Oil Price Behavior towards end of 1st quarter 2007
From the 2007 opening crude prices of $54.23/bbl for Brent, $54.17/bbl for WTI and $51.69/bbl Dubai, the three major reference crude prices rose $3 to $5/bbl range to average at $57.94, $59.20 and $55.75/bbl respectively in February 2008.
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How Crude Prices Behaved in 2006
Crude oil prices reached all time highs of above $78/barrel in 2006. Specifically in July 2006, Brent crude topped $78.1/barrel while WTI and Asian reference crude Dubai hit $77.5/barrel and $66/barrel respectively.
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OIL MONITOR

As of 16 June 2009

Month-to-date average price of Asian Dubai crude increased by about $11/bbl over the preceding month. MOPS gasoline and diesel also increased by about $9/bbl and $11/bbl, repectively in the same comparative periods.
  

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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

Petron to Further Expand CSR Initiatives in Pandacan
Date: April 24, 2009
Petron Corporation announced that it was set to expand its Corporate Social Responsibility (CSR) programs to meet the growing needs of the communities in Pandacan, Manila. The new CSR programs include the construction of a Petron Community Health Center, a Livelihood Skills and Training project and the rollout of Kontra-Kalat sa Barangay.

Shell partners with BFP in promoting fire safety
Date: March 3, 2009
The month of March is Fire Prevention month.Shell companies in the Philippines (Shell) support the Bureau of Fire Protection (BFP) in its persistent and unrelenting drive to promote fire prevention awareness and consciousness. Safety is core to Shell operations globally, with the company having a systematic approach to managing matters on Health, Safety and the Environment (HSE) to achieve continuous performance improvement. Shell supports the BFP in its campaign to educate the public on fire safety and prevention to ensure a fire-safe community.

Shell Supports The Philippine Imperative On Climate Change
Date: February 18, 2009
Shell companies in the Philippines (SciP) Country Chairman Edgar Chua joined major players from the business sector and non-government organisations (NGOs) in spearheading a project called “The Philippine Imperative”, which draws up a roadmap of solutions with adaptation and mitigation strategies to complement the efforts of the local and national government in combating the effects of climate change in the Philippines. The Philippine Imperative project was launched in response to the impending effects of global warming in the archipelago.

Petron Inaugurates RP's First Petrochemical Feedstock Units
Date: April 9, 2008
The country’s leading refining and marketing company Petron Corporation marks another first when it inaugurates the Philippines’ first petrochemical feedstock facilities on April 9 at its 180,000 barrel-per-day refinery in Limay, Bataan. The Petro Fluidized Catalytic Cracking (PetroFCC) unit and Propylene Recovery Unit (PRU) are part of the company’s Refinery Master Plan, which will enable it to further diversify into the petrochemical business and sustain its growth momentum.

Things You Want to Know About Auto-LPG

LPG is a generic name for mixtures of hydrocarbons (mainly propane and butane) which exists as vapour under ambient conditions and can be changed into liquid state by application of moderate pressure.

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COMPARATIVE REGIONAL PUMP PRICES
as of May 11, 2007
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Prevailing Retail Prices of Petroleum Products
in Metro Manila
(As of 18 June 2008)

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