Oil prices seen to spike again next week

admin   •   September 28, 2018   •   2546

 

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.

 

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.

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.

DOE: Electricity bill during ECQ can be paid in staggered payments

Aileen Cerrudo   •   April 27, 2020

The Department of Energy (DOE) said customers can pay their electricity bill by installments during the months under the enhanced community quarantine (ECQ).

Based on the advisory released by the Energy Department, electric bills with due dates from March 15 can pay in installments for four months once the ECQ is lifted.

“Binigyan po natin sila ng panahon para bayaran (We gave them time to pay [the bills]) after the ECQ in four equal installments,” according to DOE Sec. Alfonso Cusi.

There will also be no additional fees for the consumers. According to Cusi, this is to ensure that consumers affected by the coronavirus disease (COVID-19) pandemic won’t have difficulty in paying their bills.

“Para sa ganoon po naman, medyo hindi magipit ang ating mga kababayan sa pagbabayad nitong mga nakonsumong kuryente sa kanilang mga bahay-bahay po, (This is to not burden our fellowmen in paying the electricity they consumed in their homes)AAC (with reports from Vincent Arboleda)

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