Friday, May 1, 2026
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Tag: Petroleum

ASEAN ministers urge faster ratification of energy security pact amid Middle East crisis

Southeast Asian energy ministers haved called for the rapid ratification of a regional petroleum security pact to protect against potential oil and gas supply...

Marcos: Ample oil supply assured while looking for other sources

President Ferdinand Marcos Jr. on Thursday said the government is exploring alternative sources of oil and petroleum products to ensure sufficient supply while managing...

Suspension of excise taxes on petroleum products

THE proposal to grant President Marcos Jr. authority to suspend excise taxes on petroleum products underscores the need to balance fiscal stability with consumer...

Higher LPG Prices

Liquid Petroleum Gas (LPG) prices were up by 40 pesos in this shop, raising the retail price to P1,060.00 for pick up and P1,085...

DOE grants new perks for petroleum firms

The Department of Energy (DOE) has released a circular on special allowances for petroleum service contractors. The goal is to attract more investments to...

Aramco gets PCC nod to buy 25% of Unioil

The Philippine Competition Commission (PCC) said Tuesday it approved the proposed acquisition by Aramco Asia Singapore Pte. Ltd. (Aramco) of a 25-percent stake each...

Big-time oil price rollback next week: DOE

Consumers can expect a big-time oil price rollback across all petroleum products next week of as much as P1.35 per liter to reflect the...

Pump prices up by P0.70/l today—DOE

Domestic pump prices would go up by as much as P0.70 per liter effective 6am Tuesday, September 3, 2024, to reflect the movement of...

Fuel prices up next week

Consumers can expect an oil price hike of as much as P0.55 per liter next week due to Middle East tensions and global economic...

Nine companies applying for new petroleum areas

Nine companies, including six international and three local exploration firms, submitted applications for petroleum service contracts under the first Bangsamoro Autonomous Region in Muslim...

Pump prices down by as much as P2.20/liter next week

Consumers can expect a big-time price rollback of as much as P2.20 per liter next week to reflect the movement of oil prices in...

Petrolift acquires 51,000-barrel petroleum tanker

Petrolift, a member of the Leonio Group of companies, unveiled the M/T Petro Elise, a 51,000-barrel petroleum tanker considered one of the largest, internationally...

2 energy companies pursue oil, gas exploration in Palawan

The Department of Energy (DOE) said Tuesday two companies completed the 3D seismic surveys in Palawan in line with the government’s efforts to boost...

Reducing dependence on oil

Good news indeed. President Ferdinand Marcos Jr. has signed the renewal agreement for the Malampaya Service Contract No. 38, or plain SC 38, that would...
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