Companies will implement an additional P0.45 per liter for gasoline and kerosene and P1.70 per liter for diesel.
Caltex Petroleum Corporation will implement the price adjustments at 12:01 a.m. of April 19, while Shell Philippines and Seaoil will have it effective 6 a.m.The Philippines is experiencing a series of oil price hikes due to low supply as an effect of the ongoing invasion of Russia in Ukraine.Last March, the National Government started with the distribution of fuel subsidy for the transportation and agriculture sectors, which are badly affected by the looming crisis.
To cushion the impact especially to the poor families, President Rodrigo Duterte has ordered the distribution of additional P500 monthly cash aid to selected families. The government earlier said it is coming up with a more solid and long-term response to the fuel crisis that will benefit the people, especially the poor.
The Department of Energy said that in the event that Dubai crude reaches $120 per barrel, gasoline prices may reach P78.33 per liter, while diesel may increase to up to P68.97 per liter.SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.
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.
Fuel firms announce price hike after last week's rollbackOil companies separately announce per-liter price increases of gasoline by ₱0.45, diesel by ₱1.70, and kerosene by ₱0.45 effective 6 a.m. Tuesday, April 19.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Oil price hikes set next weekMotorists filling up diesel on their vehicles will bear heavier financial pain this week, as this commodity is expected to rise by P1.40 to P1.60 per liter, based on calculation. READ:
Source: manilabulletin - 🏆 25. / 51 Read more »
Herbosa reiterates importance of Covid-19 vaccines, booster anewNational Task Force against Covid-19 special adviser Dr. Ted Herbosa once again reiterated the importance of getting vaccinated and boosted against Covid-19 amid the emergence of new subvariants and the lingering threat of waning immunity.
Source: manilabulletin - 🏆 25. / 51 Read more »
Thompson, Brownlee star anew as Ginebra inches closer to PBA crownICYMI: Justin Brownlee produces another sterling performance, while Scottie Thompson delivers the goods late as Barangay Ginebra nails a 3-2 lead over Meralco in the PBA Governors' Cup finals. PBAFinals
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Dear Filipino voter: Can your choice for the next president handle these crises?The next president can protect you and your livelihood by preparing for these challenges in advance, setting clear policy directions and implementing strategic responses. PHVote WeDecide BBM-SARA for the win ❤💚❤💚 REMEMBER ,.... ABOVE ALL THINGS - WHO IS UNSEEN HOWEVER WHAT IS BEINGS FELT COUNTS SATISFACTORY HUMANE SA ISIP SA SALITA AT SA GAWA, HINDI MAHILIG SA SUNOD SA MAKABAGONG KAUTUSAN AT LARO 'O BATAS SA MUNDONG MAKASALANAN PINOY HINDI HINDI KA BOBO LALO'T TUMATALIMA SA MABUTING KAAYUSAN NG PAGKATAO,.... HINDING HINDI BABOY ANG KAPATID KO! MY BROS ARE SOME PIGS THEY ARE HARDWORKMANSHIP OF GOOD CREATOR'S WORKING WILL FOR HUMANKIND AUTHENTIC LOVE AND ORIGINAL LAWS BY HEAVENS
Source: rapplerdotcom - 🏆 4. / 86 Read more »
You have money, have you claimed it?This insurance company wants you to take your unclaimed benefits.
Source: manilabulletin - 🏆 25. / 51 Read more »