oil prices - updates

Rappler's latest stories on oil prices

ARTICLE FINDER

Oil prices to rise on July 16

Jul 15, 2019 - 5:25 PM

Gasoline prices will increase for the 5th straight week, while diesel and kerosene prices are following the trend after falling last week

Gasoline prices up, diesel down on July 9

Jul 08, 2019 - 2:55 PM

Global forces bring down diesel and kerosene prices, while gasoline prices are going up for the 4th straight week

Big-time oil price hike set for July 2

Jul 01, 2019 - 11:30 AM

Oil prices will rise for the 3rd consecutive week due to geopolitical and trade tensions overseas

Oil prices to go up again on June 25

Jun 24, 2019 - 2:05 PM

Oil companies will implement another price hike on Tuesday, June 25, amid uncertainties in the global market

After 3 rollbacks, oil prices going up on June 18

Jun 17, 2019 - 2:05 PM

Gasoline, diesel, and kerosene prices will increase on Tuesday, June 18

A gasoline attendant fills up a car with gas at a gasoline station in Quezon City on Tuesday, April 16, 2019. Photo by Darren Langit/Rappler

Oil prices to drop further on June 11

Jun 09, 2019 - 2:54 PM

Tuesday, June 11, is the best time to fill up that tank, as oil prices are set to drop by over P2 per liter

Gasoline prices to go down by P1.70 per liter on June 4

Jun 02, 2019 - 6:05 PM

Don't fill up that tank just yet – a big-time rollback on petroleum products is set for Tuesday, June 4

Global airline body warns of U.S.-China trade war spillover

Jun 02, 2019 - 4:25 PM

The International Air Transport Association revises its 2019 collective net profit outlook down to $28 billion, as the US-China trade war escalates and costs go up

Oil prices to go down on May 28

May 27, 2019 - 11:56 AM

The rollback on Tuesday, May 28, will reflect the latest movements in the global market

Fuel prices to go up on May 21

May 20, 2019 - 1:55 PM

Oil companies will raise fuel prices on Tuesday, May 21, after two straight rollbacks

Oil firms announce big-time rollback

May 05, 2019 - 3:25 PM

Developments in the world market send oil prices down

ROLLBACK. Oil companies will be slashing prices. Photo by Darren Langit/Rappler

Oil price hike set for April 30

Apr 29, 2019 - 10:25 AM

Gasoline, diesel, and kerosene prices will rise on Tuesday, April 30

Gasoline prices to inch up on April 23

Apr 22, 2019 - 3:50 PM

This is the 3rd consecutive week gasoline prices will go up

Big-time oil price hike on April 16

Apr 15, 2019 - 10:10 AM

Pump prices of petroleum products will increase for the second consecutive week, as oil-exporting countries cut output

Oil prices to go up on April 9

Apr 08, 2019 - 12:45 PM

Oil prices are increasing on Tuesday, April 9, amid tighter supply in the region

Oil prices to slightly go down on April 2

Apr 01, 2019 - 7:40 PM

A rollback in oil prices is set for Tuesday, April 2, after 7 consecutive hikes for gasoline and 3 straight increases for diesel

Gasoline prices to rise for 7th straight week on March 26

Mar 25, 2019 - 7:30 PM

The fuel price hike set for Tuesday, March 26, comes as prices in the global market surge to their highest level in months

Big-time oil price hike set for March 19

Mar 18, 2019 - 4:00 PM

Gasoline prices will rise for the 6th straight week on Tuesday, March 19

As fuel prices rise, Angara says TRAIN law 'benefitted millions of families'

Mar 13, 2019 - 8:14 AM

'Siyempre gustong gamitin yan ng ibang partido o indibidwal for political benefit,' says reelectionist Senator Juan Edgardo Angara

Reelectionists Grace Poe holds a rally together with Nancy Binay, Cynthia Villar, Kiko Pimentel, Sonny Angara, JV Ejercito, and Chiz Escudero at Tondo, Manila on February 13, 2019. Photo by Alecs Ongcal/Rappler

Gasoline prices to jump for 5th straight time on March 12

Mar 11, 2019 - 5:30 PM

Oil companies announce a hike for gasoline, while keeping prices of diesel and kerosene steady

Gasoline prices up, diesel down on March 5

Mar 04, 2019 - 4:15 PM

After the big-time oil price hike in the last week of February, companies will implement minimal adjustments on Tuesday, March 5

