MANILA – Shares of Petron Corporation (PSE:PCOR) opened slightly higher in today’s trading session at the Philippine Stock Exchange, leading other blue chips in the opening bell.
Petron Corporation’s stock was up 2.00 percent in the opening hour, pricing the share at Php7.14 apiece. About 2,100 shares were exchanging hands as of 9:40 a.m. today.
There was not material information disclosed today that can be attributed to the early rise of Petron Corporation’s stock.
Early this week though, the company announced that its diesel products – Turbo Diesel and DieselMax – now meet global Euro 4 fuel standards.
Euro 4 is a globally–accepted European emission standard for vehicles which require significantly low amount of sulfur (0.005% or 50 parts per million) and benzene (maximum of 1% by volume).
Meeting the global Euro 4 fuel standards means Petron becomes the first and only oil company in the Philippines capable of locally producing a full range of premium fuels that meet the cleaner and more efficient Euro 4 global standard. – BusinessNewsAsia.com