Advertisements

Gasoline Prices Drop, Diesel Prices Rise in the First Week of November

by Krystal

MANILA — In the first week of November, gasoline prices have decreased while diesel prices have increased.

Starting Tuesday, November 5, oil companies announced the following price changes:

Advertisements

PILIPINAS SHELL and SEAOIL (effective 6 a.m.):

Gasoline: Decrease of P0.10 per liter

Advertisements

Kerosene: Increase of P0.50 per liter

Advertisements

Diesel: Increase of P0.75 per liter

Advertisements

CLEANFUEL (effective 4:01 p.m.):

Gasoline: Decrease of P0.10 per liter

Diesel: Increase of P0.75 per liter

The Department of Energy’s Oil Industry Management Bureau explained that these mixed price movements are due to a tight supply of diesel, kerosene, and jet fuel in Asia.

Additionally, rising fuel demand in the United States and ongoing tensions in the Middle East are contributing to the increase in prices.

Related Topics:

Advertisements
Advertisements

You may also like

oftrb logo

Oftrb.com is a comprehensive energy portal, the main columns include crude oil prices, energy categories, EIA, OPEC, crude oil news, basic knowledge of crude oil, etc.

【Contact us: [email protected]

© 2023 Copyright oftrb.com – Crude Oil Market Quotes, Price Chart live & News [[email protected]]