After abstaining from enforcing price adjustments last week, big and small oil companies on Tuesday jacked up their pump prices by 50 centavos per liter. Imposing the price increase at 6 a.m. on Tuesday were oil giants Petron Corp., Chevron Philippines (formerly Caltex), and smaller oil firm Seaoil Philippines. Fernando Martinez, president of independent oil [...]
Posts Tagged ‘Oil prices’
Oil Prices Increase by P0.50 a Liter (9/08/2010)
Posted in Manila Bulletin News, tagged Oil prices on September 8, 2010 | Leave a Comment »
DoE eyes oil de-linked pricing for LNG projects (8/03/2010)
Posted in Manila Bulletin News, tagged LNG, Oil prices, Power cost on August 4, 2010 | Leave a Comment »
With the anticipated entry of projects for liquefied natural gas (LNG) facilities that shall underpin fuel needs of power projects, the Department of Energy (DoE) said it has been talking to project sponsors on the possibility of de-linking the commodity’s pricing to global oil cost movements, especially for long-term supply contracts. “We have been asking [...]
Amendments to oil deregulation law sought (8/03/2010)
Posted in Inquirer News, tagged Oil Deregulation Law, Oil prices on August 4, 2010 | Leave a Comment »
To establish basis for ‘fair and reasonable pricing formula’ Legislative amendments are being proposed into the Downstream Oil Industry Deregulation Act to establish the basis for ‘fair and reasonable pricing formula’ on petroleum products being sold at the gas pumps. Given the fact that the Department of Energy (DoE) currently lacks stronger power to ‘monitor’ [...]
Shell to reduce gasoline prices once crude tariff is eliminated (6/14/2010)
Posted in Manila Times News, tagged Oil prices, Oil tariff on June 15, 2010 | Leave a Comment »
PILIPINAS Shell Petroleum Corp. expects pump prices to go down once the proposed tariff cut on crude is implemented. ”The reduction in cost will definitely be reflected in the market,” Edgar Chua, Shell country chairman, said. The government, through the National Economic Development Authority board, earlier approved a reduction in the tariff of crude oil [...]
Major oil companies raise prices to reflect world market (6/09/2010)
Posted in Business World News, tagged Oil prices on June 9, 2010 | Leave a Comment »
OIL MAJORS Pilipinas Shell Petroleum Corp., Chevron Philippines, Inc. and Petron Corp. have raised pump prices of all petroleum products to reflect higher international oil prices. In separate text messages, the companies said prices for diesel, regular gasoline, premium gasoline and kerosene were adjusted by P1 per liter effective yesterday. Phoenix Petroleum Philippines, Inc. also [...]
More oil firms cut pump prices (5/31/2010)
Posted in Philippine Star News, tagged Oil prices, Oil tariff on May 31, 2010 | Leave a Comment »
Pilipinas Shell and Unioil Petroleum Philippines reduced yesterday the pump prices of premium and unleaded gasoline, diesel and kerosene by 50 centavos per liter. Shell also reduced the price of regular gasoline by P1 per liter. The rollback took effect at noon yesterday. Petron Corp., Chevron Philippines Inc., and Phoenix Petroleum Philippines earlier had rolled [...]
Power rates down, pump prices up (5/06/2010)
Posted in Philippine Star News, tagged Meralco, Oil prices, Power cost on May 6, 2010 | Leave a Comment »
The Manila Electric Co. (Meralco) announced yesterday a cut of P1.26 per kilowatt-hour (kWh) in the generation charge for May electric bills. Meanwhile, oil companies raised gasoline and diesel prices yesterday by 50 centavos per liter. Ivanna dela Peña, Meralco utility economics head, said the decrease could be attributed to the lowering of the price [...]
Other oil companies also reduce local fuel prices (01/27/2010)
Posted in Business Mirror News, tagged Oil prices on January 27, 2010 | Leave a Comment »
MOTORISTS are given more freedom to choose where to gas up, as the other oil companies also reduced the price of local fuel products on Monday morning and noon. Following Flying V, Phoenix Petroleum Philippines Inc. and Pilipinas Shell Petroleum Corp.’s price cut on Monday morning were Chevron Philippines Inc., Eastern Petroleum Corp., PTT Philippines [...]
Oil firms jack up pump prices by P1.50 (11/24/09)
Posted in Philippine Star News, tagged Oil prices, Price hike on November 24, 2009 | Leave a Comment »
Small oil players Flying V and Eastern Petroleum Corp. again led the new round of oil price hikes, raising their pump prices by P1.50 per liter. The higher prices take effect today. Eastern chairman Fernando Martinez said the latest price increase was “overdue.” “We should have done these price adjustments more than a month ago. It’s [...]
Gasoline supply set to normalize (11/19/09)
Posted in Philippine Star News, tagged Fuel supply, Oil prices on November 19, 2009 | Leave a Comment »
Fuel supply is expected to normalize in a week even as pump prices are likely to jump as oil firms prepare to recoup losses from rising global crude costs. Pilipinas Shell Petroleum Corp. country chairman Edgar Chua said price adjustments would depend on market forces or on the movement of global crude costs. Asked when [...]
