After a big-time reduction in fuel pump prices, motorists may need to brace for an upward adjustment in the prices of petroleum products in the coming week. Citing oil trading in the past five days…
After a big-time reduction in fuel pump prices, motorists may need to brace for an upward adjustment in the prices of petroleum products in the coming week.
Citing oil trading in the past five days , an oil industry source said that the price per liter of diesel may increase by P0.30 to P0.50.Oil companies usually announce price adjustments every Monday, to be implemented on the following day. Effective Tuesday, January 10, fuel firms implemented the second adjustment for the year —a decrease in gasoline by P0.75 per liter, diesel by P2.80 per liter, and kerosene by P2.10 per liter.
The latest price movement resulted in a total adjustment this year to stand at a net increase of P2.15 per liter for gasoline, and P0.95 per liter for kerosene; diesel at a net decrease of P0.70 per liter.
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