Close  

Pump prices of diesel, gasoline drop anew

/ 04:32 AM October 29, 2019

MANILA, Philippines — Pump prices of diesel eased for the fifth week straight on Tuesday while those of gasoline declined for the second week in a row as concerns about a possible global economic recession pushed down crude oil prices.

Shell, Seaoil, Phoenix, PTT Philippines and Total Philippines said they reduced prices of diesel by 10 centavos per liter and of gasoline by 45 centavos per liter.

ADVERTISEMENT

There was no change for kerosene. One month futures contracts for Dubai crude oil were seen tapering off toward the end of last week, settling at $58.91 per barrel as of Thursday from a week’s peak of $59.56. —Ronnel W. Domingo

FEATURED STORIES

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Fuel Prices, oil prices
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.