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Bacolod City, Philippines Tuesday, February 2, 2016
Oil firms hike prices

MANILA -- After the 12-year low on oil prices last week, oil firms will hike pump prices today, pushed by international market prices caused by the strengthening of the US dollar.

In separate advisories, Pilipinas Shell Petroleum Corporation (PSPC), Phoenix Petroleum Philippines, PTT Philippines and Eastern Petroleum Corp. said they will hike pump prices of diesel by P1.05 per liter and gasoline by P0.45 per liter at 6 a.m. today.

Shell will also increase kerosene prices by P1.20 per liter.

More tourists expected

While the agriculture sector endure the heat of the El Niño phenomenon, the Negros Occidental Tourism Division sees this as an opportunity to increase tourist visits to premiere destinations in the province.

“We are expecting more tourists in mountain and beach resorts to cool off because of the heat, and the expected longer summer weather up to July,” Cristine Mansinares, NOTD Supervising Tourism Officer, said yesterday.

NOTD has been receiving more walk-in guests to check for destinations around the province, she said, adding that both domestic and foreign tourists are taking advantage of holidays and long weekends to also join festivals.

Resolve motions on Energreen

The Utilities Consumers Alliance of Negros yesterday filed a motion to resolve all pending motions it filed before the Energy Regulatory Commission involving the contract between Energreen Power Development Management Inc. and Central Negros Electric Cooperative, its legal counsel Vicente Petierre III, said.

Petierre said yesterday that they have filed a motion questioning the capability and ability of Energreen to deliver power to the Ceneco since November 26, 2014 until October 26, 2015.

They also filed a motion for reconsideration before the ERC opposing the newly approved provisional authority it granted to Ceneco and Energreen  despite the latter's failure to deliver the 18.9MW power supply contract to power utility firm , he said.


Business
Button Oil firms hike prices
Button More tourists expected
Button Resolve motions on Energreen

Button Peso ends sideways vs. dollar

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