The landed cost of crude in the Dubai market yesterday went down to a historic low of $ 11.02 per barrel, while the peso-dollar exchange rate continued to gain strength.
12.
Energy Secretary Francisco Viray said the landed cost of crude oil would have to fall to back to the $ 13 level for the buffer fund to stop bleeding funds.
13.
Petron Corp . has asked the ERB to allow at least a P0.9663 a liter price rise due to the higher landed cost of crude brought about by the peso's fall.
14.
The landed cost of crude in the Dubai market yesterday went down to a historic low of $ 11 . 02 per barrel, while the peso-dollar exchange rate continued to gain strength.
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The formula will either take into accountchanges in crude landed cost ( CLC ), changes in Singapore Posted Prices ( SPP ), or the change in the Singapore Import Parity ( SIP ).
16.
Petron Corp . has asked the ERB to allow at least a P0 . 9663 a liter price rise due to the higher landed cost of crude brought about by the peso's fall.
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The import of 1.5 million tonnes of wheat at a landed cost of over Rs700 per quintal ordered by the predecessor UF government has brought down the domestic prices to below Rs500 per quintal.
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Caltex ( Philippines ) Inc . sought a P1.9397 / liter increase, based on underrecoveries due to the peso's drop, increased landed cost of crude, the 10 % duty and the P1 special levy.
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"The effect of the devaluation will be to increase the peso landed cost of imported products and reduce other income, " said a report on Petron by UBS Securities ( East Asia ) Ltd.
20.
Caltex ( Philippines ) Inc . sought a P1 . 9397 / liter increase, based on underrecoveries due to the peso's drop, increased landed cost of crude, the 10 % duty and the P1 special levy.
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