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 […]
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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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