Senate bets say no to oil deregulation, fuel excise tax hike

Mar 03, 2019 - 9:48 PM

Reelectionist Senator JV Ejercito, who voted for tax reform in 2017, also calls for the law's review

Photo by Jansen Romero/Rappler

Big-time oil price hike on February 26 | Evening wRap

Feb 25, 2019 - 9:12 PM

Watch Rappler’s evening wRap with Acor Arceo

Big-time oil price hike on February 26

Feb 25, 2019 - 2:25 PM

The Department of Energy asks the public to be conscious of energy and fuel usage amid climbing oil prices in the world market

Oil prices to rise on February 19 | Evening wRap

Feb 18, 2019 - 8:14 PM

Watch Rappler’s evening wRap with Bea Cupin

Oil prices to rise for 2nd straight week on February 19

Feb 18, 2019 - 12:15 PM

Oil-producing countries are cutting their output below agreed-upon levels, resulting in price increases

DOH: At least 70 deaths due to measles | Evening wRap

Feb 11, 2019 - 9:12 PM

Watch Rappler’s evening wRap with Bea Cupin

Oil prices to rise again on February 12

Feb 11, 2019 - 4:05 PM

After a slight decrease last week, prices of gasoline, diesel, and kerosene are going up again on Tuesday, February 12

Oil prices going down slightly on February 4, 5

Feb 03, 2019 - 8:05 PM

While oil companies will lower prices, the rollback will be offset by the excise tax hike under the TRAIN law

Oil firms to hike prices for 4th straight time on January 29

Jan 28, 2019 - 3:50 PM

Oil companies say the hike is due to price movements in the international market

Another oil price hike set for January 22

Jan 21, 2019 - 4:50 PM

The Department of Energy cites weak sentiments in the Asian gasoline market amid excess regional supply

Big-time oil price hike set for January 15 | Midday wRap

Jan 15, 2019 - 12:17 PM

Watch Rappler’s Midday newscast with Marguerite de Leon

Big-time oil price hike set for January 15

Jan 14, 2019 - 7:30 PM

The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices

Oil price hike on January 8 not due to Train Law – DOE

Jan 07, 2019 - 6:23 PM

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market

INCREASES. Global market forces force local players to slightly increase gas prices. Photo by Darren Langit/Rappler

Trump thanks Saudi Arabia for lower oil prices

Nov 21, 2018 - 11:20 PM

The US President tweets: 'Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let's go lower!'

(FILES) In this file photo taken on March 20, 2018 US President Donald Trump (R) shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office of the White House in Washington, DC. - US President Donald Trump has accused Saudi Arabia of lying about the killing of Jamal Khashoggi, his strongest comments to date on the affair as pressure builds on the administration to strike a tougher line. In an interview with the Washington Post published late October 20, 2018, Trump stepped back from his stance that Saudi Arabia's latest explanation for the death of the journalist inside their consulate in Istanbul was credible, but said he remained confident in the leadership of Crown Prince Mohammed bin Salman. (Photo by MANDEL NGAN / AFP)

'Yellow vest' protests against Macron snarl traffic across France

Nov 18, 2018 - 1:30 AM

The protesters say they are being squeezed by years of fuel tax increases that have driven prices to levels not seen since the early 2000s

PROTEST. A man holds a flare on November 17, 2018 in Paris, during a nationwide popular initiated day of protest called "yellow vest" (Gilets Jaunes in French) movement to protest against high fuel prices which has mushroomed into a widespread protest against stagnant spending power under French President. Photo by Lucas Barioulet/AFP

Gulf economy recovering but faces oil volatility – IMF

Nov 13, 2018 - 3:25 PM

The International Monetary Fund urges Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates to expand reforms

[ANALYSIS] Why are petroleum products so expensive again?

Oct 03, 2018 - 12:48 PM

Maybe this is as good a time as any to rethink our country’s long-term relationship with oil

Oil prices jump for 8th consecutive week, Brent crude breaches $83

Oct 02, 2018 - 11:03 AM

The latest round of price increases brings common gasoline prices to around P59 to P62 per liter, and diesel prices to around P47.95 to P50.75 per liter

Iran says Trump 'main culprit' of oil price hikes

Sep 26, 2018 - 10:55 PM

'Mr Trump both tries to decrease Iran's oil exports significantly and also wants prices not to go up. These two can't happen together,' Iranian Oil Minister Bijan Namdar Zanganeh says.

