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Recent developments on Phoenix
Topline Business Development Corp. to acquire Phoenix Petroleum gas station in Cebu
Topline Business Development Corp. (TOP), through its subsidiary Light Fuels Corp. (99.75% owned), will acquire a Phoenix Petroleum gas station in Cebu, including its fixtures, machinery, equipment, and leasehold rights.
9 oil firms to offer fuel discounts starting July 1
Nine oil companies, including Caltex, Cleanfuel, Jetti, Petro Gazz, Petron, Phoenix, PTT, Seaoil, and Shell, have committed to offering fuel discounts to public utility vehicle (PUV) drivers.
Phoenix Petroleum employees join coastal cleanup nationwide
Phoenix Petroleum, through its Phoenix Philippines Foundation, Inc., actively joined the 2024 International Coastal Cleanup event on September 21, 2024.
Wanderland Music Festival returns March 9-10 with Jack Johnson, Thundercat headlining
Wanderland Music Festival will return on March 9 and 10, 2024, at the Filinvest Concert Grounds in Muntinlupa City.
Diesel, kerosene prices to increase Tuesday
Diesel prices will increase by P0.30 per liter and kerosene by P0.65 per liter starting Tuesday, November 28, 2023.
Phoenix Petroleum sees widened net loss but expects recovery
Phoenix Petroleum Philippines Inc. reported a widened net loss of P3.688 billion for the January-September period of 2023, a significant increase from the P1.0 billion loss in the same period last year.
Phoenix Petroleum to divest from Singapore subsidiary
Phoenix Petroleum Philippines, Inc. has approved the divestment from its Singapore-based subsidiary, PNX Petroleum Singapore Pte. Ltd., through a share buyback.
Gasoline prices to increase by P0.55, diesel by P0.95 decrease starting Tuesday
Gasoline prices will increase by P0.55 per liter starting Tuesday, October 17, while diesel prices will decrease by P0.95 per liter.
Oil prices to roll back Tuesday after 11 weeks of hikes
Oil prices are set to decrease on Tuesday, September 26, marking the first rollback in 11 weeks.
Oil firms to hike prices anew on Tuesday
Oil companies are set to implement another round of price increases for fuel products on Tuesday, September 19.