Monday, May 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Diesel prices to go up anew next week, small cut for gas

AFPbyAFP
June 26, 2022, 12:30 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

UMP prices of diesel are expected to go up again next week, while gasoline may go down by a minimal five to 20 centavos per liter.

An industry source said the prices of diesel might increase by P1.10 to P1.30 per liter due to movements in the peso-dollar exchange market.

Unioil said diesel prices for June 28 to July 4 might go up by P1.20 to P1.40 per liter, while the cutback for gasoline would likely be P0.10 to P0.20 per liter.

Lawyer Rino Abad, director of the Department of Energy’s (DOE) oil industry management bureau, said there may be an increase in the prices of diesel and kerosene next week due to the Philippine peso’s current performance against the US dollar. Gasoline prices, meanwhile, may remain the same or be rolled back a bit, he said.

Last Tuesday fuel companies hiked gasoline prices by P0.80 per liter, diesel by P3.10, and kerosene by P1.70, marking the third straight week of fuel price upticks.

Energy Secretary Alfonso Cusi said that in the past four days, the softening of the peso has resulted in about P1 per liter increase for diesel and kerosene, but said gasoline prices might actually decline.

The peso weakened to about P54.98 to the US dollar on Friday. During the June 13-17 trading days, the peso depreciated week-on-week against the US dollar by P0.44, or to P53.36 from P52.93 the previous week.

Abad said pump prices would have declined next week were it not for the peso depreciation.

He said world oil prices declined by about $3 per barrel due to concerns that the US interest hikes would affect economic growth.

“Unfortunately, instead of a rollback, there will be a slight increase due to the impact of the softening of the peso against the dollar,” Abad said.

On June 21, the oil companies raised the price of gasoline by P0.80 per liter, diesel by P3.10 per liter, and kerosene by P1.70 per liter.

These resulted in a net increase of P29.50 per liter for gasoline, P44.25 per liter for diesel, and P39.65 per liter for kerosene since the start of the year.

From June 14 to June 20, gasoline was sold from P75.15 per liter to P98.10 per liter, diesel for P77.40 to P94.90 per liter, and kerosene from P87.94 to P97.34 per liter in the National Capital Region.

In the face of the continuous rise in fuel prices, Deputy Speaker and Rep. Isidro Ungab of Davao City said the government should study setting aside some projects and reallocating their budget to cash subsidies for public transport operators and drivers.

“We acknowledge that everyone is feeling the brunt of these oil price hikes, but the ones suffering the most are those in the transport, farming, and fisheries sectors,” Ungab said.

Ungab said he supports President-Elect Ferdinand Marcos Jr.’s plan to give direct assistance to help mitigate the impact of the continued oil price hikes.

He also cautioned against suspending the excise tax on fuel products, saying the government might be losing a huge amount of funding that could be used to help the poor in times of crisis.

“The option to suspend taxes should be on a case-to-case basis. There is a need to study the proposal, or else the government might run out of funds, which might cause a huge problem,” Ungab said.

Also on Friday, incoming National Security Adviser Clarita Carlos said Marcos was open to buying oil from Russia, which is under a Western embargo following its unprovoked invasion of Ukraine.

She said Filipinos must lose the anti-Russia and pro-US mindset, as this was a matter of energy security.

Tags: Department of EnergyDieselOil price hike
ADVERTISEMENT
AFP

AFP

Related Posts

Zelensky thanks air defence after ‘most powerful’ attack on Kyiv

byAFP
May 29, 2023, 9:00 am
0
8
Ukraine’s Zelensky visits southern front as battles rage

Kyiv, Ukraine - Ukrainian President Volodymyr Zelensky on Sunday praised his country's air defence forces, after the capital Kyiv saw the...

Read more

Somalia to introduce direct universal suffrage in 2024

byAFP
May 29, 2023, 8:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

Mogadishu, Somalia - Somalia's government and federal member states said Sunday that direct universal suffrage would be introduced with local elections...

Read more

‘Betty’ slows, NCR on ‘Bravo’

byCharles Dantesand1 others
May 29, 2023, 2:05 am
0
8
Flag Day Rite

Luzon feels ‘habagat’ winds; Metro Manila at moderate risk for flooding STORM WATCH. An officer of the Philippine Coast Guard...

Read more

2 more priority bills set for approval this week, 33 out of 42 from LEDAC

byRio N. Araja
May 29, 2023, 1:55 am
0
8
Southwoods nails Seniors’ Fil golf crown

The House of Representatives is scheduled to approve on third and final reading this week two more bills tagged as...

Read more

1k flee Lanao town with terrorist threat

byCharles Dantes
May 29, 2023, 1:50 am
0
8
1k flee Lanao town with terrorist threat

FLEEING LANAO. This screen grab from an ABS-CBN TV report on Sunday shows some of the 1,236 persons from Marogong,...

Read more

Arroyo rejects rumor linking First Lady to House coup

byRio N. Araja
May 29, 2023, 1:45 am
0
8
SC upholds Arroyo acquittal in NBN-ZTE

Former President and Deputy Speaker Gloria Macapagal-Arroyo took exception to rumors dragging First Lady Liza Marcos-Araneta into a reported coup...

Read more

Print Edition

View More

Recent Posts

  • Zelensky thanks air defence after ‘most powerful’ attack on Kyiv
  • Somalia to introduce direct universal suffrage in 2024
  • FIRST METRO PHILIPPINE EQUITY EXCHANGE TRADED FUND, INC.: Notice of Annual Shareholders’ Meeting
  • FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC.: Notice of Annual Shareholders’ Meeting
  • FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC.: Notice of Annual Shareholders’ Meeting
  • FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting
  • FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting
  • FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

Advertisement

Latest News

FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:25 am
0
8
FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:20 am
0
8
FIRST METRO SAVE AND LEARN BALANCED FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:15 am
0
8
FIRST METRO CONSUMER FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN FIXED INCOME FUND, INC.: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:10 am
0
8
FIRST METRO SAVE AND LEARN FIXED INCOME FUND, INC.: Notice of Annual Shareholders’ Meeting

Read more

FIRST METRO SAVE AND LEARN EQUITY FUND, INC: Notice of Annual Shareholders’ Meeting

byManila Standard
May 29, 2023, 6:05 am
0
8
FIRST METRO SAVE AND LEARN EQUITY FUND, INC: Notice of Annual Shareholders’ Meeting

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App