Stay updated with breaking news from Micro Dragon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Petron Corp. and Shell Pilipinas Corp. maintained their ranks as the country’s top oil companies in the local petroleum market. The Department of Energy (DOE), in a report released recently, said Petron’s market share at end-June this year stood at 22.3 percent while Shell had 15.23 percent. Petron, Shell, and…
Published January 16, 2021, 2:40 PM More than 17 billion liters of fuel were marked in 2020 under the Fuel Marking Program, a drive to curb fuel smuggling in the country, the Bureau of Customs said. A total of 17.55 billion liters of petroleum products from various fuel companies in the country were marked from Sept. 4, 2019 to Dec. 31, 2020. According to the bureau, this is equivalent to P147.78 billion and P23.94 billion of duties and taxes collected by the Customs bureau and the Bureau of Internal Revenue (BIR). “For 2020 alone, 15.69 billion liters of fuel were marked equivalent to P1...