Oil firms jack up pump prices a day after polls
By Riza T. Olchondra
Oil companies raised prices effective 6 a.m. Tuesday, a day after the conduct of midterm elections, “to reflect price movements” in the international market.
Oil companies raised prices effective 6 a.m. Tuesday, a day after the conduct of midterm elections, “to reflect price movements” in the international market.
Local oil companies are implementing new price adjustments on Tuesday to reflect movements of prices in the international market.
Internal Revenue Commissioner Kim Henares has warned gasoline retailers buying smuggled petroleum products they will bear the brunt of a government investigation.
Malacañang is standing by Customs Commissioner Rozzano “Ruffy” Biazon despite the massive smuggling of petroleum products into the country that industry leaders claim is costing the government at least P30 billion in forgone revenue annually.
Phoenix Petroleum Philippines Inc. defended itself from allegations of oil smuggling on Wednesday, saying that the Department of Justice has dismissed smuggling charges filed against the company under the Bureau of Customs’s Run After the Smugglers (RATS) campaign.
Local oil companies slashed the prices of their petroleum products effective Sunday to reflect the continued softening of oil prices in the international market.
Local oil companies are slashing prices of petroleum products effective Monday (Feb. 25) to reflect the softening of oil prices in the global market.
Local oil companies have raised again the pump prices of their petroleum products to reflect the continued uptrend in the prices of oil in the international market.
Petron Corp. and independent player Seaoil Philippines are hiking the prices of kerosene by 40 centavos a liter and of diesel by 25 centavos a liter effective Tuesday.
Local oil companies have slashed prices of petroleum products to reflect the downtrend in prices in the global oil market.
Oil firms are adjusting prices for various fuel products to reflect trends in the international oil market, according to company officials.
The Department of Justice (DoJ) dismissed the smuggling case against a leading independent oil industry Phoenix Petroleum Philippines Inc.
