fuel price hikes

Fuel prices up, wipe out weeks of rollbacks

Oil firms imposed huge fuel price hikes this week, virtually wiping out 11 straight weeks of rollbacks, as international fuel prices bounced back. Petron, Shell and Seaoil increased product prices by P1.75 per liter for gasoline, P1.95…

Oil prices are being cut anew due to supply glut

Oil firms are rolling back prices for the 10th straight week, at least for gasoline, amid a lingering supply glut and slower demand from gas-guzzling economies such as China. Petron, Shell, and Seaoil said in separate advisories…

Oil firms hope for ‘stable’ price movements

INCLUDING the past weeks’ price cuts, oil firms have ticked off 17 oil price reductions and 14 hikes this year since January. But no matter, industry sources say, at least the price drops are no longer as drastic…

Gas down, diesel up in price moves

Oil firms have imposed mixed price adjustments amid volatile movement in the international market. Petron, Shell and Seaoil adjusted prices at 12:01 a.m. Tuesday, trimming gasoline prices by 25 centavos per liter and raising diesel prices by…

PTT rolls back diesel, hikes gas prices Tuesday

Expect a mix of rollbacks and increases in pump prices this week as an anticipated oil price rally failed to materialize. PTT Philippines said it will implement a 50-centavo rollback on diesel prices per liter and an…

Gasoline, diesel prices hiked Tuesday

MANILA, Philippines–Oil firms are raising pump prices this week amid continued buying in the regional market. Petron, Shell, Chevron, Seaoil, Total, Eastern Petroleum, PTT Philippines, Flying V and Phoenix Petroleum are set to hike prices by 70…

Wasteful wolf in thrifty sheep’s clothing amid fuel price hikes

THE DREAM may be coming to an end. What began some months ago as successive drops in the price of all types of fuel, brought about by an oversupply of oil in the global market, seem to…