene prices. This is the first oil price increase since the three-time rollback last month.
QUEZON CITY, Philippines (Eagle News) — Big oil companies on Thursday, March 2 implemented a price rollback on cooking gas or liquefied petroleum gas (LPG). Eastern Petroleum is now implementing a Php 0.35 centavos per kilogram or Php 3.85 per 11 kg cylinder rollback of its EC gas products. Petron also implemented the same rollback on Wednesday, March 1. The LPG price decrease was due to the downward trend of LPG contract prices in the […]
QUEZON City, Philippines (Eagle News) — Oil companies implemented price hikes on Tuesday, February 28, on its diesel and kerosene products, but lowered prices for gasoline. Big oil companies such as Seaoil Philippines, Pilipinas Shell, Petroleum Corporation, Flying V, Eastern Petroleum and PTT Philippines already announced their price adjustment this morning at 6:00 a.m., while others were expected to follow. The price for diesel was increased by 35 centavos (Php 0.35) per liter, while for kerosene, the […]
MANILA, Philippines (Eagle News) — Oil firms welcomed the new year by increasing their pump prices. Flying V, PTT Philippines, Pilipinas Shell Petroleum, Phoenix Petroleum Philippines, Unioil and Seaoil said the cost of gasoline increases by Php 0.70 centavos per liter and diesel by Php 0.60 centavos per liter starting Tuesday, January 3. Flying V, Petron and Shell also announced that the price of kerosene is up by Php 0.55 centavos per liter.
Petroleum products saw an increase in their prices as oil companies started implementing a price hike on the said products. There is also an increase in the price of liquefied petroleum gas while there is no increase in the price of diesel. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/psDzbbALhcQ
Oil companies once again implemented price rollback due to the low price of petroleum products in the world market.
Consumers woke up to good news as oil companies reduced the price of LPG tanks in the latest round of rollbacks implemented by said companies.
70 centavos per liter of diesel and 65 centavos per liter of kerosene were implemented by Shell, Petron, Phoenix and Seaoil. 25 centavos per liter of gasoline was implemented by Shell while Seaoil and Petron implemented a 30 centavos rollback per liter of gasoline. PTT Philippines implemented a 75 centavos rollback per liter of kerosene and 25 centavos per liter of gasoline. Other oil companies are expected to follow.
