Multiple factors contribute to the continuous up and down cycle of oil prices in the Philippines experienced in the first half of 2019.…
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…
In these days of almost weekly oil price increases, consumers would seize any opportunity to have a lifetime supply of free gas—if only they knew how.…
Manila-based multilateral lender Asian Development Bank (ADB) has expressed support for the government’s plan to hike excise taxes on oil products and vehicles that Finance Secretary Carlos G. Dominguez III had said would not hurt the auto…
As prices of oil products as well as vehicles will increase under the proposed first package of the Duterte’s administration comprehensive tax reform program, inflation is seen to rise 3 percent or within the government’s target next…
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…
With the streets of the metro once again turning into one big virtual swimming pool because of the weather, your car is your best friend to keep you safe and dry on the road. Wouldn’t it be…
THE DUTERTE administration is bent on raising the excise tax on petroleum products and is now drafting a targeted subsidy scheme similar to the existing conditional cash transfer (CCT) program for poor households to be affected. Finance…
THE DEPARTMENT of Finance (DOF) is pushing to raise the excise tax slapped on oil products as this has remained low and unadjusted to inflation since it was put in place almost two decades ago. Separately, a…
SINGAPORE, Singapore—Oil tumbled in Asia Friday, bucking an equities rally as worries over a supply glut and weak demand returned, with some analysts forecasting crude prices could fall to $40 a barrel. Prices had recovered from two-month…
