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More than P1/liter hike for gasoline prices expected, says DOE official; tight world supply, high global demand cited (Eagle News) – An official of the Department of Energy said that prices of petroleum products would increase next week because of tight supply in the world market with the threat of Russian oil embargo and strong global demand. Assistant Director Rodela Romero of the DOE’s Oil Industry Management Bureau said that as of Friday, at […]
Gasoline prices to have 10 centavo/liter rollback; diesel prices to be cut by P1.05/liter (Eagle News) – Oil companies will once again implement a price rollback of petroleum products effective Tuesday, August 16, but much lower than previous price cuts in the previous weeks. Gasoline products will be reduced by 10 centavos per liter, while diesel prices will have a bigger slash of P1.05 centavos per liter. Kerosene prices will be reduced by 45 centavos […]
(Eagle News) – Oil firms are set to implement another big price rollback for oil products, around P2 per liter, on Tuesday, August 9, as world crude prices continued to drop last week. Gasoline prices will be slashed by P2.10 per liter, diesel by P2.20 per liter, and kerosene by P2.55 per liter. Prices of petroleum products have been mostly decreasing since July. The price rollback will take effect either at 12 midnight Tuesday, or […]
LONDON, United Kingdom (AFP) — British energy giant Shell said Thursday that its net profit soared more than five-fold to $18 billion in the second quarter, fuelled by resurgent oil and gas prices, and rewarded shareholders with another bumper buyback. The surge in profits in the three months to June was partially attributable to a reversal of $4.3 billion in impairments after the company raised its forecasts for the gas and oil market. “We […]
Price hike follows major rollback last week (Eagle News) – Oil companies are set to implement another price hike on Tuesday, March 28, with diesel prices increasing by P8.65 per liter, and gasoline by P3.40 per liter. Kerosene prices are also set to increase by P9.40 per liter. The price hike, the 12th this year, follows a rollback that happened last week due to the movement of world crude prices affected by Covid lockdowns […]
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 […]
(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, […]
(Eagle News) — Expect another round of fuel price increase on Tuesday, March 26, starting 6 a.m., with gasoline up by 65 centavos per liter, while kerosene and diesel up by another 10 centavos per liter. This is the seventh consecutive week of price increase implemented by petroleum companies in the country, in reaction to increase in world crude prices. Shell, Eastern Petroleum, PTT Philippines. Petron, Petro Gazz, Caltex, Flying V and Jetti have […]
(Eagle News) — Another round of oil price increase took effect today, March 12, In an advisory, Shell, Petro Gazz, Caltex, Total, PTT Philippines, Jetti, Flying V, Petron and Eastern Petroleum, raised the prices of their petroleum products at 6 a.m. this morning, with an increase of 90 centavos per liter of gasoline. There is however no price movement in the prices of diesel and kerosene. This is already the fifth consecutive week of price […]
(Eagle News) — Good news for consumers. On the first day of December, expect huge price rollback for prices of Liquefied Petroleum Gas. Petron has announced that it will rollback Gasul and Fiesta Gas prices by as much as P70 per 11-kilogram cylinder tank, or a decrease of P6.40 per kilogram effective 12:01 a.m. December 1. Auto LPG prices will likewise be slashed by P3.50 per liter after midnight later tonight. Other LPG players like […]
(Eagle News) — The country’s economic managers have withdrawn their recommendation to suspend the implementation of the second round of increase in the excise taxes of petroleum products under the Tax Reform for Acceleration and Inclusion Law. Finance Secretary Carlos Dominguez and Budget Secretary Ben Diokno made the announcement in a press conference on Thursday, Nov. 29. According to Dominguez, the decision to push through with the increase was arrived at by the Development Budget Coordination […]
