Phoenix Petroleum to sell off shipping, industrial park business

PHOENIX Petroleum Philippines, Inc. is selling its shipping and industrial park units to its ultimate parent company Udenna Corp. to pay off debts while focusing on its main business of oil trading and retailing, the company said on Monday. Read more here.

Phoenix Petroleum starts share buyback

Independent oil player Phoenix Petroleum Philippines Inc. is undertaking a share buyback scheme to prop up the company’s stock price. The company said it started its buyback program worth up to P250 million as approved by the Securities and Exchange Commission (SEC). Read more here.

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…

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 firms to cut gas prices but increase diesel

Pilipinas Shell Petroleum Corp., Phoenix Petroleum Philippines Inc., Flying V, and Eastern Petroleum Corp.,  SEAOIL Philippines Inc., and PTT Philippines Corp.  will cut gasoline prices by P0.15 per liter, but raise diesel by the same amount starting Tuesday. Read more here.

7 oil companies raising gasoline prices today

At least seven oil companies are raising pump prices of petroleum products starting today.  In separate advisories, Flying V, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., Eastern Petroleum Corp., SEAOIL Philippines Inc., TOTAL Philippines Corp., and Pilipinas Shell Petroleum Corp. noted gasoline prices will go up by 35 centavos per liter and diesel by 40…

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.

Phoenix Petroleum posts P255-million net income in Q1

DAVAO-BASED leading independent oil company Phoenix Petroleum Philippines Inc. posted a net income of P255 million for the first quarter of the year, up by 11 percent from last year’s numbers.  Read more here.