Pump prices of petroleum products are set to decrease on Tuesday, October 10, as the global market anticipates a slump in demand.
Full story: https://www.rappler.com/business/philippines-oil-price-rollback-october-10-2023/
Full story: https://www.rappler.com/business/philippines-oil-price-rollback-october-10-2023/
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00:00 Pump prices of petroleum products are set to decrease on Tuesday, October 10, as the global market anticipates a slump in demand.
00:07 Sea oil, petrogas, and clean fuel announce a decrease of 2 pesos and 45 centavos per liter for diesel and 3 pesos and 5 centavos for gasoline.
00:17 Sea oil also announces a 3 pesos per liter reduction for kerosene.
00:22 Figures from the Department of Energy show a year-to-date double-digit net increase in petroleum products.
00:28 The Land Transportation, Franchising, and Regulatory Board recently approved a 1-peso fare hike.
00:34 Starting Sunday, October 8, minimum fares of traditional jeepneys have increased from 12 pesos to 13 pesos and modern jeepneys from 14 pesos to 15 pesos.
00:43 (upbeat music)