Diesel to rise by more than P1.00/liter next week

25/06/2022 8:45:00 PM

The Nation's Leading Newspaper

Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies.

The Nation's Leading Newspaper

Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies.Industry players estimated that diesel prices will increase by P1.05 to P1.20 per liter while kerosene will go up by P0.10 to P0.20 per liter due to the combined impact of international price swings as well as the falling value of the Philippine peso versus the US dollar,

For gasoline prices, oil firms initially calculated a reduction of P0.05 to P0.10 per liter, but if premium charges will be added, the resulting price will either be increase or there will be no movement in prices by Tuesday, June 28.The domestic market keenly monitored the movement of international oil prices in last week’s trading, as well as the fluctuation of the foreign exchange rate; wherein the peso hovered just a shy away from P55 to the greenback.

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Diesel prices seen to go up next week by at least P1.10/liter; gasoline may go up or downMotorists may expect an increase in the prices of diesel in the coming week, and either a hike or rollback in the prices of gasoline based on forecasts from an oil industry source and a fuel company. Lol 😟 next time no one will use their cars anymore 😈 Ouch! Unending skyrocket of fuel prices. 😫 Magbike nalang or walk, good for the heart pa! 🏃‍♀️ May go up or down?! Pa-suspense pa. 🤦🏻‍♂️😳🤬

Price hike seen for diesel, kerosene next week due to weak peso —DOE execMotorists should brace for another increase in the prices of diesel and kerosene next week due to the Philippine peso&39;s current performance against the US dollar.

Oil price hike seen anewPRICES of diesel are seen to increase again to “a little over P1” next week due to the current performance of the Philippine peso against the US dollar.Department of Energy Oil...

Diesel prices seen to go up next week by at least P1.10/liter; gasoline may go up or downMotorists may expect an increase in the prices of diesel in the coming week, and either a hike or rollback in the prices of gasoline based on forecasts from an oil industry source and a fuel company. Lol 😟 next time no one will use their cars anymore 😈 Ouch! Unending skyrocket of fuel prices. 😫 Magbike nalang or walk, good for the heart pa! 🏃‍♀️ May go up or down?! Pa-suspense pa. 🤦🏻‍♂️😳🤬

Price hike seen for diesel, kerosene next week due to weak peso —DOE execMotorists should brace for another increase in the prices of diesel and kerosene next week due to the Philippine peso&39;s current performance against the US dollar.

Myrna M.James A.According to an oil industry source, the prices of diesel may go up by P1.Published June 24, 2022 9:22am Motorists should brace for another increase in the prices of diesel and kerosene next week due to the Philippine peso's current performance against the US dollar.

Velasco Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies. Industry players estimated that diesel prices will increase by P1.8 billion expansion of its residential project in Sto.05 to P1.05 per liter.20 per liter while kerosene will go up by P0. In a disclosure to the Philippine Stock Exchange, IDC said it has entered into an unincorporated Joint Venture Agreement with Lanvin for the purpose of developing an area of 5,347 square meters into Phase 2 of its Miramonti Green residences Project.10 to P0. "Ngayong week bumaba ang ating trading prices ng gasoline, diesel at kerosene.

20 per liter due to the combined impact of international price swings as well as the falling value of the Philippine peso versus the US dollar, For gasoline prices, oil firms initially calculated a reduction of P0. IDC’s master plan for its Miramonti Project consists of a Phase 1 and a Phase 2.40 per liter, and those of gasoline may hike up by P0.05 to P0.10 per liter, but if premium charges will be added, the resulting price will either be increase or there will be no movement in prices by Tuesday, June 28. IDC will develop the area into a condominium project, specifically Phase 2 of Miramonti Green Residences. The domestic market keenly monitored the movement of international oil prices in last week’s trading, as well as the fluctuation of the foreign exchange rate; wherein the peso hovered just a shy away from P55 to the greenback. Atty. Based on the monitoring of the Department of Energy (DOE), the local currency had devalued by average P1.8 billion. On Thursday, the to close at P54.

04 last week to P54.41 versus P53. Lanvin will be entitled to sufficient number of units corresponding in value to P58 million valued at pre-selling price. On Tuesday, June 21, fuel companies  the prices per liter of gasoline by P0.36 the previous week. Prior to the next round of adjustment, DOE’s monitoring report showed that price movements since the start of the year still incurred net increases of P44. Last January, IDC ventured into the economic market segment of the residential real estate sector with the launch of a P1.25 per liter for diesel; P39.70, marking the third straight week of fuel price hikes." — KBK, GMA News.

65 per liter for kerosene; and P29. The firm said the project is called the Verona Green Apartments and will consist of a series of four-storey walk-up green buildings, offering both residential and commercial space.50 per liter for gasoline. In the regional market, gasoline prices had been down by $3. The new project site is located near IDC’s existing developments (Primavera Residences and Primavera City), enabling the company to leverage its well-established knowledge of the local area and its dynamic market conditions.11 per barrel; diesel by $0.69 per barrel; and kerosene by $3. We’re lucky that we have been able to continue strongly with sales, operations, and business development during the pandemic years of 2020 and 2021, and this new project is one of the outcomes of that business development thrust,” IDC Chairman and CEO Romolo Nati said.

09 per barrel; but the forex devaluation had eaten up what could have been expected as price rollbacks at the domestic pumps next week. Globally, benchmark Brent crude was almost steady last week at $112 per barrel level; but experts have been projecting continued turbulence in oil markets, hence, there are no certainties that the downtrend in prices will be sustained in the weeks ahead.. The Marcos administration has yet to appoint the next Energy Secretary, but one of the major policies being lobbied this early include fuel cost unbundling or the segregation of cost items being passed on to evoke pricing transparency to the paying consumers. There are also proposals to revive the Oil Price Stabilization Fund (OPSF) to cushion radical price spikes; as well as the setting up of strategic petroleum reserve (SPR) which the country can draw on for supply in cases of ‘extraordinary events’ in oil markets. .