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...
NEW YORK — High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world’s...
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...
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...
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
Consumers face a split at the pumps next week as regional market volatility drives a significant decline in diesel prices alongside a projected increase in gasoline. Based on the first four days of trading under the Mean of Platts Singapore (MOPS) benchmark, diesel prices are expected to drop by...
Tensions in the Middle East are threatening to derail a cooling trend in global energy markets, as fresh supply disruptions at critical chokepoints signal a potential return to volatility for Filipino consumers. While initial trading early in the week pointed toward significant relief at the pump,...
Israeli Ambassador to the Philippines, Dana Kursh, renewed calls for peace and de-escalation in the Middle East, warning that escalating tensions involving Iran are already impacting global stability and economies, including the Philippines. During a media brunch she hosted on April 23, Kursh said...
Diesel prices are set for another substantial reduction next week as regional benchmarks retreat, though renewed Middle Eastern volatility threatens to stall the downward momentum in gasoline prices. Based on the first three days of trading for the Mean of Platts Singapore (MOPS), the regional...
Fuel retailers are on track to extend their streak of price rollbacks next week, though the pace of the decline is projected to moderate amid tightening regulatory environment and persistent Middle East volatility. Based on the first two days of trading for the Mean of Platts Singapore (MOPS), the...
New York-based Moody’s Analytics expects the Bangko Sentral ng Pilipinas (BSP) to stand pat at this week’s policy meeting, despite a slightly worsening inflation outlook following the March price uptick. Analysts at Moody’s Analytics wrote in a commentary last Friday, April 17, that...
High energy prices and persistent geopolitical instability are poised to deepen the Philippines’ external imbalances, heightening depreciation risks for an already fragile peso, according to analysts at Dutch financial giant ING ING wrote in its latest report, published last Friday night, that it...
