Eastern Petroleum sees fuel prices turning higher

THE CHAIRMAN of Eastern Petroleum Corp. has warned that prices of petroleum products are set to rise this week after several weeks of reductions. In a statement on Sunday, Fernando L. Martinez, chairman and chief executive officer of Eastern Petroleum, said recent developments could have “positive” and “calming” effects in the world oil market. In…

Fuel prices up today

Prices of gasoline, diesel, and kerosene will go up today, October 11, oil firms announced on Monday. Caltex, Shell Philippines, Phoenix Petroleum Philippines, and PTT Philippines said prices of gasoline will increase by P0.85 per liter while diesel prices will rise by P1.55 per liter effective 6 a.m., Tuesday. Read more here.

Oil firms drop fuel prices

LOCAL oil companies announced cuts in the prices of petroleum products following a drop in international crude prices last week amid recovering oil production and concerns of slower energy demand in case Britain exits the European Union. Shell reduced gasoline prices by 65 centavos per liter, diesel also by 65 centavos and kerosene by 45 centavos…