Philippine Oil Pump Price Bulletin 21 – September 23 – October 9, 2009

October 9th, 2009 2 Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 21 – September 23 – October 9, 2009

“Oil firms cut pump prices” is the title of Philippine Start Wednesday’s issue of 7 October 2009 written by Ms. Donnabelle Gatdula.  After two weeks of incessant rains and massive destruction in Metro Manila brought about by Super Typhoon “Ondoy” and followed by “Pepeng”, your energy technology and pricing expert has now found time to continue this domestic oil pump price bulletin.

Pilipinas Shell, Petron and Chevron/Caltex announced a P0.75/liter price rollback on gasoline and kerosene and P0.50/liter cut on diesel as the international price of oil dropped by $3/barrel in gasoline and diesel MOPS, the pricing benchmark for imported oil products.

In the following Friday, October 9, 2009 issue of Philippine Star, Pampanga Rep. Juan Miguel “Mikey” Arroy, chairman of the energy committee of the House of Representatives, said the “75 centavo and 50 centavo reductions in the pump prices of gasoline and diesel products, respectively, is not enough.”

My own price change calculations below based on the movement of MOPS and exchange rate shows that oil companies need to reduce their prices by P1.2275/liter for gasoline, P1.6163/liter for kerosene and P0.5953/liter for diesel, indicating that the above partial reduction implemented by the oil companies need to be reduced further by P0.4775/liter gasoline, P0.8663/liter kerosene and P0.0953/liter diesel in order to maintain the same % oil company margins as of 2007 when the oil industry was in equilibrium (meaning each participant in the supply chain are getting their fair share and returns). More »

Philippine Oil Pump Price Bulletin 20 – September 15, 2009 – oil price reduction of P0.25/liter

September 15th, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 20 – September 15, 2009 – oil price reduction of P0.25/liter

“Shell, Petron roll back diesel by 25 cents” is the title of Philippine Star Tuesday’s issue of 15 September 2009 written by Ms. Donnabelle Gatdula.  Pilipinas Shell, Petron Corp., Chevron/Caltex, Phoenix Phil. and Seaoil Phil. yesterday reduced prices of petroleum products by P0.25 per liter.  Shell explained the latest price adjustment reflects the decline in the international product prices.
These reductions are on top of last week’s reduction of P0.50/liter for gasoline and P1.00/liter for diesel and kerosene implemented earlier.  As is the normal current practice in the Philippines, oil companies implement weekly price adjustments to reflect previous week’s average price of Dubai crude for the oil refiners and MOPS for the oil importers, as well as foreign exchange movements.

Based on the DOE’s oil price monitoring, international rates decreased last week by $4 per barrel for gasoline and $3 per barrel for diesel because of slowdown in demand in the US, the world’s biggest oil consumer, after the end of its summer driving season. More »

Philippine Oil Pump Price Bulletin 19 – September 8, 2009

September 9th, 2009 4 Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 19 – September 8, 2009

“Oil firms raise LPG price” is the title of Philippine Star Tuesday’s issue of 8 September 2009 written by Ms. Donnabelle Gatdula. Philipinas Shell and Petron Corp. raised the price of liquefied petroleum gas (LPG) or cooking gas by P1.45 per kilogram. Shell said the recent price adjustment on LPG was carried out to reflect international contract prices on the local front. More »

Philippine Oil Pump Price Bulletin 19 – August 21, 2009

August 21st, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 19 – August 21, 2009

“Oil companies roll back gas, diesel prices” is the title of Philippine Star Friday’s issue of 21 August 2009.

Pilipinas Shell, Petron Corp. and Total Phils. have reduced the pump prices of gasoline by P1.50 and diesel and kerosene by P1.00 per liter. Chevron/Caltex and PTT would also reduce pump prices of gasoline by P1.50 per liter and P1.00 per liter for diesel and kerosene effective 12 a.m. today, while Phoenix Petroleum Phils. would do so effective 6 a.m. today. Shell said it managed to roll back the price of petroleum products due to reduction in product costs for the past week. More »

Philippine Oil Pump Price Bulletin 18 – August 5, 2009

August 5th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 18 – August 5, 2009

“Oil firms raise gas, diesel prices by P1 per liter” is the title of Philippine Star Wednesday’s issue of 5 August 2009 written by Mr. Ted Torres.

Philipinas Shell, Petron Corp., Chevron/Caltex Phils. and Phoenix Petroleum Phils. have increased the pump prices of gasoline and diesel by P1.00 per liter while the price of kerosene was hiked by P0.50 per liter. The price adjustment took effect at midnight.Oil companies cited the need “to reflect movements in international oil prices and reflect local market competition.” Unioil increased the price of diesel by P1.40 per liter last Saturday.  “This is the first time that Unioil will have a price increase as response to the P2.00 increase by competition implemented last week”, Unioil said. As you recall, Total Philippines Corp. and Petro Corp increased pump prices by P2.00 per liter for gasoline, diesel and kerosene last week. More »

Philippine Oil Pump Price Bulletin 17 – July 29, 2009

July 29th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 17 – July 29, 2009


“Total, Petron hike oil prices” is the title of Philippine Star Monday’s issue of 29 July 2009 written by Mr. Ted Torres.

