Business Technology, Finance Technology & Information Technology
Lower gasoline costs this week
On Tuesday, oil companies will lower the cost of diesel and kerosene.
Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell each said separately that they will reduce diesel costs by PHP2.20 per liter.
Kerosene costs will also be decreased by PHP2.50 per liter by Caltex, Seaoil, and Shell.
The price of fuel won’t change this week, on the other hand.
The price of diesel and kerosene products will be reduced for the second week in a row.
Rising inventories in the United States and Europe, as well as expectations for the United States inflation report, which could lead to another Federal Reserve System policy tightening, are just a few of the international developments that have helped to lower oil prices this week.
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