Constant Weekend Rise at the Gas Pump

[uls]

^^You're wrong. Its true that the US does not use diesel in their cars, but China and India are heavy diesel users too. And more importantly unlike gasoline which is only used in cars and motorbikes. Diesel is also used in heavy equipment, generators, and industrial machinery so diesel demand is much much huge than gasoline.

Exactly.

People have such a narrow view of things.

Pag diesel, they only think of PUJs.

Nakakalimutan nila na sobra lakas ang consumption sa diesel ng mga trucks, earthmoving equipment, industrial machinery, power generators etc

[Algernon]

Boycott tayo once a week in filling up our tanks!! Effective kaya?

To be truly effective, it would have to be a permanent, sustained decline in demand...not just once a week. That means everyone, and I mean everyone, would have to radically change their travelling habits and even lifestyle. A 4-day workweek would help in this regard, though by itself alone wouldn't be enough.

[tidus1203]

Kanina I went out to buy food and have my haircut napadaan nadin ako sa gas to fill up my Landcruiser. Sa Petron along Araneta Ave. diesel was still in its old prices (that was 11AM) while the Shell just a few meters away already had the P3 increase. Guess what, Shell looked like a ghost town Pero according to the gas boy 12PM sasali na din sila so I guess I was lucky to fill up at the old prices 1 hour earlier. Natawa pa nga yung biy eh kasi sigaw ako full tank tapis 6.7 liters pa lang click na

[uls]

just passed by petron, shell, cityoil araneta ave.

around 12noon.

Nagtaas na.

1 peso gas, 3 pesos diesel.

[tidus1203]

Even Cityoil nakisabay na din? Diba normally Sunday sila nagtataas??

[yelotruck]

Napakahaba ng pila sa gas stations na meron E10 kagabi. The i heard over the radio na nagkakaubusan ng E10 kagabi.

[uls]

Even Cityoil nakisabay na din? Diba normally Sunday sila nagtataas??

yup P60.10 na unleaded ng cityoil. sumabay sila sa iba.

[uls]

ya parang nagkaubusan ng E10 kagabi...

wala stock E10 sa dalawang shell na pinuntahan ko. (del monte talayan & araneta ave near Paz, not Maria Clara - they don't sell E10)

that was around 10pm.

Dun sa 2nd shell na pinuntahan ko (Araneta near Paz), they offered me nalang regular unleaded pero at E10 price.

Sayang almost full tank pa ako nun... so mga 6 liters lang napuno na...

[tidus1203]

Ako bihira parin ako gumamit ng E10 madalas regular unleaded pa din. Normally 10L a week ang karga ko sometimess less so 10X2 = P20 lang cheaper ang E10 so I say what the hell

[uls]

ako naman alternate regular unleaded and E10.

hinahalo ko para ma-dilute ung ethanol.

--------------

BTW, diesel is now more expensive than E10.

grabe

[tidus1203]

Hehehe 2 weeks from now diesel will even be more expensive than the high end 95 octane unleaded like Blaze, V-Power and Gold

[dieselNUBI]

i heard that gas prices in US is cheaper or same amount na as compared to ours here in Pinas. is this true? isnt it dapat Pinas fuel are (were) one of the cheapest fuels in the world?

[rna800]

I talked with my auntie who lives in LA and she said gasoline costs almost $5/gallon there. So I think it's still cheaper here. With the fuel prices going up weekly, my driving habits really changed. My max speed now is only 60 and it takes almost 2 weeks to fill up my tank. I don't drive a gas guzzler nor those small fuel efficient vehicle, but driving at that speed is an effective gas saver. I don't care if drivers really tailgate, honk or flash their lights to make me go faster, as long as I am in the right lane, I don't care about them. I just don't look in my mirrors so that I'll not be tempted to go faster. They're not the one paying for my gas. Also, I try to avoid the rush hour traffic if I could coz everyone knows that being stuck in traffic is a waste of gas.

But one thing I noticed every time I go malling every weekend, regardless what mall it is, it's still jam packed and as if there is no problem with the economy at all. And for bars and restaurants, they are crowded as well.

[step22]

if im not mistaken ang napanood ko sa news na nag flying v ay sa sunday pa magtaas ng P3/L ng diesel. pero as is passed by sa station nila sa taal, batangas. 58.80 na ang diesel so nagtaas na ng P3. ang daya talagas sa probinsya palibhasa hindi namomonitor.

[Monseratto]

ABOUT FACE!!! Pero babawiin next weekend...

Petron, Shell to roll back diesel prices--Dureza

MANILA, Philippines--(UPDATE) Heeding President Gloria Macapagal-Arroyo's request, oil giants Petron and Shell have said they will implement a P1.50 per liter rollback for their diesel products, Press Secretary Jesus Dureza announced Sunday.

The rollback will take effect at 12:01 a.m. Monday.

Dureza said the two oil firms made the commitment to reduce diesel prices after meeting with Executive Secretary Eduardo Ermita and Energy Secretary Angelo Reyes Saturday.

"We are happy with the positive response of oil companies," Dureza added, in an Agence France-Presse report.

"We express thanks to the oil companies."

Oil companies raised diesel prices by P3 per liter on the weeekend, pegging diesel close to P59 per liter.

The increase shocked motorists and prompted jeepney operators to call for a transport strike.

