c88 game Fuel price hikes poised for next week
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MANILA, Philippines — After cutting fuel prices by up to 90 centavos per liter in the first days of the new year, oil companies are expected to resume increases in the prices of petroleum products starting Jan. 7.
Rodela Romero, Department of Energy-Oil Industry Management Bureau assistant director, predicted a P1 increase in fuel prices.
Article continues after this advertisementShe said gasoline could go up by 40 centavos to 70 centavos per liter, while kerosene prices may rise by 70 centavos to 80 centavos a liter.
FEATURED STORIES BUSINESS BIZ BUZZ: Sobrepeña group not waving white flag BUSINESS Dec 2024 inflation pegged at 2.7% BUSINESS DBS raises PH GDP growth forecast to 5.8%Diesel may get the highest increase ranging from 75 centavos to P1 per liter.
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vegas x slotsArticle continues after this advertisementMeanwhile, in a separate advisory on Saturday, Jetti estimated even higher price increases, with diesel climbing by P1.20 to P1.40 a liter.
Article continues after this advertisementGasoline prices are also seen to inch up by 80 centavos to P1 per liter.
The budget carrier on Wednesday said it received an A320neo (new engine option) at the Ninoy Aquino International Airport (Naia) on Sept. 13. Cebu Pacific was to receive a total of 18 aircraft this year.
The Pangilinan-led telco player is set to pay the complainants $3 million in total. “The settlement contains no admission of liability, fault or wrong doing by any defendant,” the company said in a statement on Thursday.
Romero attributed the fuel price hikes to the production cuts slated until April of this year as the United States and Europe faced potentially severe cold blasts in January boosting demand for heating fuels.
—LISBET K. ESMAELSubscribe to our daily newsletter