Nd Shell Said They Will Increase Diesel Prices By Php2 60 Per Liter And Php0 70 On Gasoline Caltex News Today : Breaking News, Live Updates & Top Stories | Vimarsana

File photo MANILA - After five consecutive weeks of rollbacks, prices of diesel and kerosene are set for a big-time hike on Tuesday. In separate advisories, Caltex, Cleanfuel, Seaoil, and Shell said they will increase diesel prices by PHP2.60 per liter and PHP0.70 per liter on gasoline. Caltex, Seaoil, and Shell will also raise prices of kerosene by PHP2.80 per liter. Other local oil industry players are expected to follow suit. With the price adjustments in the previous week, gasoline prices have increased since the start of the year by PHP27.40 per liter, PHP36.30 per liter for diesel, and PHP30.35 per liter for kerosene. Industry experts said the increase in petroleum prices this week is driven by a tightening of supply, with United States' crude inventory declining and the sanctions against Russia continue to impact demand and supply dynamics and affecting prices. According to OilPrice.com, the volatile oil prices have been impacting traders and other industries. "Business

United arab emiratesUnited statesUnited stateWest texas intermediateFile photo manila after five consecutive weeks of rollbacksRices of diesel and kerosene are set fora big time hike on tuesday in separate advisoriesNd shell said they will increase diesel prices by php2 60 per liter and php0 70 on gasoline caltexNd shell will also raise prices of kerosene by php2 80 per liter other local oil industry players are expected to follow suit with the price adjustments in previous weekAsoline prices have increased since the start of year by php27 40 per literHp36 30 per liter for dieselNd php30 35 per liter for kerosene industry experts said the increase in petroleum prices this week is driven bya tightening of supplyIth united states 39 crude inventory declining and the sanctions against russia continue to impact demand supply dynamics affecting prices according oilprice comHe volatile oil prices have been impacting traders and other industries quot businesses will continue to need energy that is in tight supplyUt high prices for this energy will continue threatening their growth prospects and the of respective economiesUot irina slave of oilprice com wrote dubai crude increased by 0 22 percent last fridayRinging prices to settle last week at usd95 39 per barrel on the other hand