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…
The government proposal to impose excise taxes on fuel could lead to price increases that would burden poor Filipinos, two senators said on Sunday. Sen. Sonny Angara, chair of the Senate ways and means committee, said the…
MANILA –Oil firms have announced they will trim prices of fuel products this week as international prices have declined on lower demand. According to its advisory on Monday, Petron will implement a rollback in prices from 12:01…
LOCAL oil firms lowered pump prices as international lobbying for price-boosting measures such as production cuts among oil exporting countries failed to gain traction. Petron and Shell cut the prices of gasoline by P1.40 per liter, diesel…
The minimum jeepney fare goes down to P7 from P7.50 starting tomorrow (Friday), the Land Transportation Franchising and Regulatory Board (LTFRB) said Wednesday, as four public transport groups filed a petition for a voluntary fare rollback. The…
DALLAS, United States — Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That,…
OIL FIRMS have cut diesel and kerosene prices as weakness lingered in international oil trading last week. No adjustments were made for gasoline. Petron and Seaoil trimmed 50 centavos off liter prices for diesel and 70 centavos…
SINGAPORE—Oil prices resumed their decline in Asia Wednesday, with global crude oversupply continuing to dampen investors’ sentiment despite occasional rallies. Prices had risen the previous day after a four-day losing streak, as traders weighed a bearish price…
LOCAL oil companies reduced fuel prices this week on lingering oversupply in the international market. Petron, Shell, Seaoil and other firms shall have reduced gasoline prices by 55 centavos per liter, diesel by 60 centavos per liter…
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…