Gasoline price up, diesel rollback expected
OIL industry sources said on Friday, March 29, that fuel prices will go in opposite directions next week.
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OIL industry sources said on Friday, March 29, that fuel prices will go in opposite directions next week.
MANILA, Philippines - Iran has freed all 18 Filipino crewmembers of an oil tanker that was seized in the Gulf of Oman in January, the Philippine government said yesterday.
MANILA, Philippines — Amid the Holy Week travel period, hefty fuel price hikes have been implemented.
(UPDATE) FUEL prices skyrocketed Tuesday, March 26, due to speculations resulting from a number of factors, including Ukraine's assault on three refineries in Russia. Shell, Seaoil, Cleanfuel, Caltex, PTT Philippines, PetroGazz, Jetti Petroleum, Unioil and Flying V jacked up the prices of their gasoline products by P2.20 per liter and diesel by P1.40 per liter. Likewise, kerosene prices soared by P1.30 per liter. The Department of Energy-Oil Industry Management Bureau said the reason for the big increases was mostly driven by speculation regarding the impact of Ukraine's recent assaults on three big refineries in Russia, the reduction of Iraq crude exports, the big draw from US crude and gasoline stockpiles, and the stronger demand and economic growth of the US and China.
MANILA, Philippines — As travel peaks for the Holy Week, hefty fuel prices are expected.
MANILA, Philippines — New-look Philippines put up its best effort against powerhouse home team Iraq but ended up empty-handed in a 0-1 defeat in the FIFA World Cup Qualifiers Thursday night in front of a 63,750-strong crowd at the Basra International Stadium.
MANILA, Philippines — Oil firms are expected to increase fuel prices during the upcoming Holy Week.
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