{"id":69362,"date":"2016-01-25T02:53:42","date_gmt":"2016-01-25T07:53:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=69362"},"modified":"2016-01-25T02:53:42","modified_gmt":"2016-01-25T07:53:42","slug":"oil-firms-to-implement-rollback-anew-tuesday","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2016\/01\/25\/oil-firms-to-implement-rollback-anew-tuesday\/","title":{"rendered":"Oil firms to implement rollback anew Tuesday"},"content":{"rendered":"
\"(Shutterstock<\/a>
(Shutterstock photo)<\/figcaption><\/figure>\n

MANILA – Most oil firms will reduce pump prices Tuesday, still due to continuing oil glut in the international crude market and peso depreciation.\u00a0<\/span><\/p>\n

In separate advisories Monday, Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines said they will rollback gasoline prices by 60 centavos per liter and diesel prices by 90 centavos per liter.\u00a0<\/span><\/p>\n

Shell also noted it will slash kerosene prices by 90 centavos per liter.\u00a0<\/span><\/p>\n

On the other hand, independent firm Eastern Petroleum will decrease diesel prices by 95 centavos per liter and gasoline prices by 60 centavos per liter.<\/span><\/p>\n

Eastern Petroleum will apply the price movements at 6:00 p.m., Monday.<\/span><\/p>\n

Phoenix Petroleum explained the downtrend of oil prices was caused by the continuing glut in the global oil market and the depreciation of the Philippine peso.\u00a0<\/span><\/p>\n

Meanwhile, Eastern Petroleum chairman and chief executive Fernando Martinez said analysts are unable to project the long-term prices of oil, adding they expect prices “will continue to defy experts’ expectations.”<\/span><\/p>\n

According to the Department of Energy’s (DOE’s) oil monitor for Metro Manila as of Jan. 20, diesel has a price range of PHP18.45-21.65 per liter. It has a common price of PHP20.20 per liter.<\/span><\/p>\n

On the other hand, gasoline prices range from PHP32.15-39.95 per liter, with a common price of PHP37.10 per liter.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA – Most oil firms will reduce pump prices Tuesday, still due to continuing oil glut in the international crude …<\/p>\n","protected":false},"author":44,"featured_media":69363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[9230],"class_list":["post-69362","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-uploads","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/69362","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=69362"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/69362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/69363"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=69362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=69362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=69362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}