A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple’s new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo Apple on Saturday said it has identified a few issues which can cause new iPhones to […]
LPG prices up this month
Prices of cooking gas are up for the third consecutive month this October. Petron announced yesterday that it will implement a P3.75 per kilogram increase in LPG prices starting today. Its AutoLPG prices will likewise go up by P2.09 per liter. “These reflect the international contract price of LPG for the month of October,” Petron […]
Hefty gasoline price rollback next week, increase for diesel
A mixed movement in pump prices is expected next week, with gasoline poised for a hefty rollback while diesel could see a slight increase. “Based on the four-day trading of MOPS (Mean of Platts Singapore), we are expecting a mixed movement on the prices of petroleum products,” Department of Energy (DOE) Oil Industry Management Bureau […]
74,089 PUV operators get fuel subsidy
Public utility vehicle (PUV) operators have received P483.748 million in financial assistance amid the continuous fuel price hikes in recent weeks, according to the Land Transportation Franchising and Regulatory Board (LTFRB). Out of the 1.36 million expected beneficiaries, the LTFRB said 74,089 PUV operators have received fuel subsidy. LTFRB Chairman Teofilo Guadiz said the agency […]
Oil prices lower on strong dollar; Fed, China fears dent outlook
Oil prices retreated Tuesday, falling further from recent highs as a higher U.S. dollar added to concerns of weakening economic activity as the Federal Reserve keeps interest rates higher for longer. By 09:35 ET (13.35 GMT), the U.S. crude futures traded 0.1% lower at $89.61 a barrel, while the Brent contract dropped 0.2% to $91.73. […]
DOE’s Lotilla: Fuel price rollback seen, but don’t get hopes up
Another round of rollback in fuel pump prices could be expected next week, but the motoring public should manage expectations as external factors are still at play, Energy Secretary Raphael Lotilla said Wednesday. Citing global oil trading in the past two days, Lotilla said a downtrend in petroleum prices is being observed, which could reflect […]
Philhealth temporarily shuts down systems after hackers attack website
The Philippine Health Insurance Corp. (Philhealth) has temporarily shut down affected online systems after computer hackers attacked the website and its application system. The computer hackers managed to take down the systems of Philhealth on Friday and blocked access to the site for more than 24 hours. In a statement on Saturday, PhilHealth said it […]
Fuel prices seen to roll back next week
After 10 straight weeks of increases for gasoline and 11 for diesel and kerosene, pump prices of petroleum products are expected to roll back in the coming week, according to oil industry projections. Citing the four-day petroleum trading from September 18 to 21, an oil industry source told GMA News Online that the price per […]
Natural Gas: When Best-Laid Plans for Production Culling Go Awry
Scottish poet and lyricist Robert Burns wrote in 1785 that ”the best-laid plans of mice and men often go awry”. Those in the natural gas market would have seen the wisdom in that this week after their hopes of witnessing production crumble from seasonal maintenance were dashed by changes in weather and a pipeline operator’s […]
LTFRB: Subsidy only for buying oil products
Land Transportation Franchising and Regulatory Board (LTFRB) Chairman Teofilo Guadiz 3rd has clarified that the fuel subsidy cannot be used for other purposes and is specifically intended as payment to select gasoline stations for purchasing petroleum products. In a post on the LTFRB official Facebook page, Guadiz said all public vehicles, except trucks-for-hire, are eligible […]