Slight price cuts in fuel expected next week | ABS-CBN
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Slight price cuts in fuel expected next week
Slight price cuts in fuel expected next week
MANILA — Oil prices are falling for a third straight week this March, according to the Department of Energy.
MANILA — Oil prices are falling for a third straight week this March, according to the Department of Energy.
The following pump price cuts may be implemented on Tuesday, March 18, based on the previous trading days of Mean of Platts Singapore:
The following pump price cuts may be implemented on Tuesday, March 18, based on the previous trading days of Mean of Platts Singapore:
Gasoline No movement - P0.20/liter (decrease)
Gasoline No movement - P0.20/liter (decrease)
Diesel P0.20 - P0.40/liter (decrease)
Diesel P0.20 - P0.40/liter (decrease)
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Kerosene P0.40 - P0.60/liter (decrease)
Kerosene P0.40 - P0.60/liter (decrease)
OPEC+ has already confirmed the additional oil supply by April.
OPEC+ has already confirmed the additional oil supply by April.
Meanwhile, there is a weaker demand in oil due to signs of a possible economic turndown in the United States and other countries, said Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau.
Meanwhile, there is a weaker demand in oil due to signs of a possible economic turndown in the United States and other countries, said Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau.
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