Local oil firms rolled back pump prices of gasoline, diesel and kerosene by as much as P1.40 per liter effective Tuesday, April 25, ending a three-week streak of increases. | MegINQ /PDI
The Department of Energy explained that oil prices again climbed the previous week due to inflation in the United States.
Global gasoline demand also rose to 9.10 million barrels per day, a 5.5-percent increase from the same period in 2022, according to the DOE. The price adjustments resulted in a year-to-date net decrease for diesel at P2.35 per liter and kerosene at P3.35 per liter. Gasoline, on the other hand, had a net increase of P8.95 per liter.
Filipinos were greeted with steep price increases in the beginning of April due mainly to supply cuts by OPEC+ oil producers by 1.6 million b/d.INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.Subscribe to our daily newsletter
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