Gasoline prices back up 1st week of Sept | ABS-CBN
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Gasoline prices back up 1st week of Sept
Gasoline prices back up 1st week of Sept
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Bad news, Kapamilya. Gasoline and kerosene prices are set to increase on the first week of September, the Department of Energy said Friday. This, after oil prices fell by almost P2/liter just this week.
Bad news, Kapamilya. Gasoline and kerosene prices are set to increase on the first week of September, the Department of Energy said Friday. This, after oil prices fell by almost P2/liter just this week.
The latest tentative price adjustments are as follows:
The latest tentative price adjustments are as follows:
Gasoline – P.020- P0.45/liter
Gasoline – P.020- P0.45/liter
Diesel – no adjustment or increase of P0.20/liter
Diesel – no adjustment or increase of P0.20/liter
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Kerosene – P0.45 to P0.55/liter
Kerosene – P0.45 to P0.55/liter
Rodela Romero, Assistant Director of the DOE Oil Industry Management Bureau, said demand worries in the US and China, the geopolitical conflict in the Middle East, and a stop in the oil production in Libya are contributing to the latest pump price increase.
Rodela Romero, Assistant Director of the DOE Oil Industry Management Bureau, said demand worries in the US and China, the geopolitical conflict in the Middle East, and a stop in the oil production in Libya are contributing to the latest pump price increase.
A cut in interest rates by the U.S. Federal Reserve by September is also expected to affect oil prices.
A cut in interest rates by the U.S. Federal Reserve by September is also expected to affect oil prices.
“Mukhang makakaranas tayo ng increases sa presyo ng produktong petrolyo,” she said in a TeleRadyo Serbisyo interview.
“Mukhang makakaranas tayo ng increases sa presyo ng produktong petrolyo,” she said in a TeleRadyo Serbisyo interview.
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