Fuel prices up today

Prices of gasoline, diesel, and kerosene will go up today, October 11, oil firms announced on Monday. Caltex, Shell Philippines, Phoenix Petroleum Philippines, and PTT Philippines said prices of gasoline will increase by P0.85 per liter while diesel prices will rise by P1.55 per liter effective 6 a.m., Tuesday. Read more here.

Higher taxes on oil products imminent

THE DUTERTE administration is bent on raising the excise tax on petroleum products and is now drafting a targeted subsidy scheme similar to the existing conditional cash transfer (CCT) program for poor households to be affected. Finance Secretary Carlos G. Dominguez III pointed out that “contrary to the common perception that fuel excise tax increases…

Oil firms drop fuel prices

LOCAL oil companies announced cuts in the prices of petroleum products following a drop in international crude prices last week amid recovering oil production and concerns of slower energy demand in case Britain exits the European Union. Shell reduced gasoline prices by 65 centavos per liter, diesel also by 65 centavos and kerosene by 45 centavos…

Oil companies increase prices

Eastern, Phoenix, PTT, Total, Shell, Petron, and Flying V have increased diesel prices by P1.00/L and gasoline by P1.20/L.  Watch here.