Oil Price Watch

[birdpoop]

Bababa daw yung Flying V ng P2/L sa gas & .30/L sa Diesel.

Expected daw na sumunod na ang ibang gas stations

[Ry_Tower]

Bababa daw yung Flying V ng P2/L sa gas & .30/L sa Diesel.

Expected daw na sumunod na ang ibang gas stations

Sana lahay sila magbaba.

[renzo_d10]

If so, 54/L nalang ang Premium and roughly 52/L nalang ang Unleaded !

Pero malayo pa rin sa wish ko na low-40's.

[niky]

Prices are never going to go that far backwards... sorry.

[renzo_d10]

ya nga niky eh. pangarap nalang. mukhang the farthest we can get is flat or sub-fifty.

[birdpoop]

Petron Corp. will implement a price rollback on its fuel effective 6 a.m. on Sunday.

Petron will cut premium gasoline prices by P2 per liter, P1.75 per liter for regular gasoline, P0.50 cents per liter for diesel, and P0.30 cents per liter for kerosene.


Petron said the price cuts were implemented to reflect movements in the international oil market

http://www.abs-cbnnews.com/business/...ck-fuel-prices

[renzo_d10]

What about shell ? Wala pa ?

[Jiggs]

No choice na yan....Shell and Chevron (Caltex) will have to follow the pricing scheme..else lagpak sales nila.

Eh yan dalawang big player na yan..andito samin ang depot and refinery nila pero mas mura pa ang prices dyan sa Manila. from Lipa habang lumalapit sa Manila eh pamura ng pamura ang price compare dito sa price samin...tsk..onli in d philippines nga naman. Current pricing unleaded is 56.95/ltr

[tidus1203]

What about shell ? Wala pa ?

Sila naman lagi nauuna sa price hikes tapos huli sa rollback...

[birdpoop]

What about shell ? Wala pa ?

sowe, bro renz. kagagaling ko lang sa meeting with Shell. Ito response nila

Fellow big oil company Shell also said it adjusted its pump prices by the same increments effective 12:01 a.m. Sunday.

http://www.mb.com.ph/articles/319291...ll-back-prices

[renzo_d10]

yep. buti naman. hahaha. time to fuel up.

[tidus1203]

As usual, SHELL ang laging #1 sa price increases kaya ayaw ko na din sa kanila to be honest...

P0.40 for gasoline and P0.20 for diesel...

No announcement yet from the others... Pero malamang susunod sila. Petro will likely do it at 12PM...

[Monseratto]

Bawian na!

Shell hikes fuel, drops LPG prices | Inquirer Business

Shell hikes fuel, drops LPG pricesBy: Abigail L. Ho
Philippine Daily Inquirer
11:25 pm | Monday, May 30th, 2011 12 0share13MANILA, Philippines—Pilipinas Shell Petroleum Corp. has decided to hike prices of unleaded gasoline by 50 centavos a liter and of regular gasoline and diesel by 25 centavos a liter.

These price movements will take effect at 12:01 a.m. on Tuesday.

The price of Shell’s Shellane liquefied petroleum gas, however, has been pulled down by P2.50 a kilogram, or by P27.50 per 11-kilogram cylinder.

According to monitoring done by the Department of Energy, the prices of gasoline and diesel based on the Mean of Platts Singapore benchmark for refined petroleum products went up last week as compared with prices two weeks ago.

The international contract price of LPG, on the other hand, went down for the month of June, leading to a drop in local cooking gas prices.

[Ry_Tower]

As usual, SHELL ang laging #1 sa price increases kaya ayaw ko na din sa kanila to be honest...

P0.40 for gasoline and P0.20 for diesel...

No announcement yet from the others... Pero malamang susunod sila. Petro will likely do it at 12PM...

.20 lang ba, lang-hiya, may cartel mga gas station dito, pare-parehong 49.13 coming from sundays 48.88. .25 dinagdag eh. Ang dadaya talaga.

[Jiggs]

I have to disagree about Local oil company retailers here as a CARTEL...They were also just trying to make a profit out of what their cost of Imports in the world market.

But YES there is a CARTEL on a worldwide scale ..these OPEC are the big Cartels. hawak ang mundo sa kung ano mang presyo ilagay nila.

[uls]

only activists use the word "cartel"

---

re OPEC

OPEC does not set oil prices

oil prices are determined by the market

[tidus1203]

Those who truly understand and trade the markets would say that OPEC is no longer a CARTEL. Baka dati, pero ngayon ang laki na ng markets no one has the power to control it...

Idiots who don't even trade the oil markets and have nothing better to do than picket in the streets say that OPEC is still a cartel who can control oil prices. I laugh at these idiots, that's why they are still poor cause they are idiots...

[uls]

if OPEC dictates oil price, why weren't they able to do anything when oil fell to $30+/barrel in early 2009?

[boybi]

They don't know who to blame kasi that's why they turn to OPEC/oil companies and the government. There's always someone to blame except for themselves.

[Ry_Tower]

Those who truly understand and trade the markets would say that OPEC is no longer a CARTEL. Baka dati, pero ngayon ang laki na ng markets no one has the power to control it...

Idiots who don't even trade the oil markets and have nothing better to do than picket in the streets say that OPEC is still a cartel who can control oil prices. I laugh at these idiots, that's why they are still poor cause they are idiots...

only activists use the word "cartel"

---

re OPEC

OPEC does not set oil prices

oil prices are determined by the market

hehe, got your point. But it's really weird that all gasoline stations here have the same prices in all products, unlike in Manila where there are differences. So IMO, businessmen here of gasoline definitely have a gentlemans aggreement to maximize profit at the expense of Consumers. Impossible pare-pareho lang sila ng overhead cost at CGS. Ibang sources eh. May manila may Iloilo.