News

Presyo ng gasolina tataas, diesel at kerosene tatapyasan sa Martes

ABS-CBN News
Posted at Dec 10 02:58 PM

Ilan pang kompanya ng langis ang nag-anunsiyo ngayong Lunes ng taas-presyo sa gasolina, at bawas-presyo sa diesel at kerosene, na ipatutupad nila sa Martes. Read more »

ALAMIN: Galaw sa presyo ng petrolyo sa susunod na linggo

ABS-CBN News
Posted at Dec 08 07:22 PM

Tuloy pa rin ang serye ng rollback sa diesel at kerosene pero magkakaroon naman ng oil price hike sa gasolina simula sa susunod na linggo.   Read more »

What experts say on OPEC oil output cut

ABS-CBN News
Updated as of Dec 07 08:54 AM

Charles Nenner, CEO and founder of Charles Nenner Research, and Paul Hickin, associate director of S&P Global Platts, talk about the Organisation of the Petroleum Exporting Countries' (OPEC) decision to cut oil output and its implications. Read more »

Asian markets extend decline ahead of OPEC meeting

ABS-CBN News
Posted at Dec 07 12:15 AM

The Organisation of the Petroleum Exporting Countries' (OPEC) expected production cuts is also affecting local market sentiment, as Philippine shares joined the wide-scale sell-off. Read more »

Duterte: Don’t be so sad about being taxed

Dharel Placido, ABS-CBN News
Posted at Dec 05 10:35 PM

MANILA - President Rodrigo Duterte on Wednesday said the public should not be “so sad about being taxed,” after he gave the green light for the second tranche of the fuel excise tax hike in 2019. Read more »

Diokno backs round two of fuel excise tax set for 2019

Jacque Manabat, ABS-CBN News
Updated as of Dec 05 11:07 PM

The TRAIN law scheduled excise tax increases every year for 3 years starting Jan. 1, 2018.  Read more »

OPEC works on deal to cut output, still needs Russia on board

Rania El Gamal and Ahmad Ghaddar, Reuters
Posted at Dec 04 08:06 PM

OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia's resistance to a major cut was so far the main stumbling block. Read more »

Qatar to withdraw from OPEC in January 2019

ABS-CBN News
Posted at Dec 03 11:43 PM

James Dorsey, senior fellow at the S. Rajaratnam School of International Studies, shares his views on Qatar leaving the Organization of the Petroleum Exporting Countries (OPEC) in January 2019.  Read more »

Oil surges 5 pct on trade truce, expected supply cuts

Christopher Johnson, Reuters
Posted at Dec 03 09:37 PM

Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to cut supply.   Read more »

Jeepney fare back to P9 in Metro Manila, Central Luzon, Southern Luzon

ABS-CBN News
Updated as of Dec 03 06:56 PM

The order is effective immediately after publication in newspapers of general and local circulation, the LTFRB said. Read more »

Ilang tsuper, nangangamba na muling tataas ang presyo ng petrolyo

ABS-CBN News
Posted at Dec 01 03:05 AM

Nangangamba ang ilang jeepney drivers na muling tumaas ang presyo ng petrolyo at maging pangunahing bilihin oras matuloy ang pagpapatupad ng mas mataas na excise tax sa langis sa susunod na taon. Read more »

Consumer group urges Duterte to scrap fuel excise tax

ABS-CBN News
Updated as of Nov 30 12:09 PM

With the existing 12-percent VAT and the decrease in world crude prices, there is "no need" to implement the second and third tranches of the excise tax on fuel, United Filipino Consumers and Commuters President Rj Javellana said. Read more »

WTI oil price slides under $50 per barrel

ABS-CBN News
Posted at Nov 29 07:18 PM

One of the world's major oil contracts, New York's WTI, slumped under $50 per barrel on Thursday, reaching the lowest level in nearly 14 months. Read more »

'Mahal na petrolyo sa Metro Manila, dapat imbestigahan'

ABS-CBN News
Posted at Nov 27 08:28 PM

Sa halip na murang petrolyo sa Bulacan, mas dapat imbestigahan ng Department of Energy ang umano ay nananatiling mahal na langis sa Metro Manila, sabi ng isang consumer group.  Read more »

'Presumption of good faith' needed in talks with China: ex-envoy

ABS-CBN News
Posted at Nov 27 12:22 PM

China should be given the benefit of the doubt when it comes to its dealings with the Philippines, former Ambassador Wilfrido Villacorta said Tuesday.  Read more »

Oil market power ebbs from OPEC to the troika: analysis

Reuters
Posted at Nov 27 09:29 AM

The rise and subsequent fall in oil prices this year has been almost entirely driven by production decisions in the US, Russia and Saudi Arabia and their policies towards managing the impact of renewed sanctions on Iran. Read more »

PH foreign affairs chief defends PH-China deals

ABS-CBN News
Posted at Nov 26 11:22 PM

The Philippines' top diplomat said China refuses to recognize Manila's arbitration victory against Beijing.  Read more »

Pagpirma sa PH-China oil deal, di labag sa Konstitusyon: Carpio

ABS-CBN News
Posted at Nov 26 08:24 PM

Walang nakikitang mali si acting Chief Justice Antonio Carpio sa nilagdaang memorandum of understanding on oil and gas exploration sa pagitan ng Pilipinas at China. Read more »

Bawas-presyo ng langis, inaasahang magtutuloy sa susunod na linggo

ABS-CBN News
Updated as of Nov 26 10:33 PM

Inaasahang magkakaroon muli ng bawas sa presyo ng produkyong petrolyo sa susunod na linggo dahil sa patuloy na pagmura ng langis sa pandaigdigang merkado. Read more »

No 'treason' in PH-China deal - Palace

Dharel Placido, ABS-CBN News
Posted at Nov 26 03:05 PM

MANILA - Malacañang on Monday countered communist leader Jose Maria Sison’s claim that the memorandum of understanding on oil and gas development between the Philippines and China was a “clear act of treason” on the part of President Rodrigo Duterte and his administration. Read more »