Defining the News
Another bitter-sweet moment awaits consumers as Manila Electric Co. gets set to implement a “slight upward adjustment” in power rates this month even after local oil firms substantially rolled back fuel prices today.
Meralco vice president and head of corporate communications Joe Zaldarriaga said certain developments derailed their previous forecast of an electricity price reduction. The transmission charge increase more than offset the P0.0503 per kWh reduction in the generation charges, Zaldariaga explained. Meanwhile, local oil companies implemented a “big time” oil price rollback, slashing pump prices of gasoline by some P2.45 per liter, kerosene by P2.40 per liter, and diesel by P1.90 per liter effective early Tuesday morning.
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.
France, PH may sign VFA-like defense accord in SeptemberDefining the News
Read more »
DTI, DA start monitoring rice prices amid lowered tariffDefining the News
Read more »
Senate to probe P300k for fake birth records, 200 ‘Alice Guos’Defining the News
Read more »
NIA will need at least P200b yearly to fund irrigation projects across the countryDefining the News
Read more »
Senate team nabs accountant of Mayor GuoDefining the News
Read more »
Trump injured after loud bangs heard in incident at Pennsylvania rallyDefining the News
Read more »