Eastern Petroleum Corp. has teamed up with Russian commercial vehicle maker Gaz Group, which would supply its Gazelle Next buses in answer to the government’s public utility vehicles modernization program. Based in Nizhny Novgorod City, Gaz is…
SEAOIL, the country’s largest independent fuel player, has launched the first raffle promo of its kind in the Philippines that will be giving four lucky motorists their lifetime supply of SEAOIL fuels. “We have always stood by…
MANILA — The fuel marking system eyed for implementation starting early 2018, will allow the government to collect additional revenues of up to P43.8 billion lost to smuggling each year, according to the Department of Finance. In…
Pump prices of petroleum products went up today (Tuesday) after three straight weeks of decline as the global glut was deemed to have been easing. Local oil firms raised prices as early as midnight of Tuesday, with…
Market leader Petron Corporation will be highlighting its performance fuel at the Manila International Auto Show on March 30-April 2, 2017 at the World Trade Center. In line with the MIAS 2017 theme of Beyond Performance, Petron…
Petron Corp. saw its full-year net income surge 73 percent to P10.8 billion in 2016 on record-high sales volume. The homegrown oil refiner, which is also present in Malaysia, said in a statement that its performance last…
MANILA — Petron Corp., the country’s largest oil firm, wants to build a new refinery with the help of a foreign partner to meet the growing domestic demand for finished petroleum products, according to its chief Ramon…
TO MAKE the best possible fuel, you have to look at how the engine works from the inside out. And the California-based engineers from Chevron claim they know the workings of modern internal combustion engines better than…
The Department of Energy (DOE) has asked oil players in Mindanao to explain the unusually huge reduction in their gasoline prices, warning this may eventually qualify them for “anticompetitive behavior.” The DOE was referring to the move…
THE PHILIPPINE Stock Exchange has approved a plan by the local unit of century-old Royal Dutch Shell to sell as much as P29.7 billion worth of shares via an initial public offering in October. The initial public…
