outbrain
Close  

Pump prices of diesel down; gasoline unchanged

/ 03:24 AM January 14, 2020

MANILA, Philippines Pump prices of diesel went down by 20 centavos per liter while those for gasoline were unchanged as war jitters in the Middle East eased and concerns about a global oversupply returned.

Seaoil Philippines was the first to implement the price reduction on Monday.

ADVERTISEMENT

Following suit at 6 a.m. Tuesday were Petron, Pilipinas Shell, PTT Philippines, Total Philippines and Phoenix Petroleum.

Also, Petron, Shell and Seaoil reduced prices of kerosene by 30 centavos per liter. Brent crude oil, the global benchmark, fell from $68.91 per barrel on Jan. 6 to $65.12 per barrel on Jan. 13.

FEATURED STORIES

Dubai crude, the Asian bellwether, also fell from $64.75 per barrel on Jan. 6 to $64.29 per barrel as of Jan. 9.—Ronnel W. Domingo

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, oil supply
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 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.