The staggered price increase is intended to ease immediate inflationary pressure, especially on transport and agriculture sectors, according to the Department of Energy.
Petron Corporation posted a net income of P4.03 billion in the first quarter of 2025, holding steady despite lower global oil prices and weaker export sales.
Energy giant Petron Corp. has appointed Jacqueline L. Ang to its board of directors, bringing in a new generation leader with deep experience in procurement and finance.
Tycoon Ramon S. Ang-led Petron Corp. ended 2024 with solid growth, expanding its local and international reach despite market challenges. Revenues rose 8 percent to P867.97 billion, driven by higher sales and efficiency gains.
Conglomerate San Miguel Corp. (SMC) has cemented its status as a business leader, with TIME and Statista naming it and its subsidiaries—Petron Corp. and Ginebra San Miguel Inc. (GSMI)—among the top 500 companies shaping the Asia-Pacific region in 2025.
Tycoon Ramon S. Ang-led Petron Corp. secured a major legal victory as the Supreme Court denied with finality the state-run Philippine National Oil Co.'s (PNOC) motions over disputed landholdings, cementing Petron’s claim to strategically vital properties.
Petron Corp. posted a 12-percent rise in consolidated revenue to P657.93 billion, driven by a 12-percent increase in sales volume to 104.4 million barrels.