NextGen Day

Petroleum prices will start to decline on Tuesday morning after four weeks of significant price increases.

Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell each issued a separate announcement announcing a PHP3 per liter decrease in diesel costs.

Kerosene costs will also be decreased by PHP3.40 per liter by Caltex, Seaoil, and Shell.

This week, there won’t be any changes to gasoline prices.

With the price changes from last week, the cost of gasoline, diesel, and kerosene increased by a combined PHP29.25 per liter, PHP44.80 per liter, and PHP38.80 per liter for the entire year.

According to industry experts, last Friday saw a decline in oil prices due to concerns about an impending recession and slower global economic development, both of which would reduce demand for gasoline.

“The fall can be linked to central banks hastily tightening monetary policy in an effort to contain persistent inflation. The risk of this rapid tightening, according to Irina Slav of OilPrice.com, is a full-blown recession, which would probably have an impact on oil demand and prices.

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.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com 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.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

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.

---