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The motoring public will see cheaper costs of petroleum merchandise within the final week of August.
In separate advisories, Seaoil, Cleanfuel, Caltex, and Shell Pilipinas stated the per-liter costs of diesel could be slashed by P1.90 starting Tuesday.
Kerosene costs would drop by P1.85 a liter, whereas gasoline would even be lowered by P1.15 per liter.
“Poor world demand stays one of many major drivers that makes the market bearish. Added to it are the Israel-Gaza ceasefire talks that ease provide fears and the manufacturing restoration assist from Libya’s Sharara Oilfield,” Rodela Romero, director of the Division of Power’s Oil Trade Administration Bureau, stated in an earlier assertion.
Final week, oil firms imposed upward changes in pump costs starting from P1 to P1.20 per liter.
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