Several oil players enforced “big-time” reductions on their pump prices at different times Saturday even as one of them hiked its price for liquefied petroleum gas (LPG).
The weekend price movement was initiated by Seaoil Philippines, which at 12:01 a.m. Saturday pulled down prices of diesel and kerosene by P2 per liter.
The rollback also covered prices of premium and unleaded gasoline,…
While the other oil companies seesawed on price adjustments this week, independent player Unioil Petroleum Philippines Inc. went on with its own marketing strategy by offering price discounts over the Holy Week duration.
In a statement, the company noted that for every P1,000 petroleum product purchases at its participating stations, the customer can avail of P50 worth of discount.
In…
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…
Speaker Prospero Nograles wants the House of Representatives’ committee on energy chaired by Pampanga Rep. Juan Miguel “Mikey” Arroyo to look into the profits of oil companies.
“If the oil companies are using the deregulation law as their excuse for imposing unreasonable prices, we will also use the provisions of the deregulation law…
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