Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. George Calvelo, ABS-CBN News

Oil price hikes

Benise Balaoing

Alvin Elchico

ABS-CBN News

<p>MANILA -- Oil prices may rise again in the third week of April, the <span id="isPasted" style="caret-color:rgb(65, 65, 65);color:rgb(65, 65, 65)">Department of Energy said Friday. </span></p><p>Based on the last few trading days, oil prices may rise by the following amounts, DOE Oil Industry Management Bureau <span id="isPasted" style="caret-color:rgb(65, 65, 65);color:rgb(65, 65, 65)">Director Rodela Romero said. </span></p><p>Gasoline - P 0.00 to P0.20<br/>Diesel - P0.80 to P1.00<br/>Kerosene - P0.85 to P1.00</p><p>The continuing tension in the Middle East is driving prices upward, Romero told TeleRadyo Serbisyo. </p><p>She noted, however, that increasing inventory in the United States is helping ease price hikes.</p><style type="text/css" id="isPasted">
p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Helvetica Neue'}
</style><p>&quot;Bumabalanse naman po yang pangyayari sa United States, yang pagtaas po ng imbentaryo ng kanilang krudo at saka ng...petroleum products. Dahil daw po mahina ang demand ng petroleum products sa US ngayon, at the same time bumaba po yang kanilang mga oil exports,&quot; she said.</p><p>(Events in the United  States are balancing it out. Their inventory for crude and petroleum products is increasing because of weaker demand for petroleum products and lower oil exports.)</p><div> </div><div><br/></div><div><br/></div><div><br/></div>

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Oil prices may rise on third week of April

Oil prices may rise on third week of April

Benise Balaoing,

Alvin Elchico,

ABS-CBN News

Published Apr 12, 2024 11:29 AM PHT

Read More:

gasoline

oil price hike

presyo ng krudo

presyo ng petrolyo

presyo ng gas

diesel

kerosene

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