Manila Bulletin
Mixed fuel adjustment announced
By Ellson A. Quismorio
Published: April 8, 2013
MANILA, Philippines --- Local oil companies will follow up last week’s partial hike on gasoline products with a mixed price adjustment, effective at 6 a.m. today (Tuesday).
This week’s movement on pump will include a price rollback on gasoline products worth P0.45 per liter and increases of P0.25 per liter on diesel and P0.30 per liter on kerosene.
The uniform adjustments will be implemented Tuesday by oil giants Petron Corp., Chevron Philippines and independent oil players Eastern Petroleum Philippines and Seaoil Philippines.
Petron, in its price advisory sent to reporters Monday evening, said the price tweak “reflects movements in the international oil market”.
Last week, oil companies hike prices of premium gasoline by P0.35 per liter.
Prior to this, the petroleum companies rattled off five straight weeks of price cuts much to the joy of consumers.
Before the Tuesday’s up-and-down price movement, average domestic prices of diesel were pegged at P39.85 per liter while that of gasoline stood at P51.80 per liter.
Sana naman parehong rollback na sa weekend or the next weekend.
Oil down in Asia ahead of US inventory report | Inquirer Business
Sana tuloy tuloy na, pumatak man lang ng 42 ulit ang unleaded.
Sent from my 3210 using Tapatalk HD Premium
dito sa las pinas banda south side going to muntinlupa from 50.75 naging 47.75 nalang ang shell fuel save unleaded!
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Brent and WTI down again
last friday's weak US retail sales and this morning's China economic data
Oil falls on economic data -Upstreamonline.com
News Wires 15 April 2013 04:31 GMT
Brent and US crude futures fell more than $1 on Monday, with the former slipping towards $101 a barrel, after Chinese and US data stoked investors' concerns of a slowdown in economic growth in the world's top oil consumers.
China's economic recovery unexpectedly stumbled in the first three months of 2013 as the annual rate of growth eased back to 7.7% from the 7.9% pace set in the final quarter of last year, official data showed on Monday.
US retail sales contracted in March for the second time in three months, a sign the top oil-consuming economy may have stumbled at the end of the first quarter and supporting the view that the US economy has not gained as much momentum as analysts believed just a few weeks ago.
ayan na yata yung sinasabi ng Arabs na US$100 yung "ideal" price talaga sa crude.
we could see more selling in European and US trading hours
there are interests defending $100
let's see how long they can keep brent above $100
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Last edited by uls; April 15th, 2013 at 04:00 PM.
^ The recent trade talks between Japan and EU may help in that regard.
the May contract expired at $100
the June contract is now trading at $99
UPDATE 10-Brent oil drops 3 pct to near $100 in commodities rout | Reuters
The Brent contract for May delivery, which expired on
Monday, traded as low as $100.02 a barrel in early U.S. activity
before settling down $2.72 at $100.39 a barrel.
Meanwhile, the contract for June delivery fell below
$100 a barrel for the first time since July, extending its
sell-off in post settlement trading to as low as $99.12 a
barrel.
Last edited by uls; April 16th, 2013 at 09:30 AM.
^ Affected ng Boston Marathon bombing and posiibility of other attacks. Makes sense if you are a terrorist. Create fear as well as addt'l tension for the economy.