{"id":278571,"date":"2020-12-14T06:49:23","date_gmt":"2020-12-14T11:49:23","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=278571"},"modified":"2020-12-14T06:49:23","modified_gmt":"2020-12-14T11:49:23","slug":"diesel-kerosene-prices-up-for-6-straight-weeks","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/12\/14\/diesel-kerosene-prices-up-for-6-straight-weeks\/","title":{"rendered":"Diesel, kerosene prices up for 6 straight weeks"},"content":{"rendered":"<figure id=\"attachment_269450\" aria-describedby=\"caption-attachment-269450\" style=\"width: 4592px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-269450\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397.jpg\" alt=\"\" width=\"4592\" height=\"3448\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397.jpg 4592w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397-300x225.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397-768x577.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/09\/pexels-johannes-rapprich-1051397-1024x769.jpg 1024w\" sizes=\"auto, (max-width: 4592px) 100vw, 4592px\" \/><\/a><figcaption id=\"caption-attachment-269450\" class=\"wp-caption-text\">For gasoline products, oil players announced price hikes since Nov. 17. There was no movement the following week before implementing increments since Dec. 1 and the following weeks. (File: Pexels Photo)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0\u2013 Oil firms will adjust their prices on Tuesday, increasing diesel and kerosene prices for six consecutive weeks and gasoline prices for three straight weeks.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Companies such as Cleanfuel, Petro Gazz, Seaoil, and Shell announced they will raise diesel by PHP0.50 per liter, and PHP0.60 per liter for gasoline products.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Seaoil and Shell will also adjust kerosene prices upward by PHP0.55 per liter.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Other industry players are expected to follow suit.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Since Nov. 10, oil firms implemented price hikes on diesel and kerosene products.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">For gasoline products, oil players announced price hikes since Nov. 17. There was no movement the following week before implementing increments since Dec. 1 and the following weeks.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to an oil monitor bulletin of the Department of Energy (DOE), Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on a new production deal to increase supply by 500,000 barrels a day in January 2021.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The OPEC+ will also have a monthly review that will raise or cut production by 500,000 barrels per day each month until production is increased by a cumulative 2 million barrels a day.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The DOE oil monitor bulletin said a positive demand growth trend for crude oil in Asia has been observed, particularly from China, India, Japan, and South Korea.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThis follows fresh indications of healthy demand from regional refiners thus, supporting sentiments in the Middle East crude oil market,\u201d the bulletin added.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0\u2013 Oil firms will adjust their prices on Tuesday, increasing diesel and kerosene prices for six consecutive weeks and gasoline &hellip;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-278571","post","type-post","status-publish","format-standard","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/278571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=278571"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/278571\/revisions"}],"predecessor-version":[{"id":278582,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/278571\/revisions\/278582"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=278571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=278571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=278571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}