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. Advertisements

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…

Gas prices to go down today

Fuel prices will go down today, July 5, oil companies announced on Monday. Petron Corp., Shell Philippines, Phoenix Petroleum Philippines, SEAOIL and PTT Philippines said gasoline prices will be slashed by P0.60 per liter on Tuesday. Eastern Petroleum will roll back prices of gasoline products by P0.50 per liter. There will be no adjustments for diesel. Read more…

Eastern Petroleum eyes 100 more EC Gas outlets

EASTERN Petroleum Corp. announced plans to open more EC Gas outlets, at least five every month, in a bid to enhance its current retail network of franchise-owned outlet in Metro Manila and nearby cities. Read more here. 

Caltex to build 30 new gas stations

Chevron Philippines Inc. (CPI) is putting up over 30 new retail stations in existing and new growth areas this year, as it launched a new gasoline product to maintain its position among the top three oil players in the country. The oil firm will add 32 new service stations across the country, adding to around…

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…

DOE, Petron release Euro 4 Fuel Eco Run results

The DOE, in partnership with Petron Corp., unveiled late Tuesday the most fuel efficient gasoline- and diesel-fed vehicles after the 12th fuel economy run or the country’s first Euro 4 Fuel Eco Run.  Among 38 gasoline-fed vehicles, the Suzuki Celerio A/T was the most fuel efficient car consuming 29.14 kilometers per liter (km/L). On the…

Oil prices drop as IEA warns of ‘enormous’ stockpiles

NEW YORK, United States — Crude futures fell for a fourth session running Tuesday as the International Energy Agency (IEA) warned that huge stockpiles would cap any future price gains.  In New York, US benchmark West Texas Intermediate for July delivery shed 39 cents to $48.49 a barrel. In London, Brent North Sea crude for delivery…

Chevron drops gasoline price, but increases diesel and kerosene

Chevron Philippines Inc. (Caltex Philippines) is rolling back the price per liter of gasoline while raising the pump prices of diesel and kerosene.  Chevron on Monday said it will increase diesel prices by P0.35 per liter and kerosene by P0.20. It will also lower the price of gasoline by P0.10 per liter. Read more here.

Oil firms cut gasoline prices; increase diesel

LOCAL oil firms cut gasoline prices but raised the cost of diesel and kerosene at the pump, continuing the price trend set last week.  Shell and Seaoil implemented a rollback for gasoline of 25 centavos per liter and a price hike for diesel of 30 centavos per liter and kerosene of 15 centavos per liter…

Gas prices up; diesel down

A price increase in gasoline and a rollback in the price of diesel is expected this coming Tuesday, June 14, the DOE said.  DOE Director for Oil Industry Management Bureau Melita Obillo said the price adjustment would range from P0.20 to P0.35 per liter. These estimates are based on the first few days of trading week…