IMF warns fuel tax cuts favor upper-income households
Any suspension of excise taxes on gasoline and diesel would only benefit upper-income households, despite the waiver of such taxes on liquefied petroleum gas…
· 2 MIN READ
Topic
petroleum
Latest Daily Tribune news and analysis on petroleum.
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
‘Paihi’ scheme dismantled
Police arrested six individuals in Navotas and Manila for alleged illegal petroleum trading and fraudulent document production, with authorities confiscating…
· 2 MIN READ
Cheaper freight pulls LPG prices lower
Filipino households will see lower LPG prices this September as cheaper freight costs offset higher international contract prices. The Department of Energy…
· 2 MIN READ
DOE pares LPG stocks as costs mount
· 2 MIN READ
Unioil debuts first Aramco station in Sucat
Unioil Petroleum Philippines has opened the country’s first Aramco-branded fuel station in Sucat, Parañaque, marking the start of a nationwide rollout…
· 2 MIN READ
Oil price drop ends kerosene, LPG tax relief
The Bureau of Internal Revenue said excise tax rates on kerosene and LPG automatically reverted to those prescribed under the National Internal Revenue Code,…
· 2 MIN READ
Oil price drop ends kerosene, LPG tax relief
The Philippines has restored excise taxes on kerosene and LPG after global Dubai crude prices fell below the $80-per-barrel trigger, ending the temporary tax…
· 1 MIN READ
Tank farm a buffer, not the solution
Maharlika’s fuel tank farm buys the country time while energy transition — the one that would materially reduce the country’s 97-percent crude import…
· 3 MIN READ
CIDG crackdown nets P1.4 million smuggled gasoline
Authorities seized approximately P1.4 million worth of illegal petroleum products and arrested four suspects during a raid in Zamboanga City. The operation…
· 1 MIN READ
HPG uncovers illegal petrol hub
The PNP Highway Patrol Group arrested six suspects in Caloocan City and seized nearly P8.9 million worth of illegally stored petroleum products, including…
· 1 MIN READ
Solon eyes energy funds for petroleum storage bunkers
House Minority Leader Marcelino Libanan proposes using Malampaya royalties to fund strategic fuel storage facilities, aiming to strengthen the Philippines’…
· 1 MIN READ
Fuel prices seen to ease, not drop immediately despite ceasefire — expert
Fuel prices in the Philippines may ease but not drop immediately despite a Middle East ceasefire, as experts cite geopolitical risks and slow recovery of oil…
· 2 MIN READ
PNP-HPG intercepts petroleum products
The PNP-Highway Patrol Group (PNP-HPG) intercepted an estimated ₱9 million worth of petroleum products in an operation earlier today, 07 April 2026. Nine…
· 1 MIN READ
Iloilo City assures stable fuel, LPG supply for April
Iloilo City assures residents of stable fuel and LPG supply for April, with officials urging the public to avoid panic buying amid energy concerns.
· 1 MIN READ
PNP tightens watch on LPG retailers amid supply concerns
PNP chief vows stricter monitoring of LPG retailers to prevent hoarding and price manipulation as supply tightens, with only 24 days of stock left.
· 2 MIN READ
