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…

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…

DOE, Petron hold Euro 4 Fuel Eco Run

The Department of Energy (DOE), in partnership with Petron Corp., conducted the Euro 4 Fuel Eco Run 2016 past 12 midnight Friday to promote fuel economy awareness among consumers. Read more here.

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.

Petron expects net profit at P15-18B

Oil refinery giant Petron Corp. expects net profit to balloon to P15- to P18 billion this year on the back of higher sales volume as a result of its refinery upgrade and continued expansion in retail network.  Read more here.

Petron profit hits P2.8B in Q1

Petron Corp.’s first-quarter net income surged ten-fold to P2.8 billion this year from P257 million in 2015 on higher sales from both its local and regional operations. Read more here.

DOE and Petron partner for Euro 4 fuel run

The DOE has partnered with Petron Corp. for the country’s first Euro 4 fuel economy run, which will be the basis for an expanded energy efficiency standards for motor vehicles. Read more here.