Motorists better gas up soon, as DOE issued an advisory on a new round of oil price hikes next week. In its advisory, the DOE sees gas increasing by around Php 3.50 per liter, while diesel will have a higher price hike at around Php 4.50 per liter. Oil Industry Management Bureau Rino Abad explained […]
After increasing consecutively for ten straight weeks, it is just time for the much anticipated rollback. Seaoil Philippines is the first to announce a huge rollback on its fuel prices. Starting tomorrow morning, Seaoil is implementing a rollback of Php 5.40 on gasoline, Php 11.45 on diesel, and Php 8.55 on kerosene. Last week, the […]
For those of us who drive or use any form of motorized vehicle on a daily basis, the recent gargantuan hikes in fuel prices have been nothing short of painful. The average person will be sure to feel the brunt as well through the price increase of almost all goods and services in the market, […]
According to the Department of Energy’s Oil Industry Management Bureau (OIMB), some events across the globe have caused a dip in fuel prices hence we can expect a huge rollback next week. During CNN Philippines’ New Day on Wednesday, the local agency said that global fuel prices have dropped. One of the main reasons is […]
Just when you thought that fuel prices have already gone through the roof, another huge increase is set to take effect tomorrow, March 15. The price of gasoline will increase by Php 7.1 per liter while diesel will increase by as much as Php 13.15 per liter. So far, only Caltex and Cleanfuel have made […]
Fuel prices have been increasing for the 10th consecutive week now. To address the problem, President Rodrigo Duterte ordered five associated government agencies to do whatever they can to ease the soaring fuel prices. Government agencies such as National Economic and Development Authority (NEDA), Department of Energy (DOE), Department of Trade and Industry (DTI), Department of Finance […]
After consecutive weeks of fuel price increases worldwide, it seems that consumers will now see a price drop. This is because of the open support of the United Arab Emirates (UAE) on increasing fuel production. In fact, after this statement released by the OPEC (Organization of the Petroleum Exporting Countries) member, international benchmark Brent Crude […]
There has been a lot of fuss lately about fuel costs, with many saying we are en route to Php 100/liter. This is terrifying news as it is also projected to drive up costs for goods and services since all of these require some sort of logistics. Just last week we had a significant increase […]
Fuel prices have been increasing for the 10th consecutive week now and they are expected to increase even further in the upcoming weeks. At the rate fuel prices are increasing, you might be wondering if prices are still reasonable. From the effects of the Russia-Ukraine war, global gas shortage, and the Philippine oil deregulation law: […]
It seems that the increase on fuel prices will not be stopping any time soon. Unioil Petroleum Philippines has said on Saturday that oil companies are going to raise prices again starting next week. In its report, Unioil has estimated that diesel price may go up by P5.40 to P5.50 per liter and gasoline price may […]
After Putin ordered to invade Ukraine, gas prices have been increasing non-stop in the Philippines. To ensure nobody is taking advantage of the situation, the Department of Energy (DOE) has requested motorists to report gas stations with unreasonable prices. In Metro Manila, gasoline currently costs P60 to P83 per liter while diesel costs P52 to […]
There are a million reasons why anti-oil advocates hold very strongly to their opinion. Some of these are due to environmental impact, others are concerned about the finite and decreasing supply of oil in the world, others just seek to progress the inevitable progression of technology, so on and so forth. However, there seems to […]