Oil companies poised to raise fuel prices anew | Inquirer News

Oil companies poised to raise fuel prices anew

/ 05:10 AM June 18, 2022

Oil companies are expected to implement another fuel price increase next week but not as hefty as in the past weeks.

FILE PHOTO

Oil companies are expected to implement another fuel price increase next week but not as hefty as in the past weeks.

An industry source said companies may jack up the price of diesel by P2 to P2.30 per liter and gasoline by 20 to 50 centavos per liter, based on the Mean of Platts Singapore (MOPS) from June 13 to 16.

ADVERTISEMENT

MOPS is the regional pricing benchmark for refined oil products.

FEATURED STORIES

Rino Abad, bureau director of the Department of Energy’s Oil Industry Management, said the pump prices could have gone up further if not for the quarantine restrictions in China.

Data showed that the price of gasoline in Metro Manila ranges from P79.80 to P91.65 per liter while diesel is sold for P83.95 to P92.35 per liter as of June 16. —Jordeene B. Lagare

RELATED STORY:

Pump prices of fuel may reach P100 per liter

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Economy, fuel prices, gas, Petroleum

Your subscription could not be saved. Please try again.
Your subscription has been successful.

News that matters

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 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.