Total Philippines Corp. and Petro Corp also increased pump prices by P2.00 per liter for gasone, diesel and kerosene yesterday. The two oil companies joined Pilipinas Shell Petroleum, Chevron (Caltex) Philippines and SeaOil, which earlier announce a hike in their pump prices. Total and Petron said that the price hike reflected increasing regional and global oil prices as well as increases in production costs. More »

Philippine Oil Pump Price Bulletin 16 – July 20, 2009

July 22nd, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 16 – July 20, 2009

“Oil companies cut diesel, gas prices” is the title of Philippine Star Monday’s issue of 20 July 2009 written by Ms. Donnabelle Gatdula.

Oil companies Pilipinas Shell, Petron and SeaOil are reducing diesel and gasoline prices by P0.50 and P0.25 per liter, respectively, effective today.  Other oil companies are also expected to follow the price adjustments to remain competitive. More »

Philippine Oil Pump Price Bulletin 15 – July 11, 2009

July 12th, 2009 1 Comment   Posted in oil and gas, oil pump prices
Philippine Oil Pump Price Bulletin 15 – July 11, 2009

“Gas prices cut by P1.50” is the title of Saturday’s issue of 11 July 2009.

Only last Monday, they increased gasoline prices by P0.50 per liter, but reduced diesel and kerosene prices by P0.50 per liter. Crude refiner Pilipinas Shell and product importers Phoenix Petroleum and SeaOil initiated the price reduction. As of press time, the other oil companies have yet to follow the price cut. Shell spokesman Roberto Kanapi announced last Thursday that they anticipated a price rollback due to continuing drop in petroleum prices. More »

Philippine Oil Pump Price Bulletin 14 – July 7, 2009

July 9th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 14 – July 7, 2009


“Gas prices go up, diesel down” is the title of Tuesday’s issue of 7 July 2009.

Oil major Pilipinas Shell and oil minor SeaOil are increasing today the prices of their gasoline by P0.50 per liter effective today. But Shell and SeaOil announce that prices of diesel and kerosens would go down by P0.50 per liter also today. Shell officieals said the recent price adjustments were consistend with the movements of world crude prices. Other oil companies have yet to announce their respective adjustments as of press time. More »

Philippine Oil Pump Price Bulletin 13 – 27 June 2009

June 27th, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 13 – 27 June 2009

“LPG Price up by P3/kg” is the title of Saturday’s issue of 27 June 2009.

The price of liquefied petroleum gas (LPG) or cooking gas will increase by P3 per kilo or P33 per 11-kg cylinder effective today. This developed as the Department of Energy (DOE) said that based on price tends, there might be a price reduction on pump prices of gasoline and diesel next week. DOE Oil Industry Monitoring Bureau (OIMB) director Zenaida Monsada said based on DOE monitoring, they expect a possible rollback of P1 per liter for diesel and gasoline. More »

Philippine Oil Pump Price Bulletin 12 – 23 June 2009

June 23rd, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 12 – 23 June 2009

“Oil firms raise prices anew” is the title of Tuesday’s issue of 23 June 2009.

Oil major Shell and Petron and small players Total and Eastern Petroleum are increasing their gasoline and diesel prices by P0.50 per liter effective today. Last week, the oil companies also raised their gasoline prices by P0.50 while diesel and kerosene prices were raised by P1.00 per liter. They attributed the continuing rise in prices of petroleum products to their increases abroad. Shell, Petron and Total would also increase its kerosene price by P0.75 per liter while Petron has raised its LPG retail price to P507 per 11 kg cylinder. More »

Philippine Oil Pump Price Bulletin 11 – 12 June 2009

June 12th, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 11 – 12 June 2009 news flash

“Shell, Flying V” is the title of today’s Thursday issue of 11 June 2009.  Oil major Shell and small player Flying V are increasing their gasoline prices by P0.50 per liter and diesel prices by P1.00 per liter effective today, Thursday.  Last Sunday, the oil companies also raised their gasoline prices by P1.00 while diesel and kerosene prices were raised by P1.50 per liter. More »

Philippine Oil Pump Price Bulletin 10a – 9 June 2009 news flash

June 7th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 10a – 9 June 2009 news flash

“3 oil firms raise prices” is the title of today’s Sunday issue of 7 June 2009.

