^

Business

Mixed oil price adjustments welcome 1st week of December

Ian Laqui - Philstar.com
December 1, 2023 | 7:09pm
Mixed oil price adjustments welcome 1st week of December
An attendant fills up the tank of a tricycle at a gas station in Kalayaan, Quezon City last Sept. 17, 2019.
The STAR / Michael Varcas

MANILA, Philippines — Oil companies are set to introduce mixed price adjustments on pump prices on Tuesday.

Citing four-day trading prices, Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero on Friday said that the price of diesel may decrease by P0.20 to P0.40 per liter. 

In contrast, gasoline prices may increase by P0.25 to P0.45 per liter.

Kerosene prices may retain or may also increase by P0.10 per liter. 

Last November 28, fuel companies increased diesel prices by P0.30 per liter and kerosene prices by P0.65 per liter ending a four-week straight of price rollbacks, while gasoline prices were retained.

Oil companies will announce their respective price adjustments on Monday, effective on Tuesday.

DIESEL

GASOLINE

INCREASE

KEROSENE

OIL PRICE WATCH

OIL PRICES

ROLLBACK
Philstar
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
Trump threatens to take back control of Panama Canal

Trump threatens to take back control of Panama Canal

10 hours ago
Incoming US president Donald Trump on Saturday slammed what he called unfair fees for US ships passing through the Panama...
Business
fbtw
Google counters bid by US to force sale of Chrome

Google counters bid by US to force sale of Chrome

1 day ago
Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address antitrust concerns by barring...
Business
fbtw
DA, OceanX partner for marine research, sustainability

DA, OceanX partner for marine research, sustainability

By Jasper Emmanuel Arcalas | 1 day ago
The Department of Agriculture has partnered with global ocean exploration non-profit OceanX to advance exploration and assessment...
Business
fbtw
Pinoys find ways to cope with rising prices – study

Pinoys find ways to cope with rising prices – study

By Catherine Talavera | 1 day ago
Sari-sari stores in the country saw double-digit increases in sales of seasoning and recipe mixes this year, highlighting...
Business
fbtw

The real Christmas story

By Francis J. Kong | 1 day ago
Here is an old material I have kept for some time credited to anonymity. I guess this is the best time for me to share this with you.
Business
fbtw
Latest
abtest

Fed spoils Christmas party

By Wilson Sy | 1 hour ago
The merrymaking and the parties on Wall Street turned somber last week as investors digested the Federal Reserve’s hawkish surprise.
Business
fbtw

Poor business model

By Boo Chanco | 1 hour ago
The Metro Manila condo oversupply, now equivalent to 34 months, is not surprising.
Business
fbtw

Holiday exodus

By Marianne Go | 1 hour ago
The Christmas and New Year holiday exodus out of the city began over the weekend and will likely last until the first week of January.
Business
fbtw
Nomura: BSP likely to deliver three rate cuts in early 2025

Nomura: BSP likely to deliver three rate cuts in early 2025

By Keisha Ta-Asan | 1 hour ago
The Bangko Sentral ng Pilipinas (BSP) will likely implement a series of 25-basis-point (bp) rate cuts during its first three...
Business
fbtw
Cebu Pacific boosts fleet with new aircraft

Cebu Pacific boosts fleet with new aircraft

By Elijah Felice Rosales | 1 day ago
Low-cost carrier Cebu Pacific has welcomed its 16th aircraft for the year, raising its wide-body fleet for long haul routes,...
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with