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NEW YORK — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the…
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If there’s the saying, “money comes and goes,” then we could also say, “prices go up and down.” It’s another way of saying all things–good or bad–will pass. That’s why the latest round of fuel price rollbacks…
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SEAOIL Philippines, Inc. said a one-day-only promo will allow its customers to get a P5 discount for every liter of diesel or gasoline fill-up at Seaoil service stations in Del Monte, Quezon City; G. Araneta Avenue, Quezon…
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Phoenix Petroleum Philippines Inc. is issuing P2 billion worth of preferred shares to raise funds for its expenses and operational needs. Phoenix yesterday said its board had approved the subscription of 2 million preferred shares by…
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CLARK – Amid declining global prices, the government is reviewing the temporary suspension of the scheduled hike in oil excise taxes early next year even as it was already green-lighted by President Rodrigo Duterte, Finance Secretary Carlos…
Given today’s driving conditions—traffic congestion, limited parking spaces, and steadily increasing fuel prices—it’s no stretch to say that many drivers would say “small is beautiful.”…
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The government’s target to bring in “cheaper,” imported diesel by the end of the month will not be met, according to Energy Secretary Alfonso Cusi. Even then, Cusi said in an interview there were at least two…
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Senator Bam Aquino urged his colleagues on Monday to review the Tax Reform for Acceleration and Inclusion (Train) Law amid the country’s inflation rate shooting up to 4.3 percent in March that had Filipinos dealing with rocketing…
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Oil firms on Monday raised pump rates after two weeks of price cuts as producers regained their bullish sentiments, pushing up global prices. Starting 6 a.m., prices of diesel went up by 85 centavos per liter while…
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The fuel marking system to be implemented early next year as part of the first tax reform package will generate P20 billion in additional revenues for the government and combat oil smuggling, Department of Finance officials said.…
