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Oil firms to impose up to P0.40 per litre price hike this week

by UNTV News and Rescue   |   Posted on Monday, July 9th, 2018

MANILA, Philippines – Oil industry players are set to impose a P0.30 to P0.40 per liter increase in prices of gasoline this week.

The price hike also takes effect in diesel at P0.40 to P0.50 per liter while P0.60 to P0.70 per litre in kerosene.

The price increase is due to the adjustments in prices of oil in the international market. – UNTV News and Rescue

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Oil price cut set for next week

by UNTV News   |   Posted on Friday, November 23rd, 2018


MANILA, Philippines — A new oil price rollback on petroleum products is expected to take effect next week.

Based on industry players’ estimation, there will be a P 2.00 per liter price cut on diesel and P1.00 per liter price drop on gasoline.

However, these data may possibly change.

This will be the seventh time rollback on the prices of petroleum products. — UNTV News & Rescue

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More oil firms to roll back prices on Tuesday

by UNTV News   |   Posted on Monday, November 5th, 2018

Flying V, Total, Caltex, PTT Philippines and Pilipinas Shell have announced a price cut of P1.00 for every liter of gasoline and P0.90 on diesel starting at 6:00 a.m. Tuesday, November 6.

Caltex and Shell will also reduce their kerosene prices by P0.65 per liter.

At 6:00 a.m. today (November 5) Seaoil, Eastern Petroleum and Petro Gazz implemented a price roll back of P1.10 per liter of gasoline and P1.00 per liter of diesel.

Last Sunday (November 4), Phoenix Petroleum reduced its gasoline prices by P1.10 per liter and P1.00 for diesel.

This is the fourth consecutive week that oil firms have slashed prices of petroleum products.   — UNTV News & Rescue

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Oil prices seen to spike again next week

by UNTV News   |   Posted on Friday, September 28th, 2018


A price hike on petroleum products will likely strike again next week.

There will be an estimated per liter increase of P 1.00 for  gasoline;P1.34 on diesel and P1.09 for kerosene.

However, the data may possibly change in the coming days.

Department of Energy (DOE) said the price surge is caused by the current tension between the United States and Iran.

“Patuloy pa rin naman ang pagmomonitor ng Department of Energy sa kalakalan sa international market para makita natin na yung nangyayaring adjustment dito or development ay dala lamang ng international development,” said Oil Management Bureau Asst. Director Del Romero.


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