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Oil companies will be adjusting their products this week starting tomorrow. In its advisory, Pilipinas Shell will jack up the price of gasoline products by PHP0. 25 per liter while decreasing the prices of kerosene (PHP0.40 per liter) and diesel (P0.10 per liter) respectively come 6 AM, Tuesday, October 15. …

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The Land Transportation Franchising and Regulatory Board (LTFRB) appealed to transport groups to reconsider the planned major transport strike scheduled on September 30. This as transport group Pinag–isang Lakas Ng mga Tsuper at Operator Nationwide (PISTON) is set in holding a transport strike by Monday. The said group staged a …

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Another round of fuel price hikes will hit the Philippines next week, with the prices increasing by as much as PHP2 per liter. First to announce was Pilipinas Shell, posting an increase of PHP2.35 per liter on gasoline, PHP1.80 per liter on diesel, and PHP1.75 per liter on kerosene. The …

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Drone strikes said to be initiated by Iran attacked an oil processing facility in Saudi Arabia on Saturday, September 14. The attack destroyed 5.7 million barrels of crude oil, which amounts to 50 percent of the Middle Eastern kingdom’s daily oil production. The strikes, which came at dawn, hit the …

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Oil companies are set to jack up their diesel and gasoline prices come this week. First to announce was independent oil player Cleanfuel, which is pegged to increase fuel prices by Wednesday, September 18. Shortly after midnight, Cleanfuel will raise price of diesel by PHP0.85/L and gasoline by PHP1.35/L. Shell …

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Several oil companies have increased their pump prices today, Tuesday, July 2, in line with developments in the international market. Petro Gazz, Seaoil, and PTT Philippines said the prices of their respective gasoline products have increased by PHP1.20 per liter and diesel by PHP0.95 per liter as of 6 AM …

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After three consecutive rollbacks, fuel companies have hiked the prices on their pump today, Tuesday, June 18. Pilipinas Shell in its statement said that it has imposed an additional PHP0.35 on gasoline, PHP0.25 on kerosene, and PHP0.201 on diesel at 6 AM . Independent oil giant Cleanfuel posted similar price …

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Last May 28, the Department of Energy (DOE) issued a latest memorandum that revises the guidelines for monitoring of petroleum prices by the downstream oil industry. Energy Secretary Alfonso Cusi said the amendment of the guidelines is consistent with the mandate of the DOE “on effective data-driven policymaking, as well …

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As oil companies implemented a price hike today, January 8, from PHP0.40 per liter for kerosene to as much as PHP0.80 per liter for gasoline, they cautioned the public that the increase still does not reflect the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As …

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The Department of Energy (DOE) has released its guidelines on the second tranche of excise tax hike on fuel products so that it “will be correctly implemented.” According to DOE Undersecretary Felix William Fuentebella, the government is requiring oil companies to submit operations report on a daily, monthly, and annual …

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With another round of oil price hike expected on Tuesday, October 9, the Department of Energy (DOE) has some tips on how motorists can save on fuel to cushion the blow of gasoline prices breaking the PHP60 barrier. According to DOE Secretary Alfonso G. Cusi, his agency is exhausting all …

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Local oil prices have gone up for eight consecutive weeks. According to Tracking Brent crude futures, oil prices in the Philippines are currently at their highest in four years. According to the Department of Energy, the average Metro Manila price per one liter of gasoline is now at PHP59.50. Diesel …

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President Rodrigo R. Duterte has laid out three directives to concerned government agencies in an effort to cushion the impact of oil price hikes on Filipinos, Presidential spokesperson Harry Roque said on Saturday. Roque made this remark amid the soaring oil prices in the world market. “Our president is not …

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