Retail pump prices are poised to drop during the first week of August following consecutive weeks of steep price hikes. Based on four-day trading data from the Mean of Platts Singapore—the regional benchmark for refined petroleum products—gasoline prices could decline by ₱1 to ₱1.5 per...
A delivery driver was arrested Thursday afternoon, July 30, after allegedly driving off without paying ₱450 worth of diesel at a gasoline station in Barangay Fairview, Quezon City. The incident happened at around 2:05 p.m. at a Petron gasoline station at the corner of Commonwealth Avenue and...
Motorists are expected to rush to gasoline stations on Monday, July 27, to beat another round of steep fuel price increases taking effect on Tuesday, July 28, with the anticipated queues likely adding to traffic on the day of President Ferdinand R. Marcos Jr.’s fifth State of the Nation Address...
Motorists will need to ease off the gas pedal once more, as oil price hikes are expected for the fourth time this month. Based on four-day Mean of Platts Singapore (MOPS) trading and foreign exchange (forex) averages, diesel prices may climb by around ₱6 to ₱6.50 per liter, while gasoline...
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
The Department of Energy (DOE) plans to replace its weekly fuel price guidance with a single, fixed price parameter to govern the next round of oil company pump price adjustments. This week, the DOE is setting the final range of fuel price adjustments, which will take effect on Tuesday, July 14....
Brace yourselves for a steep increase in fuel expenses next week as the squeeze on global middle distillate inventories and renewed geopolitical tensions in the Middle East threaten to push domestic diesel prices up by nearly ₱5 per liter. Based on the full-week trading averages of the Mean of...
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...
Tempered optimism over a Middle East peace agreement has left global oil trading volatile, positioning local fuel prices for another round of hikes next week as market anxiety outweighs diplomatic breakthroughs. Based on four-day trading of Mean of Platts Singapore (MOPS), diesel prices may...
