Local oil companies are expected to implement a substantial price increases next week to reflect the direction the world oil market taken amid heightened tensions in the Middle East. A top executive at Jetti Petroleum forecasts an oil price hike of P2....

Domestic pump prices will likely have a mixed movement this coming week with gasoline going down by as much as P0.90 per liter, while diesel and kerosene will go up by P0.60 per liter to P0.90 per liter, respectively. “Based on the four-day tradi...

The Department of Energy (DOE) does not expect a spike in domestic fuel prices in the wake of the worsening conflict between Iran and Israel, but continues to  monitor developments in the world oil market. “While the market may initially have reac...

The continued volatility in the world oil market cut into the expected price rollback this week, as oil companies set a final cut of P0.60 per liter for gasoline, P0.40 per liter for kerosene, and P0.10 per liter for diesel effective 6 a.m. Tuesday. Se...

Consumers are facing a double whammy as oil firms announced a price hike of as much as P1.50 per liter for diesel fuel, while power rates of the Manila Electric Co. (Meralco) are also expected to go up this week. Oil firms also increased the price of kerosene by P0.80 per liter and gasoline by […]
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Consumers can expect pump prices to go up again next week, with gasoline expected to rise by as much as P2.10 per liter to reflect the movement of prices in the world market for oil. Industry sources said that based on the four-day trading of the Mean of Platts Singapore, the pricing benchmark used by […]
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Consumers are facing a hefty price hike of P1.30 per liter for gasoline and P0.95 per liter for diesel effective 6 a.m. today (Tuesday) to reflect the ongoing volatility in the world oil market. Oil firms, however, will not adjust kerosene prices this week. Seaoil Philippines and Cleanfuel issued their respective advisories of the oil […]
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Oil firms increased the price of all products – gasoline, diesel and kerosene – by P0.10 per liter effective 6 a.m. today (Tuesday) to reflect the movement of oil prices in the world market. Seaoil Philippines, PetroGazz, Chevron Philippines, Jetti Petroleum, Cleanfuel and PTT Philippines issued separate advisories of the oil price increases. The oil […]
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Energy Secretary Raphael Lotilla expressed optimism about the country’s power supply for 2024, while emphasizing the need for global support in a “just” energy transition away from fossil fuels. “We did manage to contain the weaknesses in 2023, and 2024 promises to be better, especially with the completion of major transmission connections,” Lotilla said in […]
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Diesel and kerosene prices will go up by P0.30 per liter and P0.65 per liter, respectively, today while gasoline will not move effective 6 am as they reflect the movement of prices in the world oil market. “PTT Philippines to implement a P0.30 per liter increase on diesel price effective 6am Tuesday, November 28, 2023. […]
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Subscribers of Manila Electric Company (Meralco) are getting zero benefits from the utility’s franchise as the “economies of scale” that should cut costs are instead just bloating the company’s size and profits, a consumer advocate said. “Usually in economies of scale, as we understand it, the larger you grow, the lower is your cost, so […]
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Consumers can expect a price rollback across all products by Tuesday next week to reflect the movement of prices in the world oil market. Industry sources estimate the price rollback for diesel at P1 to P1.30 per liter, kerosene at P0.85 to P1.05 per liter and gasoline from P0.40 to P0.70 per liter. Meanwhile, power […]
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Oil prices may have a mixed movement next week, with a possible rollback in gasoline of up to P1.90 per liter, while diesel prices may increase by up to P0.20 per liter or remain the same. On the other hand, kerosene prices are also expected to go down by about P0.60 per liter. This is […]
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The Department of Energy (DOE) warned that world oil prices may continue to be volatile despite forecasts of a possible rollback in the domestic market due to the movement of global prices early this week. “You know that it is volatile and we have to always be ready. Because we are already moving towards the […]
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Finance Secretary Benjamin Diokno on Tuesday said suspending the collection of excise taxes on petroleum products, as House Speaker Martin Romualdez suggested the government could do, would cause “huge damage” to the economy. Romualdez brought up the proposal after emerging from a meeting with oil company representatives where he asked them to slash fuel prices, […]
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Consumers must brace for a big-time oil price hike next week of as much as P2 per liter, which reflects the movement of prices in the world market. Industry estimates based on the four-day Mean of Platts Singapore benchmark showed that diesel may go up by P1.80 to P2 per liter, kerosene by P1.70 to […]
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The Department of Transportation said it will distribute P3 billion in fuel subsidies to 1.36 million public utility vehicle drivers nationwide affected “within the next 2 days, the latest would be September 15.” Transportation Secretary Jaime Bautista said the subsidy will help PUV drivers and operators following nine straight weeks of oil price increases. Diesel […]
The post DTI: Fuel subsidies dealt within 2 days; Diesel up by 40c/liter, gasoline by 20c appeared first on Manila Standard.

The P6,500 to P10,000 one-time fuel subsidy is not enough amid increasing pump prices, the transport group Pagkakaisa ng Samahan ng Tsuper at Operator Nationwide (PISTON) said Saturday. This was as Unioil Petroleum Philippines forecasted a higher oil price hike on Tuesday of P0.40 to P0.60 per liter for diesel and P0.10 to P0.30 per […]
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Power distributor Meralco said it will increase electricity rate by P0.5006 per kilowatt-hour this month due to higher costs from its suppliers. Residential customers consuming an average of 200 kWh will see an increase of around P100 in their total electricity bill. The rate hike followed two consecutive months of price reductions totaling P1.0121 per […]
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