After the recent round of fuel pump price reductions, motorists need to brace for an upward adjustment in the prices of petroleum products in the coming week.
In its fuel price forecast for the week of March 7 to 13, Unioil Petroleum Philippines said the price per liter of diesel may increase by P1.30 to P1.50.Citing oil trading in the past four days , an oil industry source told GMA News Online that diesel prices may be raised by P1.10 to P1.30 per liter while gasoline prices may rise by P0.05 to P0.25 per liter.
Oil companies usually announce price adjustments every Monday, to be implemented on the following day. Effective Tuesday, February 28, fuel firms implemented a per-liter decrease of P0.70 for gasoline, P1.30 for diesel, and P1.80 for kerosene. The latest price movement brought the year-to-date adjustments to a net decrease for diesel at P2.40 per liter and kerosene at P2.30 per liter.— DVM, GMA Integrated News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fuel price hike forecast next week, electricity rates to go up this monthDomestic pump prices may go up by up to P1.30 per liter for diesel and gasoline by P0.20 per liter
Read more »
Sunken tanker’s fuel cargo leaks into seaThe oil spill caused by a sunken fuel tanker has spread and reached the shores of several towns in Oriental Mindoro, increasing the risk of damaging fish sanctuaries in at least 21 marine protected areas managed by local communities. /PDI
Read more »
DBM allots P4-B fuel subsidies for transport, agriThe Department of Budget and Management (DBM) said the national government has allotted P4 billion to provide fuel assistance to transport workers and farmers this year.
Read more »
Maxwell, Fuel Masters stave off hard-fighting Elasto Painters | BusinessMirrorDU’VAUGHN MAXWELL filled the stats sheet for another all-around performance in Phoenix Super LPG’s 114-106 victory over an import-less Rain or Shine on Wednesday in Philippine Basketball Association Governors’ Cup at the Smart Araneta Coliseum. Maxwell finished with 15 points, 13 rebounds, four assists, five steals and five blocks for…
Read more »
Fuel from tanker blackens coastsClean-up efforts were under way on the blackened coasts of a central Philippine island Thursday after spillage from a sunken
Read more »
DBM: Fuel aid to farmer, transport groups ₧4B this year | Jasper Y. ArcalasTHE Department of Budget and Management (DBM) on Thursday confirmed that the national government has allotted a total of P4 billion to provide fuel assistance to transport workers and farmers this year to help them mitigate the impact of high oil prices. In a statement, the DBM said the funds…
Read more »