With the start of the “BER” months—a common phrase for September through December—motorists are bracing for another round of fuel price increases by the end of August. Effective Tuesday, Aug. 26, gasoline prices will climb by another ₱0.70 per liter, while diesel will go up by ₱0.50 per...
Motorists may face a fuel price shake-up next week, with gasoline expected to rise amid strong demand, while diesel may see a rollback due to growing supply. Based on the four-day Mean of Platts Singapore (MOPS), gasoline per liter may increase somewhere between ₱0.40 and ₱0.60, while diesel...
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
Despite a slight drop in gasoline prices, diesel is expected to edge higher toward the end of July. Starting Tuesday, July 29, gasoline prices will be down by ₱0.10 per liter, while diesel will increase by ₱0.60 per liter. Kerosene prices will also jump by ₱0.40 per liter. Seaoil, Petro Gazz,...
After a week marked by two phases of price increases, motorists can finally expect a reprieve at the pump as oil prices are set to drop in the first week of July. Effective Tuesday, July 1, the price of gasoline will decrease by ₱1.40 per liter, while diesel will decrease by ₱1.80 per liter....
After a week of staggered price hikes at the gas pumps, fuel prices are expected to ease by the first week of July. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline is expected to go down by ₱1 to ₱1.40 per liter, while diesel may see a rollback of around ₱1.60 to...
Ride-hailing company Grab Philippines is rolling out a nationwide fuel discount program aimed at cushioning the impact of rising fuel costs on drivers and motorcycle taxi riders. In a statement on Wednesday, June 25, the company announced the launch of a fuel resilience package specifically...
NEW YORK — If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday afternoon in an historical move as traders bet that Iran’s decision to bomb a U.S. base in Qatar signals it is not planning to do the one thing that could really hurt America: Shut down the flow of oil...
The Department of Energy (DOE) announced on Monday, June 23, that the government has reached an agreement with oil companies for the staggered implementation of domestic petroleum price adjustments. In a statement, DOE Officer-in-Charge Sharon S. Garin said this measure was taken in response to...
HONG KONG — Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by $3.93, or 5.8 percent, to $71.97 per barrel. Brent crude, the international...
Motorists may need to tighten their belts in the first week of June, as fuel prices are set to increase. Starting Tuesday, June 3, gasoline prices will rise by ₱0.40 per liter, and diesel by ₱0.30 per liter. Kerosene, on the other hand, will decrease by ₱0.10 per liter. Shell Pilipinas,...
Mixed price movements in the gas pumps are expected in the first week of June. Based on the four-day Mean of Platts Singapore (MOPS), gasoline prices may either retain their current price or increase by up to ₱0.40 per liter. Diesel, on the other hand, is seeing an uncertain adjustment, as it...
