There will be an extended heavier financial burden on motorists filling up their vehicles with gasoline products next week, as the price of this commodity will rise again by P0.55 to P0.85 per liter, based on the calculation of the oil companies. READ:
There will be an extended heavier financial burden on motorists filling up their vehicles with gasoline products next week, as the price of this commodity will rise again by P0.55 to P0.85 per liter, based on the calculation of the oil companies.
The oil companies will implement the cost movements at the domestic pumps on Tuesday , as anchored on the swing of prices of the Mean of Platts Singapore for regional trading of fuel commodities. Global oil prices have been on a seesaw, with end-week trading finished high on news that China may finally be relaxing its zero-tolerance Covid policy, potentially driving up overall demand moving forward.
However, since there is no definitive timeline set yet on when the full relaxation of China’s Covid restrictions, the overall market outlook remained predominantly guarded.
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