By Christian V. Esguerra MANILA, Philippines — With oil companies promptly raising the prices of petroleum products as soon as Executive Order 839 was lifted on Monday, Malacañang warned it would not hesitate to order another price freeze if the pricing behavior of the firms becomes abusive. The government is “not left without legitimate means [...]
Posts Tagged ‘EO839’
Gov’t warns of EO 839 revival (11/19/09)
Posted in Inquirer News, tagged EO839 on November 19, 2009 | 1 Comment »
Gas prices start going up (11/18/09)
Posted in Inquirer News, tagged EO839 on November 18, 2009 | Leave a Comment »
Diesel now costs P2 more per liter By Abigail Kwok, Amy R. Remo, Abigail L. Ho INQUIRER.net, Philippine Daily Inquirer MANILA, Philippines — Two days after Malacañang lifted the price caps on fuel, Pilipinas Shell Petroleum Corp., Petron Corp. and three small oil companies began raising their prices—diesel by P2 a liter, gasoline by [...]
Small oil players lead in raising pump prices (11/18/09)
Posted in Philippine Star News, tagged EO839, Oil prices on November 18, 2009 | Leave a Comment »
Small oil players Eastern Petroleum Corp., Unioil Petroleum, Flying V, and Phoenix Petroleum Philippines fired the first volley of oil price hikes yesterday after the lifting on Monday of the government-imposed price cap on petroleum products. Eastern Petroleum raised the prices of diesel by P2 per liter effective today, and of unleaded gasoline and kerosene [...]
Oil price cap lifted; discounts vowed (11/17/09)
Posted in Inquirer News, tagged EO839, EO845, Oil prices on November 17, 2009 | Leave a Comment »
MANILA, Philippines—President Gloria Macapagal-Arroyo on Monday lifted the cap on fuel prices as she directed a task force to implement the package of proposals promised by oil players, including discounts and staggered price adjustments, in Luzon. Ms Arroyo issued Executive Order 845 lifting EO 839 which froze fuel prices in calamity-stricken Luzon at their Oct. [...]
Malacañang lifts fuel price cap (11/17/09)
Posted in Business World News, tagged EO839 on November 17, 2009 | Leave a Comment »
MALACANANG yesterday ended the ceiling imposed three weeks ago on the prices of petroleum products in Luzon, while ordering the Energy and Justice departments “to implement” proposals from oil firms to provide discounts and other “more targeted and focused calamity assistance” to selected cities and provinces still reeling from the impact of recent storms. President [...]
Oil firms seen raising prices by P4.50 (11/16/09)
Posted in Malaya News, tagged EO839, Oil prices on November 16, 2009 | Leave a Comment »
Oil companies will likely raise prices by P4.50 a liter in three installments of P1.50 each in as many weeks to reflect the increase in cost of imported products from October 15, the prize freeze date imposed by Executive Order 839, industry sources said yesterday. The price cap on oil products as well as other [...]
Palace: we made our point clear in EO 839 (11/16/09)
Posted in Business Mirror News, tagged EO839 on November 16, 2009 | Leave a Comment »
MALACAÑANG is confident the temporary oil-price freeze, which will be lifted today, has “made it clear” to the oil industry and the public that the government is not without means to deal with oil price-related issues, if warranted. Deputy Presidential Spokesperson Gary Olivar said in a radio interview the imposition of Executive Order (EO) 839 [...]
BSP sees no reason for oil firms to raise prices (11/16/09)
Posted in Philippine Star News, tagged EO839, Oil prices on November 16, 2009 | Leave a Comment »
There is no reason for fuel pump prices to increase with the scrapping of Executive Order 839 that had implemented a price cap on oil products in Luzon, officials pointed out. An official of the Bangko Sentral ng Pilipinas (BSP) said the movement of oil prices in the world market and peso as against the [...]
Arroyo to act on EO 839 after Apec meeting (11/13/09)
Posted in Business Mirror News, tagged EO839 on November 13, 2009 | Leave a Comment »
PRESIDENT Arroyo will act on the recommendation to lift the oil-price freeze after she attends the Asia-Pacific Economic Cooperation (Apec) Leaders’ Summit this weekend, Malacañang said on Thursday night. Asked when the President would act on the recommendation to lift the oil-price freeze, Press Secretary Cerge Remonde said in an interview before a dinner reception [...]
GMA set to lift price controls on gas, basic goods (11/13/09)
Posted in Philippine Star News, tagged EO839, Oil prices on November 13, 2009 | Leave a Comment »
President Arroyo is set to lift the price caps on petroleum products and basic goods in Luzon after oil firms and traders vowed to give consumers a reprieve from high prices, Trade Secretary Peter Favila said yesterday. Press Secretary Cerge Remonde told reporters last night Mrs. Arroyo will act on the matter upon her return [...]
