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

Davao Youth Join Poster-Making Contest Promoting Nutrition and Environmental Protection

DAVAO CITY (August 2) –– Twenty-five high school students from across the Davao Region showcased their creativity and...

DOLE: Work Permit Required for Children Under 15 Appearing in TV, Social Media Content

MANILA (August 2) – The Department of Labor and Employment (DOLE) has reminded employers, advertisers, content creators, and...

EU, Philippines Deepen Security and Defence Cooperation

High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the European...

PCC, DA-CAR Hold Dialogue to Strengthen Fair Competition in Highland Vegetable Supply Chain

The Philippine Competition Commission (PCC) and the Department of Agriculture-Cordillera Administrative Region (DA-CAR) held a policy dialogue on...