Napocor to cut service to SPUG areas due to high diesel prices

THE National Electrification Administration (NEA) said on Thursday that National Power Corp. (Napocor) will reduce services to areas served by its Small Power Utilities Group (SPUG) due to the high price of diesel fuel. “Starting Feb. 1, Napocor will implement the reduction of electricity service in SPUG areas due to fuel shortages and the delay […]

SinoHytec Successfully Listed on the Main Board of HKEX

HONG KONG, Jan 12, 2023 – (ACN Newswire via – The leading provider of fuel cell systems in China – Beijing SinoHytec Co., Ltd. (“SinoHytec” or the “Company”, Stock Code: 2402), has successfully listed and commenced dealings on the Main Board of the Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange” or […]

SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million

HONG KONG, Dec 29, 2022 – (ACN Newswire via – The leading provider of fuel cell systems in China – Beijing SinoHytec Co., Ltd. (“SinoHytec” or the “Company”, Stock Code: 2402), today announced the proposed listing of its shares on the Main Board of the Stock Exchange of Hong Kong Limited ( the “Hong […]

Price cap set for red onion at P170/kilo in Metro Manila

THE Department of Agriculture (DA) said it set a suggested retail price (SRP) of P170/kilogram for red onion sold in wet markets in the National Capital Region. “We had a stakeholders’ meeting with our onion farmers, traders, retailers, and we came to the conclusion to create an SRP. We have had this approved. This will […]

Fisherfolk seek bigger budget for fuel 

THE FISHING sector needs a bigger budget for fuel subsidies amid spiraling oil prices, according to a fishers’ group.   “No one is exempted from the oil price increases, so we are calling on the department to increase the budget for fuel assistance and other stimulus programs to boost agriculture and fisheries production,” Pamalakaya National Chairman […]

Diesel, gasoline price rollback expected this week

MOTORISTS have something to look forward this week as fuel pump prices are expected to be rolled back after two straight weeks of hikes.Based on its fuel forecast for Sept. 6-12, 2022, Unioil Philippines said diesel should go down by P1.50 to P1.70 per liter.Gasoline, meanwhile, should go down by P2.50 to P2.70 per liter, […]

Pertamina saves US$402.46 million amid rising global oil prices

JAKARTA, Sep 3, 2022 – (ACN Newswire via – State-owned oil and gas company PT Pertamina succeeded in saving operational costs of around Rp6 trillion (US$402.46 million) until July 2022 through several efficiency programs amid rising world oil prices that increased fuel production costs. PT Pertamina head office building (ANTARA/HO-PT Pertamina) She explained that […]

Fuel fund relief should be sustainable — PNOC 

THE PHILIPPINE National Oil Co. (PNOC) on Wednesday asked senators to include a clause in the 2023 General Appropriations Act (GAA) that will make the proposed targeted fuel relief fund sustainable.   “We need a special provision in the GAA that will make the targeted fuel relief fund, with a budgeted amount of P2.5 billion, become […]

Big-time fuel prie rollback expected this week

GOOD news for motorists as pump prices of fuel are projected to drop by more than P5 next week, according to industry estimates.In its fuel forecast for July 12-18, 2022, Unioil Philippines said that diesel are expected to go down by P5.90 to P6 per liter.Gasoline is also forecast to drop by P5.50 to P5.70 […]

Diesel, gasoline price rollback seen this week

MOTORISTS could take a breather in the coming week as pump prices of petroleum products are expected to go down.This came after five straight weeks of price hikes for diesel and four consecutive weeks of increase for gasoline.Based on its fuel price forecast for the July 5 to 11 trading days, Unioil Philippines said the […]