File Photo Manila After Five Consecutive Weeks Of Rollbacks 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 Emirates , United States , United State , West Texas Intermediate , File Photo Manila After Five Consecutive Weeks Of Rollbacks , Rices Of Diesel And Kerosene Are Set Fora Big Time Hike On Tuesday In Separate Advisories , Nd Shell Said They Will Increase Diesel Prices By Php2 60 Per Liter And Php0 70 On Gasoline Caltex , Nd 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 Week , Asoline Prices Have Increased Since The Start Of Year By Php27 40 Per Liter , Hp36 30 Per Liter For Diesel , Nd Php30 35 Per Liter For Kerosene Industry Experts Said The Increase In Petroleum Prices This Week Is Driven Bya Tightening Of Supply , Ith United States 39 Crude Inventory Declining And The Sanctions Against Russia Continue To Impact Demand Supply Dynamics Affecting Prices According Oilprice Com , He Volatile Oil Prices Have Been Impacting Traders And Other Industries Quot Businesses Will Continue To Need Energy That Is In Tight Supply , Ut High Prices For This Energy Will Continue Threatening Their Growth Prospects And The Of Respective Economies , Uot Irina Slave Of Oilprice Com Wrote Dubai Crude Increased By 0 22 Percent Last Friday , Ringing Prices To Settle Last Week At Usd95 39 Per Barrel On The Other Hand , Rent And West Texas Intermediate Wti Prices On Monday Declined By 1 69 Percent 38 , S Of Writing Wti Crude Has Touched Below Usd90 Level Pna ,