Dureza said he hopes other oil companies will follow suit when Shell and Petron reduce their prices.

Press reports said gas pump prices were raised 19 times this year while diesel and kerosene prices went up 20 times.

Oil industry officials have said the increases are unavoidable as local prices are still below global levels.

The Philippines imports all of its oil requirements, and it was unclear how long the diesel pump prices would be maintained at the reduced level.

Arroyo's popularity has fallen to a record low, a new poll showed Friday, and her aides have blamed the rising cost of food and fuel.

Protesters have called for street demonstrations next week.

[tidus1203]

Sabi na nga eh the government will try its utmost to interfere and manipulate the markets. Of course I know in the end they will fail, its just delaying tactics. By not exposing the public to the true price of diesel to the world markets it will just be more painful in the end.

[mikmik316]

I was talking to a relative na nasa Dubai.. and I started comparing gas prices...

Pinas - 60-65 pesos
US - 48-50 pesos
Dubai - 18-20 pesos
Jeddah - 7-10 pesos

And the gas companies are saying hindi sila kumikita... case in point Exxon Mobil had a record 100-130 billion income in just 1 year! 2006 yata yun...

[uls]

baket lagi kino-compare ang fuel price sa Pinas sa fuel price sa Dubai or Saudi?

Syempre mura sa Dubai or Saudi... una, oil producer sila. Galing po sa ilalim ng lupa nila yan. 2nd, highly subsidized sila.

Halos walang puhunan para sa kanila para gumawa ng gasolina o diesel. (since the crude oil that comes out of the ground is free, all they have to spend on is refining the crude oil)

E tayo, customer tayo. Bumibili tayo. Binebenta sa atin ang crude oil na yan at around $130 per barrel.

Kelangan bumili ng dollars ang mga oil companies dito para may pambayad. Magkano dollar ngayon?

Malaki ang puhunan ang kelangan para makabili ng isang tanker na puno ng crude oil.

Tapos ang tanker na yan na puno ng crude oil binibiyahe papunta sa Pinas.

Sa pamasahe palang magkano na?

Tapos pagdating dito ng crude oil, ire-refine ng mga oil companies para maging unleaded, diesel, kerosene...

Tapos nilalagay sa tanker trucks para ideliver sa mga gas stations.

Konting imagination at common sense nga...

sa lahat ng expenses na yan...

Paano magiging kasing presyo ng fuel dito sa Pinas sa presyo ng fuel sa Saudi o Dubai?

[tidus1203]

Compare ourselves to our importing neighbors like Thailand and Singapore and our gas is still cheap. HK ang pinakamahal sa region.

[Algernon]

On the other hand, oil companies here cannot really claim they are losing money even now...

The Manila Times
Monday, July 21, 2008
[SIZE=3][SIZE=2]Shell, Petron earned P70B after
oil deregulation – lawmaker [/SIZE]
[/SIZE]http://www.manilatimes.net/national/...80721top6.html

The two biggest oil companies, Pilipinas Shell Petroleum Corp. and Petron Corp., earned nearly P70 billion in combined net profits after the passage of the Downstream Oil Industry Deregulation Law in 1998, a lawmaker said Sunday.

Shell earned P33.59 billion in cumulative net profits from 1998 to the first quarter of 2008, while Petron posted P35.18 billion in profits during the same period, Cebu Rep. Eduardo Gullas said in a press release, citing reports filed with government regulators.

“Consumers are now extremely vulnerable to potential pricing abuses,” he said in the statement.

With the series of oil price hikes starting from January 2008, the
petroleum companies have increased diesel and kerosene prices 20 times, by about P22 to P24 per liter. They have also raised gasoline prices 19 times, by some P19 per liter.

”The Downstream Oil Industry Deregulation Law has definitely been a boon to the two oil refiners and other [industry] players,” Gullas said.

“There is also no question that as a result of soaring world oil prices, industry players are enjoying enormous pricing power that has enabled them to pump up their profits.”

Based on his research, Gullas said Shell had reported a net profit of P3.1 billion from January to March this year. Petron posted a net profit of P658 million in the same period. From 2005 to 2007, Shell’s annual net profit averaged P5.41 billion, while Petron’s averaged P6.03 billion.

In a previous story in The Manila Times, a Shell executive conceded that the company made big profits but reinvested those into the business, particularly in costly oil explorations.

The third-biggest local oil firm, Chevron Philippines Inc. (formerly Caltex), has since closed down its 72,000-barrel of oil per day refinery in San Pascual, Batangas. Chevron now merely operates a finished petroleum product import terminal in Batangas with the capacity to store 2.7 million barrels.

The figures with respect to Chevron’s financial performance were not readily available. Chevron is no longer subject to the same rigorous disclosure and financial reporting rules that apply to Shell and Petron. Chevron nonetheless last reported a net profit of P2.75 billion in 2006.
Petron controls 39 percent of the local petroleum market. Shell has a 31-percent market share, and Chevron, 15 percent.

New oil players corner the remaining 15 percent. Petron runs a 180,000-barrels of oil per day refinery in Limay, Bataan. Shell runs a 110,000-barrels per day refinery in Tabangao, Batangas.

The Cebu congressman called on the Department of Energy to protect consumers’ interests, adding that it is empowered by the Downstream Oil Industry Deregulation Act to act against price manipulation and other similar abuses.
-- Jomar Canlas