Oil prices up today Danessa Rivera
MANILA, Philippines Oil firms are raising pump prices for the fourth consecutive week today.
In separate advisories, oil firms said gasoline prices would be increased by P0.75 per liter, diesel prices by P0.70 per liter and kerosene prices by P0.70 per liter.
Chevron Philippines Inc., the marketer of Caltex in the Philippines, said its price adjustments would take effect at 12:01 am.
Petron Corp., Petro Gazz, Phoenix Petroleum Philippines Inc., Pilipinas Shell Petroleum Corp., PTT Philippines and Seaoil Philippines would adjust their prices effective 6 a.m.
Unioil Philippines Inc.’s price adjustments would start at 6:01 a.m., while Cleanfuel said it would raise gasoline and diesel prices by 4:01 p.m.
Phoenix Petroleum to focus on retail, LPG businesses to drive growth bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published April 18, 2021, 1:30 AM
As household budgets are generally tight because of the lingering pandemic, independent player Phoenix Petroleum Philippines Inc. is dangling liquefied petroleum gas (LPG) canisters as a more affordable option for lower income consumers.
The company’s Phoenix Super LPG brand has so far started with the LPG canister offering in the Visayas and Mindanao markets via a partnership with Philippine Eco-Gas Producer Cooperative (PEPC); and since 2019, it noted that this is now a thriving alternative for the cooking fuel needs of families.
As emphasized, the capacity of the LPG canister hovers at 200 grams – and this can last for two (2) hours of cooking time, depending on the usage of the consumer.
Phoenix Petroleum posts marginal income in 2020 mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Tomas I. Alcantara (Photo credit: https://www.acr.com.ph)
Taking his place is his older brother, Nicasio I. Alcantara, who will be pursuing the company’s aggressive expansion projects in the power sector, primarily renewable energy as the next focus of its investments trajectory.
ACR announced that Tomas Alcantara, known to their employees and executives as “TIA”, will remain as board director in the company. No particular details were given on his current state of health, which prompted his decision to finally pass the baton to another family member in leading their corporation.
Nicasio I. Alcantara (Photo credit: https://acrmc.com.ph/)