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Oil prices set to go up by as much as P4/liter

ABS-CBN News
Posted at May 07 12:55 PM

Diesel prices could increase by P3.80 to P4 per liter, while gasoline could post an estimated P4.30 to P4.50 hike next week. Read more »

Top oil producers agree on modest supply boost

Agence France-Presse
Updated as of May 05 09:32 PM

Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand. Read more »

Shell profit up as high oil prices offset Russia hit

Agence France-Presse
Posted at May 05 05:47 PM

Shell on Thursday said its net profit jumped 26 percent in the first quarter as soaring oil prices offset a sizeable charge linked to its Russia exit. Read more »

High inflation may push BSP into 'aggressive' hike: economist

Jessica Fenol and Michelle Ong, ABS-CBN News
Posted at May 05 12:50 PM

High inflation for an extended period could force the central bank to aggressively tighten interest rates instead of making gradual hikes, economists said. Read more »

Inflation quickens to 4.9 pct in April

ABS-CBN News
Updated as of May 05 02:00 PM

Inflation for the month of April further quickened as the economic recovery gained pace, the state statistics bureau said Thursday. Read more »

EU chief proposes 'orderly' Russian oil import ban

Agence France-Presse
Posted at May 04 04:06 PM

European Commission president Ursula von der Leyen on Wednesday said the EU would impose a gradual Russian oil ban in retaliation for the war in Ukraine. Read more »

Petron doubles first quarter net income to P3.6-B

ABS-CBN News
Posted at May 04 03:35 PM

Petron Corp on Wednesday said it doubled its consolidated net income for the first quarter of 2022 to P3.6 billion from P1.73 billion last year. Read more »

P2 'provisional increase' sa pasahe ng jeep ihihirit

ABS-CBN News
Updated as of May 03 06:59 PM

Ihihirit ng ilang transport group na pansamantalang taasan nang P2 ang minimum na pasahe sa mga jeep. Read more »

Bagong fuel price rollback hindi ramdam ng ilang tsuper

ABS-CBN News
Posted at May 03 06:25 AM

Ang rollback sa presyo tila wala umanong epekto sa kalbaryong ng mga tusper lalo na’t sunod-sunod na oil price hike din ang kanilang dinanas. Read more »

Markets, oil fall on weak Chinese data

Agence France-Presse
Posted at May 02 09:51 PM

Stock markets and oil prices fell in holiday-thinned trade Monday as traders digested weak Chinese economic data and a looming US interest rate hike. Read more »

Bawas-presyo sa petrolyo kasado na sa Mayo 3

ABS-CBN News
Updated as of May 02 07:01 PM

Matapos ang 2 sirit, rollback naman sa presyo ng petrolyo ang sasalubong sa mga motorista sa Martes. Read more »

Oil firms to slash diesel, gas, kerosene prices on May 3

ABS-CBN News
Updated as of May 02 02:50 PM

Petroleum companies on Monday announced a price rollback for gasoline, diesel and kerosene. Read more »

Oil propels Saudi GDP growth to near 10 pct in Q1

Agence France-Presse
Posted at May 02 09:02 AM

The preliminary results come after the world's biggest oil exporter resisted US entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began. Read more »

Indonesia's palm oil export ban heats up vegetable oil market

Thomas Urbain And Manel Menguelti, Agence France-Presse
Posted at Apr 30 09:17 PM

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming. Read more »

Rollback sa petrolyo, LPG asahan sa simula ng Mayo

ABS-CBN News
Posted at Apr 29 04:10 PM

May namumurong rollback sa petrolyo at LPG sa susunod na linggo, ayon sa mga taga-industriya. Read more »

April inflation likely within 4.2 to 5 pct range

ABS-CBN News
Updated as of Apr 29 03:55 PM

Inflation for the month of April likely settled within the 4.2 to 5 percent range, BSP Governor Benjamin Diokno said Friday. Read more »

Indonesia suspends all exports of palm oil

Agence France-Presse
Posted at Apr 28 02:51 PM

Indonesia began imposing a complete ban on palm oil exports Thursday. Read more »

Presyo ng bigas tumaas din dahil sa oil price hikes: grupo

ABS-CBN News
Posted at Apr 27 01:33 PM

MAYNILA - Tumaas nang P2 kada kilo o higit pa ang presyuhan ng bigas dahil sa patuloy na pagtaas ng presyo ng petrolyo, ayon sa isang grupo. Read more »

Comelec exempts fuel subsidy program from spending ban

RG Cruz, ABS-CBN News
Posted at Apr 26 09:00 PM

The Commission on Elections has issued a resolution exempting the government’s fuel subsidy program from the election spending ban. Read more »

Pamamahagi ng fuel subsidy tuloy na: LTFRB

ABS-CBN News
Updated as of Apr 26 07:23 PM

Dumain ang ilang tsuper at delivery rider na wala pa rin silang natatanggap na ayuda kahit nagpatuloy na ang pamamahagi ng fuel subsidy. Read more »