Too good to be true?
With the unabated fluctuation of oil prices in the Philippine market, Sen. Antonio Trillanes IV wants a bill to be passed that would not only limit the profits of petroleum companies but also tax the latter's excess profit."With the oil
Could this be the end of surprise fuel price adjustments?
Call it coincidental but the most recent oil price hike came just as a solon filed a bill that will push all fuel companies to become more transparent with their pricing practices.If House Bill 4893 authored by Rep. Romeo Acop of
The best piece of news to ever come out of Congress?
A lawmaker wants to reinstate the value-added tax (VAT) exemptions on the sale of petroleum products and electricity "to provide relief to consumers from the ill-effects of the unabated increase in oil prices."Rep. Ma. Theresa Bonoan-David of the
Got suggestions?
Rep. Arnel Ty of the Liquefied Petroleum Gas Marketers Association (LPGMA) party-list group has filed House Bill 4526, which seeks to establish the creation of a National Strategic Petroleum Reserve to secure the Philippines' fuel supply in times of crisis or
Can you think of any other ways to save on fuel?
With the continuing political unrest in the Middle East, which is one of the world's main sources of petroleum, governments have taken different measures to mitigate a possible fuel crisis. In Spain, for instance, the national speed limit has been reduced
What's next, auto industry?
It looks like car companies need to work double time to boost the availability of electric vehicles in the world market if the latest documents released by WikiLeaks are to be believed.Citing exchanges between Washington and the US embassy in Riyadh,
Shell "requests understanding," Petron ready to help
Oil giant Pilipinas Shell Petroleum Corp. (PSPC) issued a statement to seek the motoring public's understanding amid the low fuel supply in Metro Manila and some parts of Luzon."The continued shutdown of the First Philippine Industrial Corp pipeline, which transports
Do you agree?
Drivers in the United Kingdom are driving slower due to the rising cost of fuel, a study conducted by a satellite navigation company showed.Safety camera data provider RoadPilot revealed more UK drivers said they have reduced their average speed due to
Another blow to motorists' pocket<br />
Another oil price hike has hit motorists as the prices of petroleum products went up by as much as P1.50 per liter on April 13.Independent oil company Flying V was the first to raise prices at 12:01 a.m.,
Companies blame rising prices of oil in world market<br />
Oil companies raised fuel prices by as much as 50 centavos on Tuesday morning. This is the third consecutive oil price hike since end-February.Seaoil Philippines, Chevron (formerly Caltex) Philippines, Petron, Pilipinas Shell, Phoenix Petroleum, Eastern Petroleum, and Unioil jacked up
<p>A bit of good news to start the week</p>
Pilipinas Shell and Seaoil Philippines are cutting retail pump prices anew following another week of decline in global crude oil prices. By 12:01 a.m. on June 20, Shell and Seaoil will slash their diesel and kerosene prices by 50 centavos
The week starts on a positive note for budget-conscious motorists.
The week starts on a positive note for budget-conscious motorists.Local oil prices now cost at least 50 centavos lower as the global cost of crude continued to ease, oil firms said in separate text messages to the media.The rollback
