Gasoline prices up, diesel and kerosene down on Aug. 11
August 10, 2020 - Monday 5:08 PM by PNA
MANILA – Oil companies will adjust fuel prices starting Tuesday morning.
In separate advisories, Chevron, Cleanfuel, Flying V, Phoenix Petroleum, PTT Philippines, Seaoil and Shell will hike prices of gasoline by PHP0.25 per liter and will rollback diesel prices by PHP0.20 per liter.
Chevron, Flying V, Seaoil, and Shell will also reduce retail prices of kerosene products by PHP0.35 per liter.
Both West Texas Intermediate and Brent crude gain trade prices Monday at USD41.81 per barrel and USD44.87 per barrel.
According to IHS Markit, global benchmark Brent crude is expected to trade between USD40 to USD47 a barrel for the next four quarters if there is no major second wave infection of coronavirus disease 2019 (Covid-19).
Meanwhile, industry experts say the rising number of Covid-19 cases globally remains the dominant concern for oil demand outlook. Kris Crismundo
Lanao del Norte opens first COVID-19 testing laboratory
Kapatagan, Lanao del Norte - This province inaugurated on Wednesday, September 30, 2020 its first COVID-19 molecular testing laborat ...9 hours ago
PET asks Comelec, SolGen to give side on 2016 VP race row
MANILA – The Supreme Court (SC), acting as the Presidential Electoral Tribunal (PET), has directed the Commission on Elections (Comelec) ...23 hours ago
LPG prices up by P1 per kilo starting Oct. 1
MANILA – Prices of liquefied petroleum gas (LPG) have increased this month effective Thursday. In separate advisories, Petron ...6 hours ago
PH exporting okra to Japan for 30 years: MinDA exec
MANILA – Mindanao Development Authority (MinDA) Secretary Emmanuel "Manny" Piñol on Wednesda ...22 hours ago