
OIL PRICE HIKE / MAY 25, 2020 A gasoline attendant grabs the fuel nozzle at a gas station in Kalayaan Avenue, Quezon City on May 25, 2020. A drastic fuel price hike is expected to take effect on May 26 to June 1 with an increase in diesel prices by more than P2.30 per liter and gasoline by more than P1.90 per liter. The hike does not include the impact of the additional 10 percent duty on all crude petroleum oil and refined petroleum products under Executive order 113 to help bolster government revenues to fight Covid-19. INQUIRER PHOTO / NINO JESUS ORBETA
MANILA, Philippines – Mixed fuel price movements are expected on October 14, with only gasoline prices set to increase this week.
In an advisory released on Monday, Seaoil announced that the price of gasoline will go up by 30 centavos per liter.
“Gasoline remained supported due to an uptick in domestic demand from China and India, and healthy spot…,” the advisory stated.
https://business.inquirer.net/552354/gas-prices-up-kerosene-down-this-week