The country’s smaller oil players are seeking the suspension of zero tariff on imported petroleum products in lieu of the 250-percent hike in toll fees at the South Luzon Expressway (SLEX). In a statement, Independent Philippine Petroleum Companies Association (IPPCA) chairman Fernando Martinez said it would be more advantageous to scrap the executive order eliminating [...]
Posts Tagged ‘Oil tariff’
Small oil firms seek suspension of zero tariff (6/29/2010)
Posted in Philippine Star News, tagged Oil tariff on June 29, 2010 | Leave a Comment »
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 [...]
Smaller oil firms step up fight vs refiners on oil’s zero tariff (6/02/2010)
Posted in Uncategorized, tagged Oil tariff on June 2, 2010 | Leave a Comment »
The country’s smaller oil companies have slammed oil refiners for allegedly lobbying for the removal of the most favored nation (MFN) import duty on crude and finished petroleum products saying this would translate to estimated P10 billion in foregone government revenues. The Independent Philippine Petroleum Companies Association (IPPCA) said that the position papers submitted by [...]
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 [...]
Small oil players buck zero tariff plan (5/27/2010)
Posted in Inquirer News, tagged Oil Deregulation Law, Oil tariff on May 27, 2010 | Leave a Comment »
SMALL oil players, led by the Independent Philippine Petroleum Companies Association (IPPCA), slammed the planned reduction of tariff on crude oil to zero, stressing that this would create an uneven playing field for importers and refiners. In an interview, IPPCA chairman Fernando Martinez said independent oil players were appealing to President Gloria Macapagal-Arroyo to hold [...]
Arroyo to cut tariff on oil, asphalt, raw materials (5/26/2010)
Posted in Inquirer News, tagged Oil tariff on May 26, 2010 | Leave a Comment »
President Gloria Macapagal-Arroyo is set to sign a series of executive orders reducing tariffs on crude oil and refined petroleum products, asphalt and other raw materials to stabilize prices, according to the government’s economic officials. The National Economic and Development Authority (Neda) board approved the “revenue-eroding measures,” which would result in “reduced prices of all [...]
Gov’t mulls zero tariff on crude oil (05/04/2010)
Posted in Manila Bulletin News, tagged Oil tariff on May 4, 2010 | Leave a Comment »
To entice $23-billion oil refinery investments Huge investments of $23.060 billion in oil refineries from three major oil players in the country in the next three years are expected to flow in once the government is able to level the playing field by reducing the most favored nation tariff on raw materials (crude and petroleum [...]
Petroleum tariff lifting costs P9B, splits experts (04/06/2010)
Posted in Business Mirror News, tagged Oil tariff on April 6, 2010 | Leave a Comment »
WITH an estimated P9 billion in revenues to be forgone, government agencies making up the Committee on Tariff and Related Matters (CTRM) are still divided on whether to grant the petition of Petron Corp. for the removal of the 3-percent most favored nation (MFN) tariff on crude petroleum. With this, the CTRM is now also [...]
Distortion in duties could force refineries to close down — Petron (11/05/09)
Posted in Business World News, tagged EO839, Oil tariff, Petron on November 5, 2009 | Leave a Comment »
PETRON CORP. yesterday warned the government that refiners like itself might close down its plants and merely import finished petroleum products if the tariff on crude oil — a raw material — is not eliminated. The oil firm, already smarting from the ongoing fuel price freeze, said it would lose out to importers of finished [...]
Tariff Commission hears Petron’s petition (11/03/09)
Posted in Manila Bulletin News, tagged Oil tariff on November 4, 2009 | Leave a Comment »
To exclude crude oil from ASEAN scheme The Tariff Commission is set to hear Wednesday a petition by Petron Corp. to either exclude or suspend the crude oil and petroleum products from the coverage of the ASEAN Trade in Goods Agreement (ATIGA) and the ASEAN-Korea Free Trade Area (AKFTA) or reduce the most favored nation [...]
