Public Utility jeepney drivers line up to refuel at a gasoline station in West Avenue in Quezon City on September 18, 2023, bracing themselves for another price hike the following day. Jonathan Cellona, ABS-CBN News

OIL PRICE HIKE

Alvin Elchico

ABS-CBN News

MANILA -- The recent attacks of Israel and the Hezbollah against each other in the Middle East may wipe out the small reduction in the price of imported diesel, an oil industry stakeholder said on Friday.Jetti Petroleum President Leo Bellas expects prices of gasoline to increase next week, while diesel prices might remain as is or go higher due to the impact of the geopolitical tension on world market prices.Oil prices <a href="https://news.abs-cbn.com/business/2024/7/29/oil-prices-fall-as-july-ends-940">went down</a> in the last few days of July.<span id="isPasted" style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Department of Energy Asst. Director Rodela Romero had earlier said that the escalating conflict between Israel and Hezbollah may trigger a spike in international prices.LPG PRICES UPLPG players, meanwhile, have announced the following minimal price hike starting August 1:Petron: P0.30/kg increase Solane: P0.27/kgBut LPG manufacturers clarified that the price adjustment will not be implemented yet in Metro Manila and other areas under the state of calamity.Under the rules, the price freeze for LPG and kerosene will only last for 15 days. But it remains unclear when the actual price increase for LPG will be implemented, since each local government unit has a different declaration of calamity date.Metro Manila was placed under a state of calamity on July 24 due to the onslaught of typhoon Carina.<a href="https://news.abs-cbn.com/news/2024/7/24/dilg-recommends-metro-manila-state-of-calamity-due-to-typhoon-carina-1210">Metro Manila declares state of calamity due to Typhoon Carina</a><span id="isPasted" style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Oriental Mindoro, Batangas, Cavite, Bataan and Bulacan were also placed under a state of calamity.&nbsp;<a href="https://news.abs-cbn.com/news/2024/7/25/5-provinces-declare-state-of-calamity-due-to-habagat-carina-1347">5 provinces declare state of calamity due to habagat, Carina</a>

LPG PRICES UPLPG players, meanwhile, have announced the following minimal price hike starting August 1:Petron: P0.30/kg increase Solane: P0.27/kgBut LPG manufacturers clarified that the price adjustment will not be implemented yet in Metro Manila and other areas under the state of calamity.Under the rules, the price freeze for LPG and kerosene will only last for 15 days. But it remains unclear when the actual price increase for LPG will be implemented, since each local government unit has a different declaration of calamity date.Metro Manila was placed under a state of calamity on July 24 due to the onslaught of typhoon Carina.<a href="https://news.abs-cbn.com/news/2024/7/24/dilg-recommends-metro-manila-state-of-calamity-due-to-typhoon-carina-1210">Metro Manila declares state of calamity due to Typhoon Carina</a><span id="isPasted" style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Oriental Mindoro, Batangas, Cavite, Bataan and Bulacan were also placed under a state of calamity.&nbsp;<a href="https://news.abs-cbn.com/news/2024/7/25/5-provinces-declare-state-of-calamity-due-to-habagat-carina-1347">5 provinces declare state of calamity due to habagat, Carina</a>

Oil prices <a href="https://news.abs-cbn.com/business/2024/7/29/oil-prices-fall-as-july-ends-940">went down</a> in the last few days of July.<span id="isPasted" style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Department of Energy Asst. Director Rodela Romero had earlier said that the escalating conflict between Israel and Hezbollah may trigger a spike in international prices.

MANILA -- The recent attacks of Israel and the Hezbollah against each other in the Middle East may wipe out the small reduction in the price of imported diesel, an oil industry stakeholder said on Friday.Jetti Petroleum President Leo Bellas expects prices of gasoline to increase next week, while diesel prices might remain as is or go higher due to the impact of the geopolitical tension on world market prices.

Oil prices may rise in the first week of August, an oil industry stakeholder said.

Oil prices may rise in the first week of August, an oil industry stakeholder said.

Fuel prices seen rising amid Israel-Hezbollah conflict | ABS-CBN News

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Fuel prices seen rising amid Israel-Hezbollah conflict

Fuel prices seen rising amid Israel-Hezbollah conflict