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A LEGISLATOR said he is proposing a bill to thwart the formation of a monopoly in the downstream oil industry.
THE government has marked 10.066 billion liters of oil as of July 18 under a fuel marking program designed to deter smuggling, the Department of Finance said.
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.
OIL COMPANIES are raising the prices of petroleum products this week to reflect the movements in the international fuel market.
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.
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.
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.
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.
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....
Independent Philippine Petroleum Companies Association (IPPCA) has asked the Department of Energy (DoE) to consider other means in helping rein in inflation instead of...
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 Corp. said on Thursday, Aug. 2, that the supply of its petroleum products has remained "steady" all over the country despite its legal...
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.
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...
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