Oil major Shell and small player Total are increasing their gasoline prices by P1.00 per liter and diesel and kerosene prices by P1.50 per liter effective today, Sunday. Except for its kerosene, small player Seaoil said it is also raising its gas and diesel prices today by the same P1.00 and P1.50 for gasoline and diesel, respectively. Shell Vice President for Communications, Mr. Bobby Kanapi, said the price increases reflected higher product costs in the world market. Last Tuesday, most oil companies raised their gasoline prices by P0.50 per liter and diesel prices P0.75 per liter. More »

Philippine Oil Pump Price Bulletin 9 – 3 June 2009

June 3rd, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 9 – 3 June 2009

In yesterday’s Philippine Star article “Gas, LPG prices up” dated 2 June 2009, it was reported that oil major Shell will increase pump prices by P0.50 per liter of gasoline and P0.75 per liter of diesel effective today due to rising prices of crude oil and oil products in the international market. Also, the price of liquefied petroleum gas (LPG) or cooking gas increased by P1.50 per kg or P16.50 per 11-kg LPG tank due also to the rise in the international contract prices. According to Arnel Ty, the President of the LPG Marketers Association of the Philippines (LPGMA), the latest LPG hike would form part of the total P2.50 per kg increase that their group will implement. More »

Philippine Oil Pump Price Bulletin 8 – 26 May 2009

May 26th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 8 – 26 May 2009

In today’s Philippine Star dated 26 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline and diesel pump prices by P1.00 per liter effective today due to rising prices of crude oil and oil products in the international market.

As of May 18 Philippine Department of Energy (DOE) monitoring, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $6/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline moved higher by $5/bbl while diesel moved higher by $4/bbl. More »

How to Calculate Petroleum Pump Prices – two methods presented

May 20th, 2009 11 Comments   Posted in oil and gas, oil pump prices

How to Calculate Petroleum Pump Prices – two methods presented

In order to promote transparency in the pricing of petroleum and other oil products, your favorite energy technology expert would like to share his insights and experience over the years in oil and energy pricing in general.  As a first step, the author Engineer Marcial T. Ocampo, will present two methods for estimating pump prices.  As you recall, our very own National Economic Development Authority (NEDA) Secretary opined that Philippine oil pump prices are P8/liter more than what they should be.  The Secretary, however, did not provide sufficient details to verify his calculations. More »

Philippine Oil Pump Price Bulletin 7 – 20 May 2009

May 20th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 7 – 20 May 2009

In today’s Philippine Star dated 19 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline pump price by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market. Diesel and kerosene prices will likewise be increased by P0.50 per liter.

Based on Philippine Department of Energy (DOE) monitoring report, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $5/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline and diesel moved higher by $4/bbl in the first week of May. More »

Philippine Oil Pump Price Bulletin 6 – 12 May 2009

May 12th, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 6 – 12 May 2009

In today’s Philippine Star dated 12 May 2009, it was reported that oil major Petron and oil minors Total, SeaOil and PTT will increase gasoline and diesel oil pump prices by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market.

The Philippine Department of Energy (DOE) monitoring reported that as of May 8, the benchmark price of gasoline in Singapore (Mean of Platts Singapore) rose by $4/bbl from April’s average of $60.74/bbl to $64.74/bbl. Similarly, the benchmark price of diesel (MOPS) increased by the same $4/bbl from April’s average of $60.08/bbl to $64.08/bbl. On the other hand, the benchmark price of Dubai crude oil that is used by crude oil refiners Petron and Shell rose from April’s average of $50.10/bbl to $55/bbl. More »

Philippine Oil Pump Price Bulletin 5 – 05 May 2009

May 5th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 5 – 05 May 2009

The world just witnessed one of the best boxing fights with the greatest Philippine boxer Manny Pacquiao defeating the greatest British boxer Ricky Hatton in Round 2.  Both trained hard and gave it all, but in the end, only the best became victorious.  Their dedicated pursuit of their dreams surely serves as an inspiration to all peoples of mankind – make your own dreams, pursue it relentlessly, train hard for it, and in the end, leave everything to your God to decide which the best man to win.  I guess no one lost – but rather everyone gained a valuable lesson.  As they said, success only comes to those willing to make sacrifices.

Once again the world was gifted with another price roll back by the oil majors and minor players. In today’s 5 May 2009 Philippine Star, Shell, Caltex and SeaOil announced a P1.50/liter rollback for gasoline, P0.25/liter for diesel, P0.25/liter for kerosene and P0.40/kg for LPG effective 12:01 pm.  On the other hand, Petron and Total announced a similar reduction for gasoline, diesel and kerosene of P1.50, P0.25, P0.25 per liter, respectively, effective 6:00am.  However, Petron and Total announced a smaller reduction of P0.25/kg for LPG.

NEWS FLASH AS OF 7:19PM MANILA TIME: Petron and Total announced a P0.40/kg reduction of LPG to match that of Shell, Caltex and SeaOil. More »

A Survey on Oil Pump Prices – Philippine Oil Pump Price Bulletin 4 – 01 May 1, 2009

April 30th, 2009 No Comments   Posted in oil and gas, oil pump prices

A Survey on Oil Pump Prices – Philippine Oil Pump Price Bulletin 4 – 01 May 1, 2009

This time, I am still holding my breath because of the fast pace of changes in the international crude oil and product posted prices and its immediate impact on domestic prices of oil products. One week, its gone up, only to be followed by a price reduction the next week as the prices of crude oil and products move in unison with changes in the Philippine peso with the US dollar.

NEDA Secretary Says Domestic Pump Price is Over-priced by P8/Liter (??) More »