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...
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...
A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
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...
Factory-gate price growth slowed slightly in April from a three-year high reached the previous month, although manufacturing costs remained elevated amid lingering energy-related pressures stemming from the prolonged war in the Middle East. The Philippine Statistics Authority (PSA) reported on...
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...
Oil prices are projected to rise at a much slower pace next week than previously feared, tracking a late-week cooling in Asian refined product markets and the slight easing of geopolitical anxieties in the Middle East. Diesel retail prices are expected to increase by ₱0.40 to ₱0.60 per liter,...
Motorists face another round of fuel price increases next week, driven by persistent global supply disruptions and accelerating summer demand from the United States (US). Based on the first four days of trading under the Mean of Platts Singapore benchmark, retail diesel prices are projected to rise...
The Department of Trade and Industry (DTI) is optimistic that it will secure commitments from major manufacturers to hold off on price adjustments for the coming month, even as some companies are already pushing for hikes amid rising logistics costs. The DTI earlier reached a deal with makers of...
Motorists will need to ease up on the gas pedal as gasoline and diesel prices are expected to increase this week amid renewed geopolitical tensions. The Department of Energy (DOE) reported that gasoline prices will increase by ₱1.21 per liter, while diesel will go up by ₱2.82 per liter....
Puregold Price Club Inc. is leveraging its procurement scale to mobilize a coalition of more than 150 commercial brands, aiming to stabilize the supply chains of neighborhood retailers currently squeezed by persistent inflation. Puregold, the grocery giant led by Vincent Co., said the initiative...
