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DOH reports 6,532 new virus cases on August 4

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The Department of Health (DOH) reported 6,352 new cases of Covid-19 in the country, a new record in one-day increase, bringing the total number of cases to 112,593. Based on the DOH’s Case Bulletin for COVID-19, the National Capital Region&nbs...

Cargo Vessels at Manila Port / Photo Courtesy of REUTERS/Romeo Ranoco

Inflation climbs to 2.7% in July

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Inflation rate picked up to 2.7 percent in July from 2.5 percent in June on higher transport costs, according to the Philippine Statistics Authority (PSA). Inflation in July 2019 reached 2.4 percent. Last month’s figure brought the averag...

Pateros Mayor Ike Ponce / IsangPateros

Pateros sees rising number of virus cases 

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Pateros Mayor Miguel Ponce III expressed alarm over the increasing number of coronavirus disease (COVID-19) cases in the town as he urged his constituents to stay home.  As of Aug. 4, Pateros has recorded 270 confirmed COVID-19 cases with 112 r...

Metro News

Oil companies reduce prices

account_balanceMetro News account_circlePaulo Rodriguez chat_bubble_outline0 Comments

Oil companies announced reduction in pump prices on Tuesday. Flying V, Petron, PTT Philippines, and Total said they will roll back diesel prices by P0.20 per liter effective 6 a.m.
 
Flying V and Petron will also slash prices of kerosene by P0.30 per liter.
 
No movement on gasoline prices was announced.
 
According to OilPrice.com, world oil prices are expected to further decline despite tensions between the United States and Iran “as long as the flow of oil barrels to the market is not affected”.
 
“It is important to look beyond the rhetoric of the headlines and focus on market fundamentals -- including the continued rise of non-OPEC oil supply led by US shale, and flat demand growth -- which all points to a surplus, not a deficit, in oil balances in 2020,” Rystad Energy Head of Oil Market Research, Bjørnar Tonhaugen, said.
 
The report said Brent crude prices are seen to slip below USD60 per barrel even amid the geopolitical tensions in the Middle East.


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