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MANILA, Philippines – Motorists are in for one more oil value hike of as much as P1.10 a liter efficient tomorrow, July 22.
Diesel costs are tipped to go up probably the most this week by P1.10 a liter whereas kerosene will climb by 70 centavos a liter. Gasoline costs, in the meantime, will improve by 40 centavos.
READ: Oil costs poised for recent spherical of hikes on July 22
Petro Gazz, Seaoil and Shell Pilipinas mentioned they’d alter their pump costs on Tuesday at 6 a.m., adopted by Cleanfuel at 4:01 p.m.
Final week, Jetti Petroleum President Leo Bellas mentioned pump costs would improve this week as a consequence of indicators of enhancing demand.
“The constructive oil demand outlook within the second half of 2025, the prospect of easing of commerce tensions, and the danger to provide within the Center East following assaults within the oilfields in Iraq have additional supported the market,” Bellas added.
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