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No need to suspend excise tax on fuel despite US-Iran tensions

THE HOUSE Committee on Ways and Means “sees no need” to suspend the fuel excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) Law despite the ongoing tensions between the United States and Iran, according to its chairman.

Fuel prices higher again this week

OIL COMPANIES are raising the prices of petroleum products this week after last week’s price cut that saw a more than one peso reduction in the cost of diesel.

Maintaining trucks part by part

As trucks are used over time in delivering cargoes, they inevitably wear out. It is important, therefore, to keep them in top condition, from...

Ways to increase fuel economy

High fuel prices are a constant source of stress and frustration for car owners. But there are several tried-and-tested steps motorists can take squeeze...

Economical and eco-friendly tips to use gasoline

The world of energy and fuel has been transformed by the discovery of oil and gasoline, a discovery that ushered in an industrial revolution...

Minimal rollback in fuel prices this week

OIL COMPANIES are rolling back the prices of petroleum products this week to reflect the movement of rates in the international market.

Gasoline, diesel prices higher again this week

FUEL PRICES are up for the third straight week as oil companies announced rate hikes for gasoline, diesel and kerosene effective 6 a.m. of July 2.

More than P1 rollback on fuel prices this week

OIL COMPANIES Petron Corp. and PTT Philippines Corp. announced price rollbacks effective 6:00 a.m. on Tuesday at P1.70 per liter (/L) on gasoline, P1.05/L on diesel, and P1.00/liter on kerosene.

Fuel prices higher again this week

AFTER THE past two weeks of decline, gasoline prices this week will rise by P0.90 per liter (/L), while the prices of diesel products will increase by P0.80/L, the same amount that was cut two weeks ago.

Gasoline, kerosene prices drop for 2nd week

FOR THE second straight week, oil companies are cutting the prices of their gasoline products to reflect the movement of prices in the international market.

Fuel prices all up this week

OIL COMPANIES are raising the prices of petroleum products this week after the minimal adjustment a week ago.

Only gasoline products up this week

OIL COMPANIES are raising the price of gasoline products this week by P0.10 per liter, while keeping the prices of diesel and kerosene unchanged.

Fuel prices up this week following supply cuts, Libyan conflict

OIL COMPANIES are raising the prices of petroleum products this week to reflect the movements in the international fuel market.

Fuel prices up again after last week’s decline

OIL COMPANIES are set to increase the price of petroleum products after last week’s decline, with the cost of gasoline increasing by P0.25 per...

Fuel prices continue climb this week

OIL COMPANIES are raising the prices of gasoline, diesel and kerosene this week to reflect the movement of prices in the international market.

Gasoline up by P1.45/L, other fuel prices also higher this week

OIL COMPANIES are raising the prices of petroleum products this week, with gasoline prices increasing by P1.45 per liter (/L), one of the biggest price hikes in recent months.

Fuel prices in ‘big time’ increase

OIL companies are implementing another “big time” price increase for petroleum products this week, with both gasoline and diesel rising by P1.45 per liter.

Fuel prices raised anew

Oil companies are raising the prices of petroleum products this week but at a rate lower than in the previous week.

World prices push local fuel rates up for 2nd week

OIL COMPANIES will be raising the prices of petroleum products this week, extending last week’s increase after weeks of price cuts for most of the fourth quarter of last year.

Fuel prices up this week following international rates hike

OIL COMPANIES are raising the prices of petroleum products this week as trading in the international market had taken a sharp turn on Thursday last week after days of steady decline, Energy officials said on Monday.

DoE monitoring oil firms’ compliance with excise tax implementation

THE Department of Energy (DoE) is monitoring oil firms to ensure the second round of excise taxes for petroleum slated for 2019 will only be imposed on new inventory.

Fuel prices drop for 8th straight week

OIL COMPANIES have cut the prices of petroleum products as early as the weekend, with Petron Corp. among the last to send its advisory of a rollback of P2.00 per liter (/L) for gasoline, P2.10/L for diesel and P2.00/L for kerosene.

Rollback

A fuel station in the National Capital Region gets a diesel supply refill on Sunday, a day before most oil companies were to implement a rollback in pump prices today, Oct. 22, for the second week in a row, following movements in the international oil market.

Consumers get relief from fuel price cuts

AFTER NINE straight weeks of imposing increases, oil companies on Monday cut the price of gasoline products by P0.85 per liter (/L) to reflect the movement of prices in the international market.

Fuel prices continue to climb

THE PRICES of gasoline, diesel, and kerosene are increasing again on Tuesday, Sept. 25, the seventh straight week that oil companies have not imposed any rollback on the cost of petroleum products.

Fuel prices up P0.65/L this week

OIL COMPANIES are raising the prices of petroleum products this week by P0.65 per liter (/L) for gasoline, diesel and kerosene.

Hefty hike on fuel prices this week

OIL COMPANIES will implement a hefty price increase for all petroleum products this week, with diesel registering the biggest hike at P1.20/L.

Fuel products up this week

OIL COMPANIES are raising the prices of major petroleum products this week, with gasoline going on its third week of hike.

Oil holds gains as US rigs decline at fastest pace since...

Oil held gains above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S....

PNOC-EC seeks suppliers of Euro 4 gas oil, diesel

PNOC Exploration Corp. (PNOC-EC) plans to buy Euro 4 gas oil or diesel fuel from any point of origin of the seller in a...

Group of oil firms appeals to DoE on Euro 2 revival

Independent Philippine Petroleum Companies Association (IPPCA) has asked the Department of Energy (DoE) to consider other means in helping rein in inflation instead of...

PCA highlights economic gains in hiking coconut content in biodiesel

The Philippine Coconut Authority (PCA) and the Department of Agriculture (DA) will be vouching for the increase of coconut methyl ester (CME) content in...

Petron says fuel supply steady despite row with PNOC

Petron Corp. said on Thursday, Aug. 2, that the supply of its petroleum products has remained "steady" all over the country despite its legal...

Hefty fuel price hike after drop last week

AFTER LAST week’s brief respite, consumers are faced this week with another hefty oil price increase, with gasoline prices posting the biggest increase at P1.15 per liter (/L).

Fuel prices roll back this week

PRICES OF petroleum products are rolling back this week, with kerosene having the biggest price cut at P1.25 per liter (/L).

Choosing the right sedan

With the increasing number of vehicle categories in the market today, sedan remains as the practical choice for millions of car buyers. The traditional...

Uptick in fuel prices continue this week

CONSUMERS WILL have to bear another increase in oil prices this week, although less than the price adjustments the previous week.

There are fears about an oil spike above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is...

Fuel prices pulled higher by international market rates

PRICES OF gasoline, diesel and kerosene will all increase this week to follow the movement of prices in the international market, oil companies said on Monday. Gasoline will be costlier by P0.65 per liter (/L), diesel by P0.55/L and kerosene by P0.70/L.

Fuel prices up this week

AFTER TWO straight weeks of decline, prices of petroleum products are set to increase this week to reflect the movement in the international market, oil companies said.

Oil drops after Saudi-Russia output revival plan rattles traders

Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures...

Fuel prices up again this week

OIL COMPANIES will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a...

Senate panel recommends suspension of fuel excise tax

The Senate committee on public services has moved to recommend the suspension of excise taxes on fuel amid rising prices in the wage of...

Pilipinas Shell, Phoenix Petroleum win supply bid for two power plants

The Power Sector Assets and Liabilities Management Corp. (PSALM) selected Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Oil trades above $70 as market awaits Trump call on Iran...

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on...