Oil prices seen to spike again next week

admin   •   September 28, 2018   •   2372

 

A price hike on petroleum products will likely strike again next week.

There will be an estimated per liter increase of P 1.00 for  gasoline;P1.34 on diesel and P1.09 for kerosene.

However, the data may possibly change in the coming days.

Department of Energy (DOE) said the price surge is caused by the current tension between the United States and Iran.

“Patuloy pa rin naman ang pagmomonitor ng Department of Energy sa kalakalan sa international market para makita natin na yung nangyayaring adjustment dito or development ay dala lamang ng international development,” said Oil Management Bureau Asst. Director Del Romero.

 

Shell, Cleanfuel to jack up prices this week

Marje Pelayo   •   November 11, 2019

MANILA, Philippines – Oil companies have announced a price increase on gasoline products effective this week.

Over the weekend, Shell and Cleanfuel announced an additional P0.85 per liter and P0.80 per liter on gasoline, respectively.

Meanwhile, both companies also announced a price cut of P0.15 per liter on diesel.

Likewise, Shell will also slice prices on kerosene by P0.15 per liter.

The price adjustment will take effect at 6AM Tuesday (November 12) for Shell while Cleanfuel will impose their adjustment by midnight of Wednesday (November 13).

Diesel, gasoline prices to go down Tuesday

Robie de Guzman   •   October 28, 2019

MANILA, Philippines – Prices of petroleum products are expected to go down anew this week, marking the second consecutive weekly rollback.

In separate advisories, Phoenix Petroleum Philippines, Pilipinas Shell Petroleum Corp. and Petro Gazz said they are cutting prices of gasoline by P0.45 per liter and diesel by P0.10.

The price cut will take effect on Tuesday at 6:00 a.m.

Cleanfuel stations on Sunday implemented a slash in the price of its gasoline by P0.60 and diesel by P0.20 per liter.

Other oil companies have yet to announce any price adjustment.

DOE wants oil firms to explain discrepancies in price adjustments

Robie de Guzman   •   October 2, 2019

MANILA, Philippines – The Department of Energy (DOE) has ordered 13 oil firms to explain the discrepancies it noted in the rollback implemented for gasoline and diesel prices.

The DOE said in a statement issued Wednesday it issued show-cause orders “in view of the apparent difference in the oil price rollback calculations” between the department and oil companies.

“Mas mababa po ‘yung rollback nila by about P0.22 for gasoline and about P0.06 for diesel and we want them to explain it,” DOE Assistant Secretary Leonido Pulido said in a separate press briefing in Malacañang.  

“Hindi naman po namin sinasabi na mali sila but we want to give them the opportunity to explain to us bakit po ganun,” he added.

Recipients have until Monday, October 7 to formally respond to the department.

Aside from oil companies, the DOE also asked importers and suppliers of liquefied petroleum gas (LPG) to explain the amount of price hike they implemented, which is higher compared to prices in the international market.

Pulido said the issuance of the show-cause orders is in line with its mandate to protect consumer welfare and ensure fair oil industry practices. – RRD (with details from Correspondent Rosalie Coz)

REACH US

The Philippine Broadcast Hub

UNTV, 915 Barangay Philam,

EDSA, Quezon City M.M. 1104

(+632) 8396-8688 (Tel)

(+632) 8920.8336 (Fax)

info@untvweb.com (General inquiries)

support@untvweb.com

UNTV News and Rescue Emergency Hotlines:

LANDLINE (+632) 8396-8688

ADVERTISE WITH US

(+632) 8 442.6244 Loc. 143, 144, 162, 164

advertising@untvweb.com

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.