After a series of increases, local oil industry sources said Friday that they expected a rollback in petroleum product prices in the coming week.
In an interview on Super Radyo dzBB, Department of Energy-Oil Industry Management Bureau Director Rino Abad said there was an expected decrease in the per liter prices of diesel, kerosene, and gasoline.For diesel and kerosene, Abad said the expected price reduction is over P1.50 per liter, while for gasoline, the projected decrease is not over P0.50 per liter.
Based oil trading in the past four days, an oil industry source told GMA News Online that the price per liter of diesel may be slashed by P2.10 to P2.40.Oil companies usually announce price adjustments every Monday, to be implemented the following day.in gasoline by P2.90, diesel P2.10 and kerosene P3.05.
Year-to-date adjustments stand at a net net increase of P17.80 per liter for gasoline, P29.40 per liter for diesel, and P24.35 per liter for kerosene.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rains to continue in Metro Cebu until Friday, says Pagasa MactanCEBU CITY, Philippines—Metro Cebu will experience scattered rain showers until Friday, January 6, 2023, before having improved weather conditions on Saturday until Sunday, January 7 to January
Read more »
Brownlee, Thompson fuel fiery comeback as Ginebra dumps Bay Area in Game 3ICYMI: Barangay Ginebra completes another one of its trademark comebacks to stun Bay Area as Justin Brownlee and Scottie Thompson come up with a bunch of clutch plays. PBAFinals
Read more »
LIST: Class suspensions on Friday, Jan. 6 due to inclement weatherMANILA, Philippines — A number of local government units declared class suspensions in public and private schools on Friday, January 6, due to inclement weather. Classes suspended at all
Read more »
Pagasa: Cloudy Friday with rain showers as LPA exits PARCloudy skies and rain will persist in most parts of the country on Friday even after a low-pressure area exited the Philippine area of responsibility, according to the Pagasa. | JMangaluzINQ
Read more »
Pagasa: Cloudy Friday with rain showers as LPA exits PARMANILA, Philippines — Cloudy skies and rain will persist in most parts of the country on Friday even after a low-pressure area exited the Philippine area of responsibility (PAR), according to the
Read more »