Firms to adjust oil prices Oct. 3

There will be adjustments in oil prices starting 12:01 a.m. of Oct. 3. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Phoenix Petroleum, PTT, Seaoil, Shell and Unioil said they will slash gasoline prices by PHP2 per liter while increasing diesel prices by PHP0.40 per liter. Caltex, Seaoil and Shell will also cut prices of kerosene products by PHP0.50 per liter. Last week, oil companies implemented their first price rollback after 11 consecutive weeks of price hikes. “Oil prices settled 1 percent lower on Friday due to macroeconomic concerns and profit-taking,” Regina Capital Development Corp. head of sales Luis Limlingan said. He said Brent crude price settled at 7 cents lower to USD95.31 per barrel while West Texas Intermediate (WTI) traded at USD90.27 a barrel, down by 92 cents.

Source: Philippines News Agency

  • malaysiang

    Related Posts

    MDEC CEO Says Public-private Partnerships Key To Driving Asean’s Digital Economy

    KUALA LUMPUR, Public-private partnerships (PPPs) are expected to play a crucial role in shaping ASEAN’s future, particularly in driving the digital economy forward as they are the backbone of progress, said Malaysia Digital Economy Corporation (MDEC)…

    Salcon Bags External Water Reticulation Contract Worth RM18.50 Mln

    KUALA LUMPUR, Salcon Bhd’s wholly-owned subsidiary, Salcon Engineering Bhd has bagged a RM18.50 million contract from LTE Engineers Sdn Bhd, on behalf of FandN AgriValley Sdn Bhd.

    The project entails external water reticulation works for a proposed …