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Oil companies to rollback petroleum prices Tuesday

by admin   |   Posted on Monday, December 17th, 2018


MANILA, Philippines — Some oil companies will impose a price rollback on petroleum products.

Price decline on Caltex and Phoenix Petroleum products will take effect on Monday (December 17) at 12:00 midnight.

Caltex will cut P0.10 per liter on the prices of gasoline while P0.25 per liter on diesel and kerosene.

Eastern Petroleum will impose a bigger price cut on its prices with P0.35 per liter on diesel while P0.15 per liter on gasoline.

Other oil companies will enforce rollback on Tuesday (December 18) starting 6:00 a.m.

Last Saturday (December 15), Phoenix Petroleum and Seaoil already enforced a price cut. — UNTV News & Rescue

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Oil price hike looms this week

by Aileen Cerrudo   |   Posted on Monday, July 15th, 2019

Oil prices are set to increase on Tuesday (July 16) due to a surge in the global fuel prices.

Oil companies including Unioil, Seaoil, and Shell will increase prices in gas by P1.05 per liter, diesel and kerosene by P0.70 per liter. —AAC

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Oil firms announce big-time gasoline price slash

by Robie de Guzman   |   Posted on Monday, May 13th, 2019

Motorists can expect lower prices of gasoline and kerosene this week.

Local oil industry players have announced that the price of gasoline will be reduced by P1.25 per liter while kerosene will be slashed by P0.30 a liter.

Diesel will have no price movement.

The price rollback will take effect on Tuesday (May 14) but some oil companies have opted to implement the price cut early.

The oil price slash was imposed to reflect the prices in the world market.

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Iraq seeks exemption from U.S. sanctions on Iran, PM says

by admin   |   Posted on Wednesday, December 12th, 2018

Iraq’s Prime Minister-designate Adel Abdul Mahdi | Iraqi Parliament Office/Handout via REUTERS

Iraq will send a delegation to the United States seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, Prime Minister Adel Abdul Mahdi said on Tuesday (December 12).

Washington gave Iraq a 45-day waiver for imports of gas from Iran when it reimposed sanctions on Iran‘s oil sector on Nov. 5. Iraqi officials have said they need around two years to find an alternative source.

Washington is seeking to roll back Iranian influence in the Middle East, including in Iraq, where Iran holds broad sway over politics and trade.

Abdul Mahdi, who assumed office in October after six months of political uncertainty following an inconclusive election, on Tuesday met U.S. Energy Secretary Rick Perry in Baghdad.

Abdul Mahdi’s office said Perry was in Baghdad with a delegation of over 50 business people. — Reuters

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