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Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
This is a list of major gas station chains in the Philippines. This includes the "Big Three", which refers to the top three companies in the oil industry: Petron, Shell, and Caltex. Historically, Seaoil was part of this grouping. [1]
Phoenix Petroleum Philippines, Inc. (PSE: PNX) is the first independent oil company to be listed in the Philippine Stock Exchange after the Oil Deregulation Law was passed in 1998. It is the first company from Davao City to be listed in the Philippine Stock Exchange .
The Philippines also generates a significant amount of electrical energy from oil, albeit to a lesser degree than compared to coal and natural gas. In 2013, the Philippines sourced 5.97% of its energy from oil-based sources. [7] As of March 2016, there were a total of 212 gas and diesel-powered facilities in the Philippines.
Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025. [18].
The Bauang Diesel Power Plant (BDPP) is a diesel-powered electricity generator in Bauang, La Union, Philippines. It is the largest bunker-fired power plant in terms of generating capacity. The plant has helped address the supply needs of the Luzon grid since the start of its commercial operations in 1995. [1]
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Seaoil Philippines was founded in 1978 by Francis Yu, operating storage facilities for petroleum and petrochemical based products. A few years later, it expanded its operations in the petroleum market. In 1988, the company partnered with Paramins to develop lubricants.