Big-time oil price hike looms next week

Marje Pelayo   •   September 23, 2019   •   508

MANILA, Philippines – Oil companies are set to impose another big-time oil price hike next week.

This means an additional P2.00/L will be imposed on the price of gasoline and more than P1.00/L on other fuel products.

Should the big-time price hike push through, the price of gasoline will increase by P2.35/L.

The price of diesel will be up by P1.80/L and kerosene will mark up by P1.75/L.

The Department of Energy (DOE) said the price hike was in relation to the recent bombing at two large oil facilities in Saudi Arabia.

The incident pushed oil prices up in fear of supply shortage.

In a statement, however, Energy Secretary Alfonso Cusi said that consumers have no reason to panic because Saudi Arabia has assured to recover their oil supply to normal at the soonest possible time.

“Hindi makikiusap ang DOE sa mga kumpanya ng langis na utay utayin ang dagdag presyo sa petrolyo sa susunod na linggo (The DOE will not ask oil companies for a gradual price hike next week),” Cusi said.

“Let market forces dictate kasi inaasahan namang babalik na sa normal ang produksyon ng langis ng Saudi Arabia kasunod ng bombing (because it is expected that oil supply will return to normal following the blast in Saudi Arabia),” he added.

The DOE assured also that the country’s oil supply is enough to last for 30 days.

Cusi said they are keen on recommending the suspension of excise tax on oil in case oil prices soar as a result of the blast in Saudi Arabia’s oil facilities. — MNP (with details from Mon Jocson)

Oil prices hike again amid pandemic

Marje Pelayo   •   June 30, 2020

MANILA, Philippines — Heftier pump prices of fuel products greeted motorists Tuesday(June 30), as prices of gasoline, diesel and kerosene marked another price hike that took effect at 6:00 a.m. today.

In separate advisories, Chevron Philippines Inc., Flying V, Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will increase the price of gasoline by P0.70 per liter; diesel by P0.30/L, and kerosene by P0.40/L.

Meanwhile, Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Total Philippines Corp. also implemented the same adjustments, except for kerosene which they do not carry.

Other firms are expected to make their announcements anytime within the week.

The price hike was prompted by the movement of fuel prices in the international oil market.

DOLE prepares for repatriation of OFWs who died of COVID-19 from Saudi

Robie de Guzman   •   June 26, 2020

MANILA, Philippines — The Department of Labor and Employment (DOLE) on Friday said it is now preparing for the repatriation of the bodies of Filipino workers who succumbed to novel coronavirus disease (COVID-19) and other causes in several regions of Saudi Arabia.

In a statement, Labor Secretary Silvestre Bello III said their preparations include a set of protocols from the Department of Health on the handling, reception, and domestic transport of those who died from COVID-19.

Bello said they will be repatriating the remains of 152 Filipinos in Saudi Arabia who succumbed to COVID-19 and 149 others who died from various causes.

The labor chief said the bodies will be flown home by early next month after he was able to secure the approval of the Inter-Agency Task Force for the repatriation process.

Based on initial preparations, two chartered planes will separately fly the coronavirus fatalities and those who died of other causes.

The bodies will be transported from various points to Riyadh and Jeddah, and will be flown back to the country by the second week of July.

Bello said the three Philippine Overseas Labor Offices (POLOs) that will be involved in the process will have to abide by the strict guidelines of both the Saudi and Philippine governments in the transport of the remains.

Families will be notified of the arrival of the remains of their loved ones, along with their respective local government units (LGU) to allow their domestic transport, DOLE said.

Upon arrival in the country, the bodies of COVID-19 victims will be transported, with the help of the Department of National Defense, directly to the crematoriums of choice of the family or the LGU.

The remains of those who died of natural or other causes, meanwhile, will be allowed to be fetched at the airport by their respective families.

Gasoline, diesel prices to go up this week

Robie de Guzman   •   June 8, 2020

MANILA, Philippines – Local pump prices of petroleum products are expected to increase this week.

In an advisory, Pilipinas Shell Petroleum Corporation said it will hike the price of its gasoline by P1.75 a liter, kerosene by P1.00, and diesel by P1.10 per liter.

Petro Gazz also announced it will implement the same price adjustment, except for kerosene which it does not carry.

The oil firms said this price changes will take effect on Tuesday, June 9.

Other oil companies have yet to announce any price movement for the week.

REACH US

The Philippine Broadcast Hub

UNTV, 915 Barangay Philam,

EDSA, Quezon City M.M. 1104

(+632) 8396-8688 (Tel)

info@untv-newsandrescue.com (General inquiries)

ABOUT UNTV

UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.