Downstream Oil Situationer FY 2021

Published on 0, 26 May 2022

II. Industry Profile

A. DOWNSTREAM OIL INDUSTRY

a) LIQUID FUEL and LPG

i. Background

The passage of R.A. 8479 otherwise known as the “Downstream Oil Industry Deregulation Act of 1998” liberated and deregulated the country’s downstream oil industry to ensure a truly... Read more

Published on 0, 1 October 2021

Since the outbreak of Coronavirus in 2020, the local oil industry, just like many other industries, was greatly affected by the pandemic. This resulted in a slowdown in demand and physical operations of the oil companies given the lockdown/quarantine measures implemented nationwide.

One of the country’s local refiners, Pilipinas Shell, decided to... Read more