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Another round of oil price hike
By Fernan Angeles PETROLEUM companies are imposing another increase in the pump prices of petroleum products, the second in two weeks. In their advisories sent to the media, Pilipinas Shell Petroleum Corp. is imposing P0.20 per liter increase in the price of gasoline, P0.05 for diesel and P0.45 for kerosene. Petro Gazz also announced increasing…
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Shell shuts down Batangas refinery for good
By Fernan Angeles ONE of the country’s strongest oil companies seemed no match to the highly-infectious coronavirus strain as Pilipinas Shell Petroleum Corporation has decided to permanently shut down its 60-year-old refinery facility in Batangas. In view of the permanent closure, Pilipinas Shell hinted at transforming the facility into a “world-class full import terminal” seen…