Palace assures review of any joint oil exploration with China

MANILA — Malacañang on Tuesday assured that any joint oil exploration between the Philippines and China will undergo ‘judicial scrutiny’ before it is signed by the two countries. Presidential Spokesperson Salvador…

Suspend oil excise tax to tame inflation: PCCI

MANILA — The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, on Thursday called for the suspension of excise tax on petroleum products amid the surge in…

Oil price rollback set Tuesday

MANILA — Pump prices in the country will go down a little bit more on Independence Day as world petroleum prices continue to take a direction favorable to consumers. In seperate…

La Trinidad to ban oil dumping in drainage, sewerage system

LA TRINIDAD, Benguet — This capital town is set to prohibit establishments engaged in serving food from dumping cooking oil residues or extracts in drainage canals and sewerage system. The proposed…

Oil firms reduce pump prices Tuesday

  MANILA — Oil companies on Monday said they would implement a pump price rollback of PHP0.85 to PHP1.30 effective 6 a.m. Tuesday, Feb. 13. The price reduction reflects movements in…

PH holds USD26.3-T untapped oil deposits

MANILA — The Philippines is virtually “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at USD26.3 trillion, mostly found in the disputed Spratly chain of islands, more than…

Fuel pump prices to go up Tuesday

  MANILA — Petroleum firms on Monday announced that pump prices of gasoline go up by 80 centavos per liter, diesel by 55 centavos and kerosene by 55-centavos on Tuesday. Pilipinas…

Pump prices up Tuesday

MANILA – Local oil firms are set to raise prices as early as 6a.m. Tuesday (August 1, 2017). As of this posting Monday, companies that gave notice of price hikes…