For kerosene, another product essential for Filipino households and industries, its prices will even climb higher to the extent of ₱2.50 to ₱2.70 per liter, based on the calculation of the oil industry players.
Aggravating the financial burden of consumers would be the highly anticipated rise in the cost of cooking fuel liquefied petroleum gas that will be implemented starting June 1. The international benchmark Brent crude already climbed to the level of US$35 per barrel in recent trading days, compared to US$31 to US$32 per barrel the previous week.
When it was first calculated by the government, the increases from hiked import duty should have been at ₱0.62 to ₱0.80 per liter, but given the increases in the past weeks, oil firms indicated that the increase could hover at ₱1.00 to ₱1.50 per liter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big-time dagdag-presyo, nagbabadya sa ika-3 sunod na oil price hikeEXCUSE ME. Oil Companies bought their oil LAST MONTH when WORLDWIDE, OIL prices were DOWN, so are Filipinos so STUPID to accept these RISING prices of PHIL OIL COMPANIES? WAKE UP: DOE, DOT & other REGULATORY GOVT agencies! Gising! GINAGAGO na naman ang mga PINOY!
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Are oil prices over the worst of the crisis?While oil prices are recovering from historic lows, the market remains vulnerable to a much-feared second wave of coronavirus infections – and lockdowns. It's got Nothing to do with a hoax Virus..it's an oil war between Russia and Saudi Arabia..dickheads
Source: rapplerdotcom - 🏆 4. / 86 Read more »
WATCH: Trailer for Christopher Nolan’s ‘Tenet’The director of “Dunkirk” and Batman’s “Dark Knight” trilogy returns this July with another big-budget, mindboggling thriller in the vein of “Inception” and “Interstellar.” | AFP
Source: inquirerdotnet - 🏆 3. / 86 Read more »
DTI warns hoarders, profiteers despite lift on price freezeCITY OF SAN FERNANDO, Pampanga – The Department of Trade and Industry Regional Office 3 (DTI-3) will continue to run after profiteers and hoarders of essential goods despite the recent lifting of the Automatic Price Control or Price Freeze on basic and prime commodities, as mandated by Republic Act 7581 or Price Act. Pasok ba dito yung nagtitinda ng alak na doble presyo? :/
Source: manilabulletin - 🏆 25. / 51 Read more »
As big cats go hungry, Indonesia zoo considers 'worst-case' deer cull
Source: ABSCBNNews - 🏆 5. / 83 Read more »
On PBS’ ‘Asian Americans’ series and Larry Itliong’s priceIf you saw the PBS documentary, “Asian Americans,” then you got a big gulp of history over two days. And there was even Filipino parts, with my radar going off from the beginning. The whole shebang kicks off with a personal story of an ancestor of one of the Igorots brought to the U.S. to …
Source: inquirerdotnet - 🏆 3. / 86 Read more »