Prolonged happy days for consumers are here as prices at the petroleum pumps continue to fall this week with price of diesel products on P2.20 per liter rollback, while kerosene prices will also be trimmed by P2.50 per liter.
For gasoline products, however, the oil industry players said there will be “no price change” for this commodity in this round of cost movements.
The decline in prices at the domestic gasoline stations had been anchored on the swing of regional prices as referenced on the Mean of Platts Singapore , the pricing measure being adopted in the deregulated oil industry in the Philippines. And as diesel prices have been manifestly logging major reductions, that had been largely beneficial to the public transport sector given the relentless complaints of drivers that their take-home cash mostly eroded in the past months.
The seesaw in the costs of crude futures contracts had been apparent in the past trading days – with international benchmark Brent crude settling above $86 per barrel last Friday ; but it had softened anew to $85 per barrel as of Monday .
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diesel prices to roll back P2-P2.20/liter next week –UnioilExpect fuel prices to have mixed movements next week, oil industry player Unioil Petroleum Philippines, Inc. said on Saturday.
Read more »
Diesel, kerosene prices down for second straight week TuesdayMotorists will get a slight reprieve starting Tuesday, as oil firms announced another round of rollbacks to mark the second straight week of cuts in pump prices in petroleum products.
Read more »
Another oil price rollback set Feb. 14Heads up, motorists! ⛽️ Oil companies announce a reduction in prices of petroleum products starting tomorrow, Feb. 14. More details:
Read more »
Chito Miranda super happy sa surpresang brand new pickup truck ng asawang si Neri NaigLABIS ang sayang nadarama ng Parokya Ni Edgar frontman at vocalist na si Chito Miranda sa regalo sa kanya ng maybahay niyang si Neri Naig. Sa kanyang Instagram account ay ibinandera niya ang kanyang larawan kasama ang bagong sasakyan. “Niregaluhan ako ni Neri ng bagong sasakyan. Alam nya kasi na gusto ko talaga magkaroon ng […]
Read more »