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Tag: Rino Abad

DOE says gov’t has ‘limited authority’ to regulate fuel prices

The government has had limited authority to regulate fuel prices since the passage of the Oil Deregulation Law of 1998, a Department of Energy...

Even higher oil price hikes likely

As the conflict in the Middle East entered its second week with no signs of letup, an official of the Department of Energy said...

As war drums beat, oil prices jump anew

The Department of Energy said oil prices could shoot up if Iran’s oil production is disrupted amid escalating tensions in the Middle East. This as...

New price cuts on oil products loom next week

Motorists can expect another rollback in pump prices in the coming week, Oil Industry Management Bureau Director Rino Abad confirmed Friday. Abad said there is...

Oil price rollback less than P1/liter likely next week

Pump prices of petroleum products are expected to roll back next week, oil industry sources told the Standard on Friday. Citing oil trading results from...

Government urged to handle highs, lows: Diesel prices seen going up by P2.70

Oil companies are set to implement another round of fuel price increases next week, industry observers said. A GMA News Online report, citing an industry...

No respite from oil price hikes

DOE warns of heavy impact of OPEC production cuts by next month Consumers can expect pump prices to continue rising as a result of the...

DOE, oil firms forecast a bit bigger price rollback

Motorists can expect another round of oil price rollback of as much as P1.93 per liter for kerosene next week – a little higher...

DOE sees P2.87/l price rollback for gas, P1.82/l for diesel, P1.80/l for kerosene

Oil firms are expected to slash pump prices by almost P3 per liter for gasoline, the Department of Energy said. DOE-Oil Industry Management Bureau Director...

Fuel price hikes forecast next week as US pump consumption picks up

The Department of Energy (DOE) projected a possible oil price hike next week of as much as P2 per liter for diesel due to...

Shell seeks more time to develop LNG project

Shell Energy Philippines Inc. is seeking a 20-month extension of the notice to proceed on its planned floating storage and re-gasification unit terminal in...

Price rollback for kerosene, diesel but gas seen steady

After almost a month of consecutive pump price increases, Filipinos can expect rollbacks of as much as P3 per liter for diesel next week. “...

Board meets to tackle higher biodiesel blend of 5% from 2%

The National Biofuels Board will meet on Feb. 18 to discuss calls for an increase in the biodiesel blend from 2-percent coco methyl ester...

Higher oil prices seen trending until yearend

The Department of Energy (DOE) warned Tuesday the high oil prices will likely continue until the end of the year amid tight global supply...
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