ANOTHER ROLLBACK

Jose Santino S. Bunachita and Futch Anthony Inso 12/03/2018

Palace supportive of recommendation to proceed with second round of excise tax on oil amid drop in fuel prices; Not so fast, warns Cebu Business Club Prices of fuel have gone down in eight straight weeks. Based…

Gatchalian urges Duterte to continue suspension of 2nd tranche of oil tax hike

Inquirer.net 12/01/2018

SEN. Sherwin Gatchalian wants President Rodrigo Duterte to continue with the suspension of the second tranche of the excise tax on petroleum products despite the advice of his economic managers. “I urge President Duterte to still push…

Palace releases PH-China MOU on oil and gas devt

Inquirer.net 11/26/2018

THE MOU states that “in accordance with the principles of mutual respect, fairness and mutual benefit, flexibility and pragmatism and consensus, through equal and friendly consultation, the two governments have decided to negotiate on an accelerated basis…

PH, China ink MOU on oil, gas dev’t, 28 other deals

Inquirer.net 11/20/2018

The Philippines and China on Tuesday signed a memorandum of understanding (MOU) for oil and gas development cooperation. But the location of the oil and gas development was not immediately disclosed. President Rodrigo Duterte and Chines President…

LIST: Oil firms with fuel price rollbacks starting Tuesday

Inquirer.net 11/12/2018

Filipino motorists will surely rejoice this week as the prices of gasoline and diesel will be rolled back starting Tuesday. Among the oil firms that will be slashing their pump prices this week on gasoline and oil…

Duterte eyes suspension of excise taxes on oil

Inquirer.net 10/09/2018

President Rodrigo Duterte on Tuesday said his administration was eyeing the suspension of excise taxes on oil amid the record-high inflation in the country. “Maybe,” Duterte said when asked for his comment, adding that Finance Secretary Carlos…

Ordinary folks bear brunt of latest oil price increase

Jose Santino S. Bunachita 10/02/2018

Jeepney drivers, eateries and households — these are just some of the most affected sectors with the continued increase in oil prices. On its eighth straight week, oil companies have increased prices for diesel, gasoline, kerosene, and…

Poe alarmed over rising oil prices

Inquirer.net 10/02/2018

Senator Grace Poe has expressed alarm over the continuous increase in the price of oil in the market, as she urged the government to fully implement relief measures for consumers and act against possible abuses of petroleum…

South Korea to generate power with bio-heavy oil

Asia News Network, Inquirer.net 09/10/2018

SEOUL — South Korea’s Trade Ministry announced legislation approving the use of bio-heavy oil made with animal fat to produce electricity here, in a move toward the Moon Jae-in administration’s goal to boost the use of clean…

Rising oil costs to get big slice of Asia Pacific airlines’ profits

Inquirer.net 06/12/2018

AIRLINES in the Asia Pacific will likely see lower profits in 2018, joining most other airlines in the world, due to accelerating costs, according to the International Air Transport Association (IATA). IATA, the trade group of the…

Protest against Alegria oil, gas exploration

Jessa Mae O. Sotto 05/20/2018

Environmental groups are planning to file for a legal action to the national agencies for allowing oil and gas exploration in Alegria town. Columnist and Lawyer Gloria Estenzo – Ramos, vice president of Oceana Philippines, said the…

Use oil, gas revenue to fuel town’s growth, Duterte tells officials

Marc Eric Cosep 05/19/2018

President President Rodrigo Duterte called on officials of Alegria town in southern Cebu to plan the municipality’s development amid the imminent launching of oil and gas production in one of their barangays. Clad in dark polo shirt…

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