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After the series of price cuts last month, fuel companies are set to jack prices of gasoline products by the pump. In their separate advisories over the weekend, oil firms Shell and Cleanfuel would jack the pump price of Gasoline by Php.85 per liter.  However, they would also cut their …

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Oil prices by the pump are on a downward trend for this week. Since Sunday, independent oil company Cleanfuel announced a rollback on diesel at PHP0.20 per liter and gasoline by PHP0.60 per liter starting yesterday, Sunday afternoon, on October 27. Meanwhile, Pilipinas Shell will cut its prices of PHP0.45 …

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If you can, fill up on fuel tomorrow as petroleum companies have started to announce a rollback on their products then. First to announce the rollback at around 8 AM today is independent oil company PTT Philippines, with its gasoline prices going down by PHP0.25 per liter and diesel at …

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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 Department of Energy (DOE) is drafting a bill establishing a strategic petroleum reserve to cushion the impact of the rising oil prices on consumers and ensure supply security. DOE Assistant Secretary Leonido Pulido III said the department will soon be introducing the bill to Congress but did not give further …

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Energy Secretary Alfonso Cusi has asked 13 oil companies to explain the discrepancies in their price reductions. In a statement on Wednesday, October 2, the Department of Energy (DOE) said show-cause orders (SCOs) were issued “in view of the apparent difference in the oil price rollback calculations” of the department …

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Independent local petroleum company Seaoil is the first to roll back the prices of its oil products following last week’s PHP2+ price hike. As of 6 AM today, September 30, Seaoil’s gasoline price is down by PHP1.45/liter followed by diesel at PHP0.60/liter and kerosene at PHP1/liter. Total Philippines has also …

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As local oil prices went up by as much as PHP2 yesterday, September 24, following the attack on two oil processing facilities in Saudia Arabia in the early morning hours of September 14, the prices in the global market went down as as investors’ worries eased with news that the …

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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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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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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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