Oil prices to soar after twin price cuts | ABS-CBN
Featured:
|
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Oil prices to soar after twin price cuts
Watch more on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.
Watch more on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.
Oil prices are set to go up on the third week of May after twin price cuts in the last 2 weeks, the Department of Energy said Friday.
Oil prices are set to go up on the third week of May after twin price cuts in the last 2 weeks, the Department of Energy said Friday.
Rodela Romero, DOE Oil Industry Management Bureau Director III, announced the following price increases next week based on four-day trading at Mean of Platts Singapore:
Rodela Romero, DOE Oil Industry Management Bureau Director III, announced the following price increases next week based on four-day trading at Mean of Platts Singapore:
Increase
Increase
Gasoline - P0.95-P1.40/liter
Gasoline - P0.95-P1.40/liter
Diesel P1.50-P2.00/liter
Diesel P1.50-P2.00/liter
Kerosene - P1.30-P1.40/liter
Kerosene - P1.30-P1.40/liter
Romero said the US-China agreement to slash sky-high tariffs for 90 days is expected to increase demand.
Romero said the US-China agreement to slash sky-high tariffs for 90 days is expected to increase demand.
US sanctions on nearly dozen companies involved in the Iran oil trade plus OPEC’s trimmed forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group also affected prices.
US sanctions on nearly dozen companies involved in the Iran oil trade plus OPEC’s trimmed forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group also affected prices.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
