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…
Tag: oil prices
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.
Oil jumps as US crude inventories fall
New York — Oil scored a second straight day of solid gains Wednesday as US crude inventories fell much more than expected and Brexit fears receded. Oil prices advanced on easing worries about Britain’s vote to leave the European Union and its impact on the global economy. The gains accelerated after the US Department of…
Oil extends slide on worries about impact of Brexit
SINGAPORE, Singapore—Oil prices suffered fresh losses in Asian trade Monday as the fallout from last week’s decision by Britain to leave the European Union batters confidence and ushers in a period of uncertainty. Global markets took a beating Friday, with some $2.1 trillion wiped off valuations and the British pound plunging to 31-year lows against…
Oil prices fall for first time in 3 days
Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market participants to focus on supply issues. Read more here.
DOE taps UP for biodiesel roadmap study
The Department of Energy (DOE) is undertaking two studies on the implementation of a new roadmap for biodiesel to balance its benefits to coconut farmers and impact to consumers. Outgoing DOE Secretary Zenaida Monsada said the agency has engaged another party to do research on biodiesel and its impact on fuel prices. This study, which would be…
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 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…
Oil falls on prospects of rising output in Canada, Africa
NEW YORK, United States — Oil prices fell Monday on expectations for stronger production in North America and Africa and tepid global demand growth. Read more here.
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…
Winnergy Holdings Corp. 