Oil prices are set to rise next week, driven by stronger global demand, seasonal maintenance at downstream facilities, and the recent conclusion of the United States (US) government shutdown. Based on the four-day Mean of Platts Singapore (MOPS) average, gasoline prices are projected to increase by...
Motorists are bracing for yet another increase in fuel costs this week as global supply constraints and sustained demand push local pump prices higher for the fifth consecutive week for gasoline. Fuel retailers on Monday, Nov. 3, announced price adjustments, with gasoline rising by ₱1.7 per...
Motorists will be hit with a big-time fuel price hike this week on the back of mounting global supply concerns driven by new sanctions on Russian oil giants and the prospect of increased worldwide demand. Effective Tuesday, Oct. 28, gasoline will increase by ₱1.20 per liter, while diesel will...
After a short break from rising costs, motorists should get ready for another jump in oil prices next week, as new global problems and sanctions on Russian oil push up the cost of crude. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel could get an increase of around...
Another wave of increase is expected next week, as fuel prices are expected to rise for the fifth consecutive week. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline could spike by around ₱1 to ₱1.20 per liter, while diesel could jump around ₱0.60 to ₱0.80 per liter....
Motorists will need to tighten their belts once more as fuel prices are anticipated to increase for the third week of September. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline could go up by ₱0.10 to ₱0.20 per liter, while diesel might increase somewhere between ₱0.30...
Motorists should brace for a potential fuel price increase next week, with per-liter costs for gasoline and diesel expected to rise by more than a peso due to global geopolitical tensions and sanctions. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the price of...
Filipinos are preparing for the festive season, but they 'll also face higher fuel prices at the pumps. Starting Tuesday, Sept. 2, gasoline will increase by ₱0.70 per liter, while diesel is set to climb by ₱1 per liter. Kerosene will also jump by ₱0.70 per liter. Major oil companies,...
Motorists will have to dig deeper into their pockets for gas and diesel starting next week, as local pump prices are poised for another round of increases. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could rise ₱0.40 to ₱0.60 a liter, while diesel may increase by ₱0.80 to...
With the start of the “BER” months—a common phrase for September through December—motorists are bracing for another round of fuel price increases by the end of August. Effective Tuesday, Aug. 26, gasoline prices will climb by another ₱0.70 per liter, while diesel will go up by ₱0.50 per...
Higher oil demand and ongoing geopolitical tensions are raising concerns about a potential fuel price spike in the final week of August. Based on the four-day trading average from the Mean of Platts Singapore (MOPS), gasoline prices could increase by ₱0.40 to ₱0.50 per liter. Diesel may also...
It’s going to be a bumpy ride in the first week of August, with gasoline prices set to rise by nearly two pesos. Effective Tuesday, Aug. 5, gasoline will increase by ₱1.90 per liter, while diesel will rise by ₱1.20 per liter. Kerosene is also set to jump by ₱1 per liter. Seaoil, Shell...
