BIR suspends excise taxes on LPG and kerosene amid high crude oil prices
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
Search
Tip: add a year in your query (e.g. Eala 2022) or use the year filter.
30,575 results for “crude oil market update”
Heart Mate tops canola oil market
Heart Mate reaffirmed its position as the Philippines’ No. 1 canola oil brand, citing a 2026 IQVIA study showing it is the most prescribed canola oil by…
Diesel seen surging as conflict rattles oil markets anew
Diesel prices may climb P2 to P4 per liter next week amid tightening global supply, Russian export risks, and fresh Middle East tensions after US-Iran strikes…
Diesel surges anew as conflict rattles oil markets
Diesel prices in the Philippines are set for another sharp hike next week as Middle East tensions, Strait of Hormuz risks and tighter global fuel supplies…
Global oil markets stabilize as fuel spike ebbs — DoE
‘The industry is starting to stabilize, and I think it’s now just a matter of adjustment until we get back to pre-war price levels, but it won’t happen in a…
DOE: Worst of oil price spike over as global markets stabilize
The Department of Energy says the worst of the oil price spike is over as global markets stabilize, with gasoline, diesel and kerosene prices set for mixed…
Pump prices seen retreating as oil market sheds war premium
Fuel prices are expected to drop significantly next week, with diesel potentially falling by up to P9.50 per liter and gasoline by as much as P5 per liter as…
Pump prices set to retreat as oil market sheds war premium
Fuel prices in the Philippines are set to fall sharply as global oil markets shed their war premium. Discover how lower crude prices, improved diesel and…
Markets rally, oil plunges on US-Iran ceasefire hopes
Global markets surge and oil prices plunge after US-Iran ceasefire, but analysts warn gains may be short-lived amid ongoing geopolitical risks.
Oil update
Unfortunately, the need to shore up dwindling crude oil supplies and contend with the intense demand that’s driving up current prices is compounded by another…
Petron secures Russian crude to shield fuel supply until June
Petron Corp. procures 2.48 million barrels of Russian crude amid Middle East supply disruptions, ensuring Philippine petroleum inventories under the national…
Pag-IBIG keeps 3% housing rate despite oil market volatility
Pag-IBIG Fund is keeping its 3% annual interest rate for socialized housing loans under the Expanded Pambansang Pabahay para sa Pilipino Program, despite…
Philippines oil refinery secures 2.5 million barrels of Russian crude
The Philippines turns to Russian crude as Petron secures 2.5 million barrels to prevent fuel shortages amid soaring oil prices and global supply disruptions.
PNP boosts market patrols vs hoarding, profiteering amid oil price fears
The Philippine National Police intensifies market patrols to combat hoarding and profiteering amid rising oil prices due to Middle East tensions. Learn how…
Oil producers seen raising crude output
Experts had initially expected a production hike of 137,000 bpd from November, which would mirror the October increase.
