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Oil prices to go up for 6th straight week

by 198 Philippines News
February 6, 2022
in PHILIPPINES USA TRADE NEWS
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Danessa Rivera – The Philippine Star

February 6, 2022 | 12:00am

MANILA, Philippines — Oil corporations are elevating pump costs for the sixth straight week on Tuesday.

“Diesel will improve by P1.10 to P1.20 per liter. Gasoline will improve by P1 to P1.10 per liter,” part of the Unioil Philippines Inc. reads.

Prior to now buying and selling week, world oil costs surged to seven-year highs and prolonged the rally to their seventh week amid worries about provide disruptions fueled by a frigid US climate and the continued political turmoil amongst main world producers, Reuters reported.

Knowledge from the Division of Power confirmed year-to-date changes stand at a complete internet improve of P5.70 per liter for gasoline, P7.95 per liter for diesel and P7.20 per liter for kerosene.



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