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Motorists queue for fuel at a gas station in Pasig City on October 10, 2022, a day before a new round of oil price hike takes effect. Mark Demayo, ABS-CBN News

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FUEL PRICE HIKE

Benise Balaoing

Alvin Elchico

ABS-CBN News

<p>MANILA -- <span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Oil prices are going down on July 30. </span></p><div><span id="isPasted">Petroleum companies said pump prices are falling by the following amounts on Tuesday. </span></div><div><span><strong></strong></span></div><div style="line-height:1"><strong>SHELL PILIPINAS, SEAOIL (from 6 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.75/L decrease</p><p style="line-height:1">Kerosene - P0.80/L decrease</p><p style="line-height:1">Diesel - P0.85/L decrease</p><div style="line-height:1"> </div><div style="line-height:1"><strong>CLEANFUEL (from 12:01 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.75/L decrease</p><p style="line-height:1">Diesel - P0.85/L decrease</p><div style="line-height:1"> </div><div style="line-height:1"><strong>PTT PHILIPPINES, PETROGAZZ, JETTI PETROLEUM (from 6 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.75/L decrease</p><p style="line-height:1">Diesel - P0.85/L decrease</p><div><br/></div><p>Department of Energy Asst. Director Rodela Romero however said the escalating conflict between Israel and Hezbollah may trigger a spike in international prices that will push prices up the week after in the Philippines.</p><p>Retail prices in the Philippines are based on last week&#x27;s movements in the international market compared to the prices 2 weeks ago.</p><p>After Tuesday&#x27;s downward price adjustments, the net price movement for all products from January this year shows increases for gasoline and diesel, and a decrease for kerosene:</p><p style="line-height:1">Gasoline   P9.60/L (increase)</p><p style="line-height:1">Diesel       P6.85/L (<span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">increase</span> )</p><p style="line-height:1">Kerosene  P0.30/L (decrease)</p><div><br/></div><div><strong>LPG PRICES LIKELY UP ON AUGUST 1</strong></div><p>Regasco President Arnel Ty says as of Friday, July 26, the international contract price of LPG rose by $22 per metric ton.</p><p>Ty attributes this increase to the stockpiling of countries in preparation for the winter season.</p><p>According to Ty, Regasco estimates an increase of P1.50-P3.00/kilo in the retail price of LPG come August 1, if the trend does not change.</p><p>There are only 3 trading days left before the final contract price is announced by July 31.</p><p>If it is an increase, this is the second straight week that cooking gas prices have increased after the P0.55 per kilogram hike last July 1.</p><div><a href="https://news.abs-cbn.com/business/2024/7/26/doe-sees-pump-price-cuts-by-end-july-1048">DOE sees pump price cuts by end-July</a></div>

Oil prices fall as July ends

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Oil prices fall as July ends

Benise Balaoing,

Alvin Elchico,

ABS-CBN News

Published Jul 29, 2024 10:04 AM PHT

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Updated Jul 29, 2024 02:45 PM PHT

Read More:

oil prices

gas prices

gasoline

kerosene

diesel

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