World Oil Price Behavior in the Second Quarter
From the closing average price of $83.59/bbl in April 2010, to-date May 2010 Dubai crude average of $81.36/bbl was $2.23/bbl lower. The to-date average price in May however is about $4/bbl higher compared to end of first quarter 2010.
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Oil Supply & Demand Report
FY2009 (1st Half)
SUPPLY. Inventory. Actual crudes and petroleum products inventory as of end June 2009 was recorded at 18 million barrels (MMB) or 62-days supply equivalent (48 days for crude oil and products in stock and 14 days for crude in-transit to the country). This was 42 percent higher than last year’s end-June level equivalent to 12 MMB.
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OIL MONITOR

As of 27 July 2010

WORLD OIL PRICES (For July 19-23, 2010 trading days)Month-to-date average price of Asian Dubai crude decreased by about US$2/bbl. Similarly, MOPS gasoline and diesel dropped by more than US$1/bbl compared to average in June.
  

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Philippine
Institute of Petroleum
Unit 201 Centrum II Building 150 Valero Street, Salcedo Village, Makati
Tel/Fax.: 817-4723

Philippine Institute of Petroleum

A non-stock, non profit SEC registered grouping of businesses operating in the downstream oil industry in the Philippines. It is an independent body representing the common interests of its members with different publics.

Members of the PIP include: Petron Corporation; Pilipinas Shell Petroleum Corporation; Chevron Philippines Inc.; Total (Philippines) Corporation; PTT Philippines Corporation and LiquiGaz (Philippines).

Principal roles of the PIP include: Creating a venue/forum for the sharing, preservation and refinement of best practices in the field of HSEQ; - Acting as an industry oversight group for concerns in the areas of product quality standards, transport and handling practices, and compliance with relevant Government regulations; Read More

Corporate Social Responsibility
PIP Highlights

Oil Industry Players Gather for 3rd Emergency Response Exercises
Date: 30 July 2010
Sharing the aims of promoting safety, members of the Philippine Institute of Petroleum (PIP), the country's major oil companies are once again hosting the 3rd Industry Emergency Response (IERO).

UST, Don Bosco and Mapua gear up for first Asian version of Shell fuel-efficiency challenge
Date: 12 April 2010
Hot on the heels of the successful first street run in Houston in late March, over 100 teams, including the Philippines’ University of Santo Tomas, Mapua Institute of Technology, and Don Bosco Technological College, are gearing up for the first-ever Shell Ecomarathon in Asia, to be held at the Sepang F1 race-track in Kuala Lumpur, Malaysia, from July 8-10.

THE PUBLIC DESERVES TO KNOW - What the Shell Tax issue is all about
Date: 16 February 2010
Recently, the public has heard of the issue regarding alleged non-payment by Pilipinas Shell Petroleum Corporation (PSPC) of excise taxes for imports of Catalytic Cracked Gasoline (CCG) and light catalytic cracked gasoline (LCCG), amounting to Php 7.35 billion for the years 2004-09.

PTTPC Foundation Held Relief Operation in Support to Typhoon Ondoy's Victim
15 January 2010
PTT Philippines Foundation together with PTT employees and friends sent out support and assistance to the victims of Typhoon Ondoy in Cainta, Rizal last September 29, 2009 and in Guagua, Pampanga last October 2, 2009. The true spirit of Bayanihan and Volunteerism was felt during the "PTT Damayan Relief Operation".

Oil Supply/Demand Report FY 2009 (1st Half)

SUPPLY. Inventory. Actual crudes and petroleum products inventory as of end June 2009 was recorded at 18 million barrels (MMB) or 62-days supply equivalent (48 days for crude oil and products in stock and 14 days for crude in-transit to the country). This was 42 percent higher than last year’s end-June level equivalent to 12 MMB.

Oil Supply/Demand Report FY 2008

SUPPLY. Inventory. In the local market, actual inventory as of end December 2008 was recorded at 14 million barrels (MMB) or 48-days supply equivalent (46 days for crude oil and products in stock and 2 days for crude in-transit to the country). This is 12 percent lower than last year’s end-December level equivalent to 16 MMB. Meanwhile, 2008 average inventory was reported at 50 days, 39 days in stock and 11 days in-transit.

Shell complies with Executive Order No. 839
Date: October 27, 2009
Effective 12:01 am today, Pilipinas Shell Petroleum Corporation (PSPC) rolled back the prices of diesel by P2.00 per litre, unleaded premium gasoline by P1.25 per litre, regular gasoline by P0.85 per litre and kerosene by P1.50 per litre in compliance with Executive Order No. 839 which directs oil industry players to maintain prices of petroleum products prevailing on 15th October 2009.

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COMPARATIVE REGIONAL PUMP PRICES
as of November 6, 2009
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Prevailing Retail Prices of Petroleum Products
in Metro Manila

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