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.

DOE eyes creation of ‘energy city’

The Department of Energy plans to create an “energy city” in Batangas to be composed of liquefied natural gas (LNG) facilities. This will serve as a back up plan to whatever may happen with the Malampaya deepwater-to-gas project off Palawan. Energy Secretary Alfonso G. Cusi said on the sidelines of a Senate hearing Tuesday that…

COA ruling on Malampaya tax dispute merits DOE review

The Department of Energy (DOE) is studying options on how to go about the Commission on Audit’s ruling on the P53.14-billion tax dispute of the consortium operating the Malampaya deep water gas-to-power project. COA wrote the DOE to ask its position on the tax dispute, Energy Secretary Alfonso Cusi said in an interview after the…

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 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…

RP moves to dismiss SPEX-initiated arbitration case

The Philippine government has moved to dismiss the the arbitration case sought by Shell Philippines Exploration B.V. (SPEX) over a P53.14-billion tax deficiency from the Malampaya deep water gas-to-power project. Read more here.

Shell board approves IPO

Royal Dutch Shell Plc, the parent company of Pilipinas Shell Petroleum Corp., has approved the initial public offering (IPO) of its Philippine unit, the Department of Energy (DoE) said, finally moving forward a milestone that has long been awaited by the industry.  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…

Shell may exit 10 countries

Energy giant Royal Dutch Shell on Tuesday, June 7, said it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years.  Following its recent huge takeover of rival BG Group, the expanded company expects also to make higher cost savings than previously announced.  Read more…

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.