Pump prices of gasoline, diesel and kerosene will be raised by P0.25 to P1.05 per liter starting Tuesday. | DYGalvezINQ
According to the Department of Energy, the two main reasons for the upward price adjustment are Russia’s plan to cut crude
production and the International Energy Agency’s announcement raising its global oil demand forecast for 2023. Price adjustments were anchored on the Mean of Platts Singapore , which is the pricing reference of the oil companies in the domestic deregulated downstream oil industry.Estimates were made based on the four-day trading average in the global oil market from Feb. 13 to 16.Your subscription has been successful.
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