7 months Big-time hikes in pump prices next week MB |Biz
By Myrna Velasco Prices at Philippine pumps are preparing for another round of big-time hikes next week – with the per-liter-cost of gasoline products rising by estimated P1.15 to P1.35 per liter, according to the estimates of industry players. (MARK BALMORES / MANILA BULLETIN) For diesel, which is considered a more socially sensitive product generally used by the public transport, the calculated upward adjustments could be in the range of P0.80 to P1.00 per liter; while kerosene prices will increase by P0.95 to P1.15 per liter. The new round of price hikes in domestic prices kept pace with the rally ... more