Fuel prices raised on Tuesday
Oil companies raised pump prices of fuel products by more than P1 per liter on Tuesday, according to a report by Philippine Star.
Gasoline prices would be raised by P1.15 per liter, diesel by P1.10 per liter, and kerosene by P1.10 per liter.
In separate advisories, Petro Gazz, Petron, Phoenix Petroleum, Pilipinas Shell, PTT Philippines and Seaoil Philippines said their price adjustments would take effect at 6 a.m. today.
Cleanfuel would adjust prices by 4:01 p.m.
In the past trading week, Brent crude and West Texas Intermediate (WTI) have risen about six percent, Reuters reported.
Both benchmarks rose after AstraZeneca earlier announced that its COVID-19 vaccine could be up to 90 percent effective.
Meanwhile, retailers of liquefied petroleum gas will also raise the price of cooking gas and auto LPG starting today.
In a text advisory, Petron said it would implement a P0.96-per-kilogram increase in LPG prices and P0.54 per liter for auto LPG effective 12:01 a.m. today.
“These reflect the international contract price of LPG for the month of December,” Petron noted.
Other retailers have yet to announce their respective price adjustments.
While digital labor platforms opened market work opportunities during the pandemic, it also posed major implications on skill formation and human capital development, especially in countries where online work is at the lower end of the value chain. ...
The Philippines should consider developing industry transformation maps in key sectors to enable the transition to the fourth industrial revolution (4IR) with adequate investment in skills development for new and repositioned jobs, according to a new...
Metropolitan Manila Development Authority (MMDA) chairman Benhur Abalos asked the Department of Public Works and Highways (DPWH) to improve lighting fixtures on major thoroughfares across the metropolis, according to a report by Philippine News ...
Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!