Gasoline prices up, diesel rollback after Holy Week

Date:

Share post:

Prices of gasoline is expected to increase after the Holy Week while expect a rollback in the prices of diesel, oil industry players manifested during the weekend.

Oil players forecasted that during the first week of April, gasoline prices are expected to increase by P0.30 to P0.50 per liter. While Diesel prices are expected to decrease by P0.55 to P0.75.

There is no Mean of Platts Singapore (MOPS) trading on Friday, according to the oil industry source.

Mean of Platts Singapore is a pricing basis for many refined products in Southeast Asia. It refers to the average price reported by the price assessment agency Platts for a product in the Singapore trading hub. For most refined products, MOPS is the benchmark price for the Asia market.

RIZAL MEMORIAL COLLEGEspot_img

Related articles

Vatican official to Catholic digital missionaries: Build communion, not clicks

MANILA  (September 13) — In a digital world where influence is often measured in followers, views and likes,...

Mindanao first to host two LegisHear legs as House brings consultations to South Cotabato

KORONADAL CITY  (September 13) — Mindanao became the first major island group to host two legs of the...

108 foreign observers to monitor first BARMM parliamentary polls

MANILA  (September 13) — At least 108 foreign nationals representing international organizations and diplomatic missions will monitor the...

Thunderstorm Watch Issued Over Davao, Northern Mindanao

DAVAO CITY  (September 13) — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) Mindanao PRSD has issued...