Energy Sec. Alfonso Cusi is looking at oil prices rolling back in the coming months as global oil prices gradually normalize. In a televised interview on Wednesday morning, Cusi said that oil...
The government has threatened oil companies of charges due to alleged unreasonable adjustments of oil prices in the last few weeks, after the attacks on Saudi Arabia’s oil facilities. Energy Assistant Secretary...
As much as P3.50 per liter price rollback will be implemented by some oil companies this week due to a huge decrease in global oil prices. The expected decrease ranges from P2.50...
Cost increases in gasoline products in the world market resulted in an anticipated price hikes for petroleum products in the country by as much as P1.50 to P1.65 per liter this week....
Laban Konsyumer Inc. (LKI) submitted its complaint with the Department of Finance (DOF) regarding the “overcharging gaps” allegedly done by oil companies in implementing the pass-on of value added taxes (VAT) as...
Oil firms will increase their oil prices due to a movement in prices in the world market. This comes before the second tranche of excise tax on oil under the Tax Reform...
The reselling of Euro 2 diesel fuels will not curb the rising oil prices. This according to the Independent Philippine Petroleum Companies Association (IPPCA) after the Department of Energy (DOE) ordered oil...
Amid global oil price hikes and the tightening of monetary policies, economists are saying that the economic growth of the Philippines will keep slowing down. Chief Economist of IHS Markit Asia Pacific...
Oil companies implemented price hikes on Tuesday following the recent Organization of Petroleum Exporting Countries (OPEC) deal, and higher US crude demand in the international market. The Department of Energy said that the...
