Tag page - OPEC

Motorists with gasoline-fed vehicles will have higher degree of financial torment in the coming week, as industry players are anticipating rise in prices for that commodity at the scale of P0.80 to P0.95 per liter. For diesel, the calculation of the oil companies would be a leaner price increase of...

LONDON (AFP) - Members of the oil cartel OPEC and their partners agreed Tuesday to raise output slightly in February and March, but only in Russia and Kazakhstan. Overall the amount of crude oil the group has voluntarily withdrawn from global markets is to decline from 7.2 million barrels per day...

It will be another period of added expenses for Filipino motorists next week as pump prices are anticipated to rise by P0.50 to P0.65 per liter across products. Based on the calculation of the oil industry players, gasoline prices will inch up by P0.50 to P0.60 per liter; while diesel will be...

Consumers will still need to allot more for their fuel budgets next week as pump prices will rise again, although at a leaner magnitude, based on the calculation of the oil companies. As estimated, the price of gasoline will go up by P0.20 to P0.25 per liter while diesel will have an increase of...

Hefty price hikes of more than P1.00 per liter across products will distress consumers’ pockets next week, and this could further squeeze budgets that Filipino families would be allotting for the Christmas holidays. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) Based on the initial calculation of...