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Petron raises $120M for upgrade of Bataan oil refinery

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INQUIRER.net FILE PHOTO

The country’s largest oil refiner and distributor Petron Corp. has raised $120 million from the capital market to complete its Bataan oil refinery upgrade program.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

Petron ’13 income surges on PH, Malaysia sales

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INQUIRER.net FILE PHOTO

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 »

Oil prices rise for first time in 2014

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AP FILE PHOTO

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 »

Oil firms cut diesel, kerosene prices

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INQUIRER FILE PHOTO

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 »

LPG prices rise due to tight supply; gasoline, diesel price hikes seen

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INQUIRER file photo

Retail prices of liquefied petroleum gas (LPG) grew to as much as P14.30 per kilogram starting on Monday, amid long lines at distribution hubs in Batangas. Tight supply would also lead to price hikes for gasoline and diesel.

Posted: December 2nd, 2013 in Latest Business Stories | Read More »

Petron income revs up to P4.4B

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Petron Corp.’s consolidated net income from its Philippine and Malaysian operations grew nearly seven times to P4.4 billion in the first nine months of 2013.

Posted: November 4th, 2013 in Headlines | Read More »

Fuel prices down greets long weekend

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AFP FILE PHOTO

Motorists going on a road trip for the long weekend are in for a cheerful ride as oil firms slashed pump prices nationwide, including disaster-stricken Cebu and Bohol.

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

Petron net surges by 501%

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Petron Corp. posted P1.1 billion in net profit for the first half of 2013, up by 501 percent from P183 million in the same period in 2012.

Posted: August 6th, 2013 in Headlines | Read More »

Petron launches Euro 4-compliant gas

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Petron Corp. recently launched the country’s first Euro 4 compliant premium gasoline, the Petron Blaze 100 Euro 4.

Posted: June 13th, 2013 in Headlines | Read More »

Oil firms hike gasoline, cut kerosene prices

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AFP PHOTO

Oil firms are raising gasoline prices and tempering kerosene prices on Wednesday (June 12), amid similar price movements globally. Diesel prices will be unchanged.

Posted: June 11th, 2013 in Latest Business Stories | Read More »

Petron net profit down 12% despite 50% jump in revenues

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Petron Corp., the country’s biggest oil refiner and retailer, posted a 12-percent decline in its consolidated net income to P2.2 billion in the first quarter this year from P2.5 billion a year ago due mainly to lower margins.

Posted: May 6th, 2013 in Headlines | Read More »

Oil firms hike diesel prices, slash gas pump prices Tuesday

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INQUIRER FILE PHOTO

Local oil companies are implementing new price adjustments on Tuesday to reflect movements of prices in the international market.

Posted: April 9th, 2013 in Latest Business Stories | Read More »

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