Saturday, April 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Rollback forecast: Diesel P3.10/liter, gas P2.40/liter

Manila StandardbyManila Standard
February 6, 2023, 1:10 am
in News, Top Stories
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Oil firms are expected to slash the pump price of diesel by P2.60 to P3.10 per liter on Tuesday, ending three straight weeks of price hikes.

An industry source told GMA News prices of gasoline will also go down by P1.90 to P2.40 per liter to reflect the movement of prices on the global market.

Once implemented tomorrow (Feb. 7), the latest price movements will result in an estimated total net increase this year of P4.80 per liter for gasoline and a net decrease of P0.05 per liter for diesel.

Department of Energy (DOE) director for the Oil Industry Management Bureau Rodela Romero said she expects the price rollback based on the four-day trading in the world oil market.

Romero attributed the price cut to the “ongoing recessionary fears, the threat of further interest rates and the build-up in US inventories of crude, petrol, and distillates.”

ADVERTISEMENT

Sources said world oil prices were also influenced by reports that Russian exports remained strong and the decision of the Organization of the Petroleum Exporting Countries and its allies not to cut production, contrary to market expectations.

On Friday, the DOE also said it will release an energy storage system (ESS) policy on Feb. 14.

Energy Undersecretary Rowena Guevara said this would take into account an increase in renewable energy, which can be affected by many variables.

For example, she said, for wind energy, if the wind dies down, the output of energy will go down as well, so an energy storage system would compensate for the lack of wind.

These energy storage systems would also help transmission and distribution providers because they need to stabilize their system, she added.

Tags: DieselGasolineRodela Romero
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

PBBM: Bataan-Cavite link ‘incredible feat’ once done

byVince Lopezand1 others
April 1, 2023, 1:10 am
0
8
President: Keep military assets in tip-top shape

President Ferdinand Marcos Jr. on Friday applauded the planned construction of the P175.6-billion Bataan-Cavite Interlink Bridge (BCIB), which will drastically...

Read more

DOJ: One of plotters arrested

byRey E. Requejoand1 others
April 1, 2023, 1:05 am
0
8
DOJ to present additional evidence in Ongpin case

Remulla claims Degamo slay '99% solved,' says Teves in midst of it all The National Bureau of Investigation (NBI) has...

Read more

EU: ‘Serious’ PH compliance helping seafarers retain jobs

byManila Standard
April 1, 2023, 1:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

The European Union will still recognize certificates of Filipino seafarers, saying the Philippines has made "serious" developments to comply with...

Read more

Big LPG price cut at P9.20/k; Gas, diesel seen to cost more

byAlena Mae S. Flores
April 1, 2023, 12:50 am
0
8
Southwoods nails Seniors’ Fil golf crown

Petron Corp. announced a P9.20 per kilo price cut for liquefied petroleum gas effective today, even as domestic pump prices...

Read more

President: Keep military assets in tip-top shape

byVince Lopezand1 others
April 1, 2023, 12:45 am
0
8
President: Keep military assets in tip-top shape

President Ferdinand Marcos Jr. on Friday emphasized the importance of repair and maintenance of military assets as he inspected two...

Read more

Palace says work stops April 5 at noon to aid Holy Week lull

byManila Standard
April 1, 2023, 12:40 am
0
8
Palace eyes signed budget bill by yearend

Malacañan Palace on Friday announced the suspension of work in executive department offices starting noon on April 5, Holy Wednesday,...

Read more

Print Edition

View More

Recent Posts

  • Notice of Postponement of Annual Stockholder’s Meeting- Asia Pacific Medical Center Iloilo
  • PBBM: Bataan-Cavite link ‘incredible feat’ once done
  • DOJ: One of plotters arrested
  • EU: ‘Serious’ PH compliance helping seafarers retain jobs
  • Big LPG price cut at P9.20/k; Gas, diesel seen to cost more
  • President: Keep military assets in tip-top shape
  • Palace says work stops April 5 at noon to aid Holy Week lull
  • Palm Sunday Ready

Advertisement

Latest News

President: Keep military assets in tip-top shape

byVince Lopezand1 others
April 1, 2023, 12:45 am
0
8
President: Keep military assets in tip-top shape

President Ferdinand Marcos Jr. on Friday emphasized the importance of repair and maintenance of military assets as he inspected two...

Read more

Palace says work stops April 5 at noon to aid Holy Week lull

byManila Standard
April 1, 2023, 12:40 am
0
8
Palace eyes signed budget bill by yearend

Malacañan Palace on Friday announced the suspension of work in executive department offices starting noon on April 5, Holy Wednesday,...

Read more

Palm Sunday Ready

byManny Palmero
April 1, 2023, 12:38 am
0
8
President: Keep military assets in tip-top shape

Vendors weave palm fronds near Sto. Domingo Church in Quezon City on Friday, two days before Catholics observe Palm Sunday