Big-time oil price hike next week: Diesel up by around ₱10, gasoline up over ₱3
8 Articles
8 Articles
Fuel prices to surge next week amid worsening US-Iran conflict
THE per-liter price of diesel is expected to surge by as much P10.50 and gasoline by P4.50 next week over the continuing political volatility in the Middle East.Local oil industry sources said on Friday diesel prices are projected to spike by P9.50 to P10.50, and gasoline is expected to jump by P3.50 to P4.50, based on the Mean of Platts Singapore, the pricing basis of refined petroleum in Southeast Asia.“World oil prices are trending upwards o…
A major price hike in petroleum products is expected next week. According to an oil industry source, the price of diesel could rise by as much as P10.50 per liter due to the resurgence of unrest in the Middle East.
Big-time oil price hike next week: Diesel up by around ₱10, gasoline up over ₱3
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products.Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local diesel prices are projected to rise by ₱9.50 to ₱10.50 per liter. Gasoline is also expected to increase, with forecasts pointing to an upward adjustmen…
The ₱1 fare increase demanded by transport groups following the massive oil price hike next week that will hit ₱10 is missing. The transport sector had earlier written to President Ferdinand Marcos Jr. requesting a ₱1 fare increase due to the impending ₱10 increase in the price of diesel per liter on Tuesday. Diesel is what most public utility vehicle (PUV) drivers use in their vehicles. According to MANIBELA Chairman Mar Valbuena, the fare incr…
There will be another big time oil price hike next week. This was announced by Department of Energy Oil Industry Management Bureau director Atty. Rhino Abad. Abad said the P3-4 pesos increase in the price of gasoline per liter is expected on Tuesday. P11-12 pesos per liter […]
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