ZANGENEH. Iran's Economy Minister Masoud Karbasian (L), Oil Minister Bijan Namdar Zangeneh (C), and Foreign Minister Mohammad Javad Zarif (R), attend a parliament session in the capital Tehran on August 26, 2018 before a vote by lawmakers which saw Karbasian impeached. Photo by Atta Kenare/AFP

How far can Venezuela go in raising price of world's cheapest gas?

Aug 05, 2018 - 3:50 PM

You can buy 3.5 million liters of gasoline for $1 in crisis-hit Venezuela

An employee and a customer pump fuel at a gas station in Caracas, on July 30, 2018. Venezuelan President Nicolas Maduro announced fuel price regulations for the cheapest gasoline in the world, through the use of the "Carnet de la Patria" -an electronic identity card aimed at organizing and regulating government social benefits- during a congress of the ruling party that, paradoxically, is debating to relax the rigid controls on the economy to overcome the crisis. / AFP PHOTO / Federico PARRA

Trump says Saudi king agrees to ramp up oil production

Jun 30, 2018 - 9:43 PM

Donald Trump has repeatedly lashed out at Organization of the Petroleum Exporting Countries on Twitter in recent months, piling pressure on Riyadh to boost oil output

TRUMP IN RIYADH. US President Donald Trump (L) is welcomed by Saudi King Salman bin Abdulaziz al-Saud (2nd-L) upon arrival at King Khalid International Airport in Riyadh on May 20, 2017, followed by First Lady Melania Trump (R). Photo by Mandel Nga/AFP

OPEC sees 'considerable uncertainty' in oil market

Jun 12, 2018 - 9:55 PM

Question marks over global economic growth and resulting oil demand make forecasting difficult, says the Organization of the Petroleum Exporting Countries

Motorists gas up at a Tax Reform for Acceleration and Inclusion (TRAIN) Law implemented gasoline station in Paco, Manila, days ahead of the 15-day minimum inventory requirement of oil companies, on January 10, 2018. Photo by Ben Nabong/Rappler

Guevarra on Calida, Puyat on Tulfo brothers, ABC cancels Roseanne | Evening wRap

May 30, 2018 - 7:47 PM

Watch Rappler's evening newscast with Marguerite de Leon

Oil firms cut prices for 2nd straight time

Feb 18, 2018 - 8:40 PM

The price of gasoline goes down by P1.05 per liter, diesel by P1.25 per liter, and kerosene by P1.20 per liter on Sunday, February 18

OIL ROLLBACK. Motorists gas up at a gasoline station in Paco, Manila on January 10, 2018. Photo by Ben Nabong/Rappler

DOE: No need to raise PUV fares despite higher fuel tax

Feb 03, 2018 - 11:02 PM

Energy Assistant Secretary Leonido Pulido III says that 'based on the increase in the existing tax law, there should be no immediate need to raise PUV fares'

Transport groups demand P6 per liter fuel discount

Jan 04, 2018 - 1:50 PM

Piston says public utility vehicles should get the discount to counter the effects of the tax reform law

JEEP. A jeep carrying goods and passengers speeds through one of the highways in Coron, Palawan in December 2013. Photo by Pat Nabong/Rappler

Inflation slows to 3.3% in November amid lower food prices

Dec 05, 2017 - 4:25 PM

A slowdown is seen in November after 4 straight months of rising prices

Higher fuel, food prices push PH inflation in October to 3-year high

Nov 07, 2017 - 3:26 PM

The Philippine inflation rate of 3.5% in October 2017 is the highest since November 2014, when it registered 3.7%

A costumer buys vegetables at a market in Manila on January 4, 2013. The Philippines' inflation rate fell to a five-year low last year, the government said Friday, helping efforts to hold down interest rates and boost economic growth. Consumer prices expanded by 3.2 percent for the entire 2012, substantially lower than the 4.6 percent recorded in 2011, the National Statistics Office said. AFP PHOTO / JAY DIRECTO / AFP PHOTO / JAY DIRECTO

Rising food prices push PH inflation higher in September

Oct 05, 2017 - 1:45 PM

(UPDATED) Faster price increases are recorded for corn, fish, and vegetables, among others, based on data from the Philippine Statistics Authority