+ Follow TIAOQUI Tag
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            [0] => Array
                    [ArticleID] => 89297
                    [Title] => Militant groups demand P2 rollback in oil prices
                    [Summary] => Militant groups demanded yesterday a P2 reduction in the price of petroleum products in the wake of reports that major oil companies are contemplating a measly rollback of their rates.

This developed as Energy Secretary Mario Tiaoqui said he expects the the country’s so-called "Big 3" oil firms — Shell, Petron and Caltex — to follow the lead of smaller industry players which cut their rates by an average of 20 centavos per liter last week.
[DatePublished] => 2001-01-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 98387 [Title] => Leaded gasoline finally phased out [Summary] => Leaded gasoline has been phased out. In accordance with the provisions of Republic Act (RA) 8749, otherwise known as the Clean Air Act (CAA) of 1999, all the oil companies in the country have stopped selling leaded gasoline since last Dec. 23.

"All over the world, countries have been taking out the lead in their fuel because studies have confirmed its harmful effects on the environment and on our health," Energy Secretary Mario V. Tiaoqui said.
[DatePublished] => 2001-01-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 89261 [Title] => P1 oil price cut likely next month [Summary] => There is a "good possibi-lity" that fuel prices will be reduced by P1 per liter next month, Energy Secretary Mario Tiaoqui said yesterday.

Tiaoqui issued the statement following the significant drop in world prices of crude oil with Dubai crude, the Philippine benchmark, falling from a high of $31 to only $19 per barrel.

"We might even see a bigger price drop. But we still have to talk about that because we want to know what (the oil firms’) plans are," he said in a radio interview.
[DatePublished] => 2000-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 125565 [Title] => P1 posibleng rollback sa langis [Summary] => Binigyang pag-asa kahapon ni Energy Secretary Mario Tiaoqui ang publiko hinggil sa posibilidad na I-rollback o bawasan ng P1 ang presyo ng langis bawat litro sa Enero 2001.

"Baka later on, makikita natin na baka mas malaki pa ang pagbaba. Pero iyan ang

pag-uusapan namin dahil gusto naming malaman kung ano ang plano nila," sabi ni Tiaoqui sa isang panayam. Habang isinusulat ito kahapon, takdang magpulong ang mga opisyal ng Department of Energy para talakayin ang naturang usapin.
[DatePublished] => 2000-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [4] => Array ( [ArticleID] => 98213 [Title] => Tiaoqui denies sale of Tiwi-Makban assets [Summary] => Energy Secretary and National Power Corp. chairman Mario V. Tiaoqui categorically denied yesterday that the state-owned power firm has sold the steamfield assets of the Tiwi-Makban geothermal power complex to Power and Renewable Energy Corp. (PowerCorp), a joint venture between the Philippine Geothermal Inc. (PGI) and businessman Eusebio Tanco.

Neither have Napocor and PowerCorp. agreed on the price of the said assets and of the steam that will be supplied by the latter to the Tiwi-Makban power plants, he said.
[DatePublished] => 2000-12-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 98177 [Title] => Petron in the red by P2 B this year [Summary] => Industry leader Petron Corp. is in the red by P2 billion and its losses are still mounting due to its inability to raise its prices, Energy Secretary Mario V. Tiaoqui said yesterday.

In a radio interview, Tiaoqui pointed out that the prices of Dubai crude have increased by more than 200 percent since March 1999 while local oil companies were able to raise their pump prices by just a little over 60 percent over the same period.

In a recent report, Petron said it lost P1.5 billion in the first nine months and another P200 million in October alone.
[DatePublished] => 2000-12-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 98124 [Title] => Petrocorp runs out of funds, taps foreign strategic partner [Summary] => The Petrochemical Corp. of Asia-Pacific (Petrocorp.) has tapped a foreign strategic partner to help fund its shelved polypropylene plant.

Energy Secretary Mario V. Tiaoqui said Petrocorp officials admitted that they have fallen shor of funds and have sought the assistance of a financial strategic partner which was not identified.

"My conversation with Petrocorp chairman Antonio Garcia indicated that they have tapped a strategic partner for their plant," Tiaoqui said.
[DatePublished] => 2000-12-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 98127 [Title] => DOE to oil firms: Price hike now, rollback next mo [Summary] => If the oil companies increase their prices this month, the government will ask them to rollback their prices by the same amount next month, the Department of Energy (DOE) said yesterday.

In an interview, Energy Secretary Mario V. Tiaoqui said they have been talking with the oil companies individually in a bid to forestall any price adjustments this month. Tiaoqui said that if the oil companies insist on jacking up prices this month, "they will have to rollback the same amount next month."
[DatePublished] => 2000-12-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 97992 [Title] => 1-year suspension of specific tax on oil proposed [Summary] => Energy Secretary Mario V. Tiaoqui is proposing that the reduction of specific taxes on petroleum products be made effective for one year. At the same time, Tiaoqui’s suggesting that the President be granted "special powers" by Congress to reduce specific taxes whenever there is a need to.

The reduction in specific or excise taxes was recommended by government and the energy sector as open of several measures to forestall any increases in local pump prices.
[DatePublished] => 2000-11-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 98629 [Title] => Suspension of 3% excise tax eyed to keep oil prices down [Summary] => Oil companies are closely studying a proposal to suspend the three-percent excise tax on crude oil and its refined petroleum products.

"We are looking at the planned suspension of the excise tax as it would have a bearing on future price adjustments," said Oscar Reyes, country chairman of Pilipinas Shell Petroleum Corp.

He said the proposal may not have a major impact on prices but it will have a bearing on consumers as it could result in a reduction of P0.04 to P0.05 per liter in the prices of petroleum products.
[DatePublished] => 2000-10-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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