Diesel prices are rising again in early July, nearly erasing the massive rollback enjoyed by motorists weeks before the end of June. Effective Tuesday, July 7, diesel prices will rise by ₱1.57 to ₱3.57 per liter, while kerosene prices will increase by ₱1.70 to ₱3.70 per liter. Although...
Diesel prices are poised to rise by over a peso next week as Middle East outflows remain volatile. Based on Mean of Platts Singapore’s (MOPS) full-week trading, diesel prices could rise by ₱1.15 to ₱3.15 per liter, while gasoline prices could either ease by ₱1.70 or inch up by ₱0.30 per...
Factory gate prices accelerated further in May, bucking the easing in consumer inflation as higher manufacturing costs reached their fastest pace in more than three years, driven mainly by the electronics industry. The latest preliminary Philippine Statistics Authority (PSA) data on Tuesday, June...
Motorists are on track for major relief at the pumps next week, with diesel prices poised to plunge by up to ₱9.5 per liter and gasoline by up to ₱5.00 per liter as global oil markets cool down. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the regional...
Looming price hike in gasoline will pinch drivers next week, though diesel motorists will see some relief from an expected price rollback. Based on the first four days of regional commodity trading, retail diesel prices are projected to drop by ₱3.5 to ₱4 per liter next week, according to...
Despite signs that oil prices were returning to pre-conflict levels last week, motorists may need to ease off the gas pedal again due to another round of price hikes. Seaoil Philippines Inc. announced on Monday, June 8, that diesel prices will increase by ₱5.77 per liter this week, while gasoline...
A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
Renewed friction in the Middle East is set to hit transport networks next week with the projected spike in diesel prices, even as localized inventory buffers hand gasoline users the second straight weekly rollback. Based on the four-day average of the Mean of Platts Singapore (MOPS), the regional...
Factory-gate price growth slowed slightly in April from a three-year high reached the previous month, although manufacturing costs remained elevated amid lingering energy-related pressures stemming from the prolonged war in the Middle East. The Philippine Statistics Authority (PSA) reported on...
Motorists will need to brace for another round of over-a-peso fuel price hikes this week following the recent uptick in demand and the gradual easing of geopolitical tensions. According to the Department of Energy (DOE), gasoline will have a maximum price increase of up to ₱1.60 per liter, diesel...
Oil prices are projected to rise at a much slower pace next week than previously feared, tracking a late-week cooling in Asian refined product markets and the slight easing of geopolitical anxieties in the Middle East. Diesel retail prices are expected to increase by ₱0.40 to ₱0.60 per liter,...
Motorists face another round of fuel price increases next week, driven by persistent global supply disruptions and accelerating summer demand from the United States (US). Based on the first four days of trading under the Mean of Platts Singapore benchmark, retail diesel prices are projected to rise...
