Category : Search result: oil output freeze


OPEC+ Pauses Oil Production Increases in 2026

OPEC+ suspends planned oil output hikes for January-March 2026, citing seasonality. The alliance, led by Saudi Arabia and Russia, opts for a cautious stance. Discover what this means for global oil markets and the Philippines.

Mixed Fuel Price Adjustments Announced for December 1

Oil firms announced a major P2.90/liter diesel rollback and a P3.20/liter kerosene cut on Dec 1, while gasoline increased slightly. Get the latest on fuel price trends and the global factors driving the changes.

Bacolod DTI Enforces Price Freeze Post-Calamity

Following Bacolod's state of calamity, DTI-led teams inspect markets to enforce a price freeze on essentials. No increases found; supply is stable. Report violations to DTI.

Diesel prices may rise PHP1/liter next week

Oil prices expected to increase by PHP0.80-PHP1 per liter for diesel and PHP0.10 for gasoline next week due to supply disruptions. Learn how this affects Filipino consumers.

Philippine Oil Prices to Rise by PHP1.50/Liter

Domestic oil prices in the Philippines are projected to increase by up to PHP1.50 per liter next week. Learn the causes and what to expect for diesel and gasoline costs.

DTI: No Price Hike on Basic Goods for 60 Days

DTI Secretary Cristina Roque guarantees stable prices of basic necessities following nationwide state of calamity declaration. Consumers urged to check official prices online.

DTI: 60-Day Price Freeze on Basic Goods in Effect

DTI Secretary confirms 60-day price freeze on basic goods following nationwide State of Calamity. Prices remain stable, with many items below SRP. Check official lists and report violations.

Bacolod Implements Price Control Post-Typhoon

Bacolod City activates automatic price freeze on basic commodities following typhoon calamity declaration. Joint inspections ensure compliance. Report violations to DTI.

Fuel Price Hike: Up to ₱0.70/L Increase Expected Next Week

Filipino motorists brace for another round of fuel price hikes as industry experts predict increases of up to ₱0.70 per liter for gasoline and diesel starting next week. Get the latest updates and breakdown of expected price adjustments.

60-Day Price Freeze on Basic Goods in Effect

The Philippine government implements a 60-day price freeze on basic necessities across the country following President Marcos Jr.'s state of calamity declaration due to El Niño.

DOH Imposes Nationwide Medicine Price Freeze

The Department of Health imposes a 60-day price freeze on essential medicines across the Philippines to protect consumers from rising pharmaceutical costs during health emergencies.

Petron Profits Surge 37% to ₱9.7B

Petron Corporation reports massive 37% profit surge reaching ₱9.7 billion in first half 2024, driven by strategic expansions and increased fuel demand across the Philippines.

DTI Cebu Boosts Price Watch After Typhoon Tino

Following Typhoon Tino's impact, DTI Cebu has launched aggressive price monitoring operations across markets to protect consumers from price manipulation and ensure supply stability.

Diesel Prices Soar: P3 Increase Hits Cebu

Cebu faces significant fuel price hikes as diesel increases by P3 per liter and gasoline by P1.85, impacting transportation costs and daily commuters across the region.

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