global oil prices – Thinking Port

Global oil prices raising inflation fears

April 11, 2019 admin Editorial, global oil prices, income tax rates, middle east, Middle East countries, oil production, opinión, Petroleum

Credit to Author: Tempo Desk| Date: Thu, 11 Apr 2019 16:30:05 +0000

WHEN market prices started rising last year, critics blamed the administration’s Tax Reform for Acceleration and Inclusion Act (TRAIN) which, while lowering personal income tax rates, imposed a tariff of R2 per liter on diesel and other fuel imports where there had been none before. The new tariff raised the cost of diesel, thus […]

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Local oil firm reduces prices

June 1, 2018 admin diesel prices, global oil prices, news, oil company, phoenix petroleum vice, president raymond t. zorrilla

Phoenix Petroleum Philippines Inc. cut gasoline and diesel prices by P1.40 and P1 per liter, respectively, as a result of the downswing in global oil prices in the past trading days. The rest of the industry players are expected to follow suit.