89 0 0 3 min to read

Diesel and kerosene prices will increase significantly before Christmas.

Less than a week before Christmas Day, oil firms will start charging significantly more for gasoline, diesel, and kerosene beginning at 12:01 a.m. Tuesday.

Caltex, Cleanfuel, Jetti, Petro Gazz, Phoenix Petroleum, PTT Philippines, Seaoil, and Shell each issued a separate advisory announcing price increases of PHP0.70 for gasoline and PHP2.90 for diesel.

The cost of kerosene will increase by PHP1.65 per liter at Caltex, Seaoil, and Shell as well.

The same is anticipated from other oil companies.

The increases in price Tuesday will end the four-week streak of price reductions carried out by oil firms.

Companies have reduced the price of gasoline, diesel, and kerosene by PHP4.90 per liter, PHP11.40 per liter, and PHP10.80 per liter over the course of four weeks.

According to Shell, this week’s price increases are a result of rising freight costs. The International Energy Agency’s prediction that Chinese demand will return the next year helped to boost crude oil prices globally, she noted.

Brent crude was trading at USD78.82 a barrel as of the time of posting while West Texas Intermediate was at USD73.95 per barrel.

At the end of last week’s trading, a barrel of Dubai crude cost USD75.89.

QR Code

Save/Share this story with QR CODE


Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

πŸ“© Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.


We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❀️GIVE A TIP. Send a small donation thru Paypal😊❀️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) πŸ›’ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) πŸ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x