MANILA, Philippines – A possible increase in gas prices (gasoline, diesel and kerosine) is very likely by next week, July 2022, amidst the increase of peso-dollar exchange rate, according to DOE. In a Laging Handa briefing, the Department of Energy Undersecretary Gerardo Erguiza said that the increasing trend is synonymous with the rise in dollar-peso [...]

MANILA – Philippine oil/ gasoline companies releases the updates in oil prices hike in diesel, gasoline and kerosine on June 28, 2022. The announcements were made on June 27, 2022 while the implementation of the oil price hike will commence tomorrow. According to these companies, the increases in prices reflect movements in the international oil [...]

MANILA, Philippines – Philippine Airlines (PAL) has filed for Chapter 11 bankruptcy protection in the United States in order to pursue a lender-backed restructuring plan as a result of pandemic-related global travel restrictions, which has resulted in escalating losses. According to a statement released on Saturday, September 4, 2021, the airline’s proposed restructuring that includes [...]

MANILA, Philippines – Oil companies in the Philippines are expected to increase before the month ends. In separate advisories, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell have released their latest price adjustment per liter of gasoline, diesel, and kerosene. Seaoil, Flying V, Petron, Shell, and Caltex oil firms release their oil price adjustment in kerosene, [...]

Manila, Philippines — With the sudden drop in global oil prices, Filipino customers will enjoy another wave of rollback in petroleum products in the next week according to the forecast by Unioil Petroleum Philippines. As per forecast by Unioil for August 24-30, the price per liter of diesel will be reduced by P0.70 to P0.75. [...]

Manila, Philippines — The Department of Transportation (DOTr) will adopt free tickets for vaccinated passengers of MRT-3, LRT-2, and Philippine National Railways (PNR) from August 3 to 20, extending the time under enhanced community quarantine (ECQ) Metro Manila, according to Transportation Sec. Art Tugade. According to Secretary Tugade, Health takes more priority over income. As [...]

MANILA, Philippines –The North Luzon Expressway (NLEX) Corporation may collect an additional 2-3% fee increase starting Tuesday, May 18, 2021 following the Toll Regulatory Board (TRB) review with consistent regulatory procedures. According to the NLEX Corporation, the said increase is based on the approved periodic adjustment from 2012 and 2014, or seven years ago. The [...]