1 week Brace for another big-time oil price hike; about ₱2 per liter for diesel, gas MB |Biz
By Myrna Velasco Consumers will have to brace for massive increases in pump prices by Tuesday at the scale of ₱1.90 to ₱2.10 per liter for diesel; and ₱1.70 to ₱1.90 per liter for gasoline. For kerosene, another product essential for Filipino households and industries, its prices will even climb higher to the extent of ₱2.50 to ₱2.70 per liter, based on the calculation of the oil industry players. Higher prices will be enforced at the oil pumps by Tuesday (May 26), which is the usual course of the domestic downstream oil sector when it comes to weekly price movements. ... more