PSEi hits lowest close since November
The PSEi fell 1.12% to 5,730.02 for its fifth straight losing session, while the peso weakened to P62.73 against the US dollar as weaker growth prospects,…
· 2 MIN READ
Topic
Oil
Oil and petroleum news — global prices, local pump rates, and energy-market developments affecting transport and households.
Palace hopes fare hike will be ‘last resort’ amid fuel price surge
Malacañang says fare increases should remain a last resort as the government continues fuel discounts, toll exemptions and targeted subsidies for drivers and…
· 2 MIN READ
Diesel floor nears P100/L after P8.82 hike
Diesel Prices Near P100/L Following P8.82 Per Liter Price Hike
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Price-taker’s curse: Distant shocks and Filipino wallets
Like Tatooine at the Outer Rim, small economies such as the Philippines may seem far from the center of power, but they still get pulled into the consequences…
· 3 MIN READ
Diesel faces P10.50 shock as supply routes reel
Diesel prices in the Philippines could rise by up to P10.50 per liter next week, while gasoline may increase by as much as P5, as attacks on key global oil…
· 2 MIN READ
Oil price breach opens door to excise tax relief
The DoE has triggered the process for possible petroleum excise tax relief after Dubai crude averaged $99.41 per barrel, above the $80 legal threshold.
· 2 MIN READ
Oil supply risks drive P5.68 fuel hike
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DoF awaits DoE nod for fuel tax suspension
‘The Secretary is just waiting for the certification from the Department of Energy that the price of Dubai Crude Oil has exceeded the threshold.’
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DOF awaits DOE nod for fuel tax suspension
The Department of Finance (DOF) said it is awaiting certification from the Department of Energy (DOE) that Dubai crude prices have breached the $80-per-barrel…
· 2 MIN READ
Likely oil slicks in Strait of Hormuz after tanker strikes
Two of the detected tracks start exactly where the tankers Riesco and Kylo transmitted their last signals before being sunk.
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Iran, U.S. trade blows as Hormuz impasse deepens
The Guards said Wednesday they pummeled a US military base in Jordan.
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Stocks pull back as oil prices surge
The retreat came amid renewed concern over surging global oil prices and their impact on inflation, particularly after Brent crude broke above $100 a barrel as…
· 2 MIN READ
Da seeks P300M to boost palm oil production
The Department of Agriculture seeks at least P300 million in 2027 to expand the Philippine palm oil industry, reduce import dependence and boost domestic…
· 1 MIN READ
U.S. says it destroyed five Iran oil tankers
Iran said it would target tankers off US allies Kuwait and Bahrain in response to Tuesday’s US strikes.
· 2 MIN READ
DA seeks P300M to boost palm oil production
The DA is seeking P300 million in 2027 to expand palm oil production and reduce the Philippines’ dependence on imports.
· 1 MIN READ
ASEAN weighs regional oil stockpile amid supply risks
ASEAN is studying a proposed regional oil stockpiling initiative to strengthen energy security, with five member states expressing interest in creating…
· 2 MIN READ
Diesel jumps P5.18/L in fresh fuel price blow
Diesel prices in the Philippines will jump by P5.18 per liter on Tuesday, with gasoline and kerosene also seeing sharp increases as Middle East tensions and a…
· 2 MIN READ