February opens with mixed movement in fuel prices | ABS-CBN
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February opens with mixed movement in fuel prices
February opens with mixed movement in fuel prices
MANILA — Cuts in diesel prices are expected while gasoline prices will continue to increase as February begins, according to the the Department of Energy.
MANILA — Cuts in diesel prices are expected while gasoline prices will continue to increase as February begins, according to the the Department of Energy.
The following mixed oil price movement are seen to take effect on Tuesday, February 4:
The following mixed oil price movement are seen to take effect on Tuesday, February 4:
Gasoline - P0.60 to P0.80 per liter increase
Gasoline - P0.60 to P0.80 per liter increase
Diesel - P1.30 to 1.50 per liter decrease
Diesel - P1.30 to 1.50 per liter decrease
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Kerosene - P0.70 to P0.90 per liter decrease
Kerosene - P0.70 to P0.90 per liter decrease
DOE's Oil Industry Management Bureau director Rodela Romero said on Friday that an increase in US oil inventory influenced the price adjustment.
DOE's Oil Industry Management Bureau director Rodela Romero said on Friday that an increase in US oil inventory influenced the price adjustment.
Industry experts noted that the market must also look out to the impact of US President Donald Trump’s tariff threats against Mexico and Canada, and the Chinese New Year. — with a report from Alvin Elchico, ABS-CBN News
Industry experts noted that the market must also look out to the impact of US President Donald Trump’s tariff threats against Mexico and Canada, and the Chinese New Year. — with a report from Alvin Elchico, ABS-CBN News
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