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Independent oil players have taken a bigger share of the local fuel market away from the so-called Big 3 in recent years. Here’s one of those players from Cebu run by three siblings that have announced plans to open as many as nine new retail fuel stations this year.
When the local oil industry was deregulated in 1998, it paved the way for smaller independent players to compete against the so-called Big Three oil companies-Petron, Shell, and Caltex. New players entered the market and pumped more than P30 billion ...
Let's look back at recent history, as well.
With the rising costs of both gas and oil, the Philippines might look into sustainable interventions and cooperation with China for the West Philippine Sea (WPS) in the near future, according to Department of Foreign Affairs (DFA) Secretary Enrique Manalo."I think, ...
We should plan for the worst.
The Philippines' public transportation systems are crumbling under the weight of surging oil prices. And the ones most affected are our public transport workers. The Senate energy committee learned of the severity of the situation last Tuesday, June 21, when it was ...
Company says it’s on track to profitability.
Phoenix Petroleum has broken into the top three largest oil firms in the country based on fuel market share, according to data for the first half of 2020 from the Depertment of Energy.ALSO READ: DENNIS UYDespite Tourism Bust, Dennis Uy's ...
The company wants a level playing field in the oil industry.
Ramon Ang may decide to shut down Petron's oil refinery in Bataan if the company fails to come to an understanding with the government regarding tax issues.ALSO READ: PETRONShell Forced to Permanently Shut Down Refinery Operations in the Country Due ...
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