{"id":41561,"date":"2015-02-10T10:10:16","date_gmt":"2015-02-10T02:10:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=41561"},"modified":"2015-02-10T10:10:16","modified_gmt":"2015-02-10T02:10:16","slug":"fuel-prices-may-rise-more-than-expected","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/02\/10\/fuel-prices-may-rise-more-than-expected\/","title":{"rendered":"Fuel prices may rise more than expected"},"content":{"rendered":"<figure id=\"attachment_9080\" aria-describedby=\"caption-attachment-9080\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/fuel-oil-prices.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-9080\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/fuel-oil-prices-300x225.jpg\" alt=\"ShutterStock image\" width=\"300\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/fuel-oil-prices-300x225.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/fuel-oil-prices-600x450.jpg 600w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/fuel-oil-prices.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-9080\" class=\"wp-caption-text\">ShutterStock image<\/figcaption><\/figure>\n<p>MANILA &#8212; Petroleum industry sources, citing updated market reports on Monday said that fuel price may rise higher than the initial forecast.<\/p>\n<p>As of this weekend, the estimated increase ranges from 1 to 2. However according to sources, the first major increase for the year could be around P2 for gasoline.<\/p>\n<p>Meanwhile, diesel prices are seen to increase by P1 to P1.50 per liter.\u00a0The increase is despite the recent net decrease in the fuel prices.<\/p>\n<p>A decrease of P3.60 per liter for gasoline and P4.16 per liter for diesel has been recorded since the beginning of this year.<\/p>\n<p>Sources attributed the sudden price increase to speculative trading because of the weak US economic data and concerns about curtailing oil drilling activities.<\/p>\n<p>Recent reports indicated that major oil companies are cutting capital expenditures for this year due to oil output concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; Petroleum industry sources, citing updated market reports on Monday said that fuel price may rise higher than the &hellip;<\/p>\n","protected":false},"author":44,"featured_media":9080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-41561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/41561","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=41561"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/41561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/9080"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=41561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=41561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=41561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}