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Petron ’13 income surges on PH, Malaysia sales


Petron Corp. nearly tripled its net income in 2013 on the back of its sales performance in Malaysia.

Posted: March 25th, 2014 in Headlines | Read More »

DOE exerts IPO pressure on Pilipinas Shell


Pilipinas Shell Petroleum Corp. still has not come up with a decision on plans to list on the Philippine Stock Exchange, and the Department of Energy (DOE) is now but a few steps shy of taking legal action.

Posted: February 20th, 2014 in Latest Business Stories | Read More »

Shell, Eastern Petroleum raise pump prices at 6 a.m. Tuesday


Local oil companies have hiked prices of fuel products starting Tuesday, to reflect the increases in oil prices abroad.

Posted: February 4th, 2014 in Latest Business Stories | Read More »

Oil prices rise for first time in 2014


Oil firms announced their first price hike for the year as fuel demand recovered following three straight weeks of decline.

Posted: January 28th, 2014 in Latest Business Stories | Read More »

Higher gas, diesel prices seen this week


Gasoline and diesel prices are expected to rise this week after three straight weeks of price rollbacks since the start of the year as demand seems to have finally caught up with supply, according to oil industry sources.

Posted: January 28th, 2014 in Latest Business Stories | Read More »

Oil firms cut diesel, kerosene prices

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The first oil price adjustment for 2014 rolled back diesel and kerosene prices, reflecting the impact of crude stockpiles in the international market.

Posted: January 6th, 2014 in Latest Business Stories | Read More »

Diesel prices seen to go down


Diesel prices are expected to go down by around 40 or 50 centavos this week but gasoline prices may go up by a commensurate amount, oil industry executives said.

Posted: December 15th, 2013 in Latest Business Stories | Read More »

OPEC to sit tight over oil output on supply strains

In this Nov. 27, 2008 file photo, a worker is seen at a Sinopec oil refinery in Wuhan, in central China's Hubei province. AP

OPEC is set to stick to its oil output limit at a meeting here on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.

Posted: December 4th, 2013 in Latest Business Stories | Read More »

Fuel prices going down


Oil firms will cut their pump prices this week amid the downtrend in the international market.

Posted: November 10th, 2013 in Latest Business Stories | Read More »

Fuel price cuts to make road trips more fun


Motorists are in for a cheerful ride during the long weekend as the oil companies have slashed pump prices nationwide, including in disaster-torn Cebu and Bohol.

Posted: October 27th, 2013 in Latest Business Stories | Read More »

Fuel prices rise on fears over Syria


Oil firms raised pump prices for gasoline, diesel and kerosene Tuesday as market jitters drove up fuel prices across the globe. Petron, the No. 1 oil player in the country, attributed the international movements to concerns over “ongoing geopolitical tensions in the Middle East, particularly Syria.”

Posted: September 4th, 2013 in Latest Business Stories | Read More »

Fuel pump prices seen to rise further but at slower pace


Fuel prices are expected to continue rising this week although at a slower pace given the substantial increases recently, industry sources said.

Posted: July 22nd, 2013 in Latest Business Stories | Read More »



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