Fuel prices likely to rise anew next week, says DOE

Defining the News

Pump prices will likely go up for the second consecutive week of as much as P0.90 per liter due to the volatility in world oil prices.

“Domestic pump prices are expected to increase next week based on the four-day trading in MOPS The following are the estimated adjustments: gasoline – P0.30 to P0.60, diesel – P0.65 to P0.90, kerosene – P0.40 to P0.50 per liter,” DOE director Rodela Romero said Friday. She said the US crude inventory draw is also a “bullish signal indicating tightening global supplies.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

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.

P0.70/liter fuel price hike takes effect Tuesday—DOEDefining the News
Read more »

Mixed movements of fuel prices next week—DOEDefining the News
Read more »

US seizes Venezuela leader Maduro's planeDefining the News
Read more »

Irregularity eyed in P8b bidding of DepEd laptopsDefining the News
Read more »

ENTENG'S FURYDefining the News
Read more »

Hong Kong’s CS Capital buying 26.80% of Citystate bankDefining the News
Read more »