Oil firms roll back diesel, gas prices this week

Oil companies are expected to implement another round of fuel price rollback by Tuesday.

In its forecast, Unioil said it sees fuel prices going down this week.

Unioil said diesel prices should decline by P1.90 to P2 per liter, while gasoline prices should drop by P1.80 to P1.90 per liter.

This will be the seventh week in a row of rollback for diesel and a third consecutive one for gasoline, if implemented.

Diesel prices last week were slashed by P3.95 per liter, and kerosene by P2.65 per liter, while gasoline prices were reduced by P0.85 per liter.

Samat  cleared to start LNG project in Bataan

Samat LNG Corp. has received the greenlight from the Department of Energy to start the development of a small-scale liquefied natural gas (LNG) receiving terminal and regasification facility in Brgy. Sisiman, Mariveles, Bataan.

CA thumbs down SMC unit’s TRO plea vs ERC order

The Court of Appeals (CA) has denied the petition filed by San Miguel Corp. to nullify the Energy Regulatory Commission’s order rejecting the power rate hike sought by its power subsidiaries and Manila Electric Co. (Meralco).

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