Economy

Risk of allowing DOE to meddle in fuel import business cited

Date Published (mm/dd/yyyy): 
08/14/2018

It’s not a good idea – economist

A Cebu-based economist has warned the government about the risk of allowing a government agency to meddle in the business of importing fuel as a solution to mitigate the impact of the country’s high inflation rate.

It will be prone to corruption, according to Cebuano economist and Cebu Daily News columnist Fernando “Perry” Fajardo.

Euro 2 diesel to go back on sale as measure to keep inflation in check

Date Published (mm/dd/yyyy): 
08/14/2018

THE Department of Energy (DoE) has directed to oil companies to start selling diesel compliant with the Euro 2 standard, a step backward from previous moves to shift to the newer Euro 4, as an inflation-control measure.

In a press conference on Tuesday, Energy Undersecretary Felix Wiliam B. Fuentebella said the rising prices of commodities prompted the DoE’s order.

“We have a bigger problem to address… inflation,” he said.

Increasing Philippine demand straining power supply

Date Published (mm/dd/yyyy): 
08/14/2018

The Build, Build, Build program is stretching the energy supply in the Philippines unless the government steps up efforts to fill in what could be a looming gap in the near horizon.

Renewable energy developers have expressed interest to step in and address the increase in power demand, but industry officials said the grid could not afford too much intermittent supply.

PANIBAGONG OIL PRICE HIKE NAKAAMBA NGAYONG LINGGO

Date Published (mm/dd/yyyy): 
08/13/2018

Nagbabadya na naman ang price increase sa mga produktong petrolyo, ngayong linggo.

Ayon sa mga source mula sa Department of Energy o DOE, maglalaro sa dalawampu (P0.20) hanggang tatlumpung sentimos (P0.30) ang dagdag presyo sa kada litro ng diesel.

Lima (P0.05) hanggang sampung sentimos (P0.10) sa gasolina habang limang sentimos (P0.05) o posibleng hindi gumalaw ang presyo ng kerosene o gaas.

Phoenix leads pump price hike

Date Published (mm/dd/yyyy): 
08/14/2018

The country’s oil firms are increasing domestic pump prices by P0.25 per liter for diesel and P0.15 per liter for gasoline effective Tuesday to reflect the movement of world oil prices.

“Phoenix Petroleum Philippines will increase the prices of gasoline by P0.15 per liter and diesel by P0.25 per liter, effective 6 am of Aug. 14,” the oil firm said.

The companies did not move kerosene prices.

Other oil firms raising prices were PTT Philippines, Seaoil Philippines, Eastern Petroleum and Flying V, while other companies are expected to follow.

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