Motorists will get a temporary reprieve from the continuous hikes of pump prices of petroleum products, as firms are set to implement a rollback this week, albeit only less than 10% of the increases so far this year.
Motorists will again have to pay more for petroleum products which are now near P100 per liter, as oil firms announced another round of price hikes to mark the fourth straight week of increases for gasoline, and fifth for both diesel and kerosene.
Senator Imee Marcos on Tuesday, June 21, asked the Department of Energy (DOE) for its proposal to help sectors badly affected by the increasing fuel prices.
Senator Imee Marcos (Senate of the Philippines) Marcos, chairwoman of the Senate economic affairs committee, said the proposal for nuclear
Senators to refile bill on suspension of fuel tax philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
File photo MANILA - Another round of oil price hikes will be implemented starting Tuesday morning (June 21), with the highest increase in the cost of diesel, commonly used by public utility vehicles. In separate announcements, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell said there will be an increment of PHP0.80 per liter on gasoline, and PHP3.10 per liter on diesel prices. Caltex, Seaoil, and Shell will also raise kerosene prices by PHP1.70 per liter. Since the start of the year, gasoline prices have had a net increase of PHP27.95 per liter, PHP40.05 per liter for diesel, and PHP37 per liter for kerosene. Energy Undersecretary Gerardo Erguiza Jr. said during the Laging Handa public briefing the weaker peso last week has affected the prices of fuel products this week. "Our multiplier in dollars. you will multiply it per barrel so there will be an increase in net effect. That's one reason why it really went up slightly again -because your dollar wen