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...
Motorists may need to shop around for the oil companies offering the lowest price adjustments this week, as the Department of Energy (DOE) announced a wide range of price movements for the end of June. Effective Tuesday, June 30, gasoline prices are expected to either decline by as much as ₱0.10...
This week’s substantial oil price rollbacks may be short-lived, as gasoline and diesel prices are expected to either flatten or rise by as much as ₱1 next week. Based on four days of trading in Mean of Platts Singapore (MOPS), diesel prices may either decrease by up to ₱0.70 per liter or...
Following the initial peace talks in the Middle East last week, petroleum products are set to post substantial price rollbacks across gasoline, diesel, and kerosene. Effective Tuesday, June 23, the Department of Energy (DOE) has prescribed a range of oil price adjustments to be implemented by oil...
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...
Local pump prices are on track for a big-time rollback next week, with diesel projected to drop by up to ₱9 per liter and gasoline by ₱5 due to the United States (US)-Iran peace deal, which will reopen the Strait of Hormuz, a critical global oil route. Based on the first three days of...
VICTORIA, Tarlac – The bodies of two individuals were found inside a parked vehicle in a gasoline station on the Tarlac-Pangasinan-La Union Expressway (TPLEX) in Barangay San Francisco, Victoria, Tarlac on Wednesday night, June 17. Police Col. Harry Lorenzo, Tarlac Provincial Police Office chief,...
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...
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...
