Hallelujah! More oil price cuts in 2nd week of May | ABS-CBN
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Hallelujah! More oil price cuts in 2nd week of May
Hallelujah! More oil price cuts in 2nd week of May
Good news, Kapamilya! Another round of oil price cuts is coming in the second week of May, right after the midterm elections, the Depatment of Energy said Friday.
Good news, Kapamilya! Another round of oil price cuts is coming in the second week of May, right after the midterm elections, the Depatment of Energy said Friday.
Assistant Director III Rodela Romero of the Oil Industry Management Bureau said the following price adjustments may be implemented on May 13:
Assistant Director III Rodela Romero of the Oil Industry Management Bureau said the following price adjustments may be implemented on May 13:
Decrease
Decrease
Gasoline – 30c to 75c/liter
Gasoline – 30c to 75c/liter
Diesel – P1.00 to P1.35/liter
Diesel – P1.00 to P1.35/liter
Kerosene – P1.35 to P1.40/liter
Kerosene – P1.35 to P1.40/liter
Increased production of 411,000 barrels a day by OPEC+ member countries plus uncertainty in the trade negotiations between US and China are affecting oil prices, she said.
Increased production of 411,000 barrels a day by OPEC+ member countries plus uncertainty in the trade negotiations between US and China are affecting oil prices, she said.
The new price adjustment comes a week after local oil companies slashed prices.
The new price adjustment comes a week after local oil companies slashed prices.
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