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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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