Unioil Petroleum Cuts Gasoline Prices by Up to P4.75/liter

Independent oil player Unioil Petroleum Philippines Inc. Monday slashed the prices of its gasoline by a hefty P4.75 a liter, diesel by P3.50 a liter, and kerosene by P1.50 a liter—the biggest rollback yet this year.

Unioil general manager Chito Medina-Cue Jr. said the drastic drop was due to the continuous downward trend in world crude prices and the company’s commitment to sell high quality petroleum products at fair prices.

With the rollback, Unioil’s unleaded gasoline will retail at P35 a liter; its Quantum Premium gasoline at P35.44; regular unleaded, P34.66; Pure Diesel Plus (B1), P27.54; and kerosene, P38.44 a liter.

Medina-Cue said the company decided to bring back its “big-time rollback” strategy, which it started last year, to help the public weather the high prices of everything. Read more

Unioil to Expand Philippine Network

Despite the financial crunch, Unioil Petroleum Philippines Inc. has committed to expand its retails network this year.

Unioil general manager Luisito Medina-Cue said they would open two more service and retail stations located at strategic in Quezon City and Caloocan.

He said the new stations form part of the company’s expansion program that also involves the upgrading of existing facilities in Metro Manila and nearby provinces. Read more

Major, Indepedent Oil Firms Implement Big Price Rollback

Major and independent oil players rolled back prices of diesel and gasoline early morning of 30 October 2008.

The latest oil firm to reduce its prices is Unioil Petroleum Philippines, which according to its general manager Chito Medina-Cue, will cut back the cost of diesel by P6 per liter and gasoline by P2.50 per liter effective 2 p.m. Thursday.

“This is the biggest rollback in the history of the Philippines so far. This is bigger than the others,” he said. Read more

Seaoil to Offer First Euro-5 Diesel in the Country

Seaoil Philippines Inc. has entered into a $30-million supply contract for the sale and distribution of the low emission Euro-5 diesel product, making it the first oil firm in the country to comply with the highest European emission standards.

Seaoil president and chief executive Francis Glenn Yu said they have forged an agreement with SK Networks, a major South Korean trading house, for the supply of Euro-5 diesel over the next six months.

At present, diesel being sold in the Philippines is only at Euro-2 standard. Read more

Oil Firms Roll Back Gasoline, Diesel Prices by P1

Dismissing the possibility of one-time big rollback, oil players have reduced their prices by P1 per liter on all their pump products.

The reduction was higher than anticipated as oil firms were expected to cut prices by only 50 centavos per liter for diesel.

Echoing the view of Energy Secretary Angelo Reyes, oil companies believed that the continuing drop in world oil prices would mean subsequent oil price rollbacks in the domestic front. Read more

Isuzu Launches New Eco-Friendly Turbo-Diesel Engine

We have a vehicle-related crisis in our midst, and this crisis is two-fold. First, there’s the matter of environment protection. Vehicles today—especially those with large-displacement engines—are collectively being blamed for significantly polluting our air and subsequently helping to damage the world we live in. Second, and perhaps more relevant to Filipinos these days, is the issue of rising fuel prices. The past several weeks have seen fuel prices continuously shoot up, and there seems to be no signs of abating.

As a result, people are now increasingly turning to two-wheeled transportation. Not only are motorcycle engines much smaller (hence, less emissions), they are also more fuel-efficient (hence, more economical). Some observers say that if the four-wheeled mode of transport is to thrive in these times, carmakers need to provide engines that are both environment-friendly and easy on the gas tank. Read more

DOE Warns Against Use of Dual Fuel System in Vehicles

Energy Secretary Angelo T. Reyes has warned the transport sector on the ill-effects of the use of liquefied petroleum gas (LPG) on an engine system that has not been yet properly tested.

Specifically, Reyes was referring to a dual fuel system which utilizes in-line blending of diesel (70 percent) and LPG (30 percent).

“The results of the tests made by the DOST (Department of Science and Technology) on this system have been proven to be very inconclusive,” Reyes said.

He pointed out that “LPG and diesel combination are not proven to be safe.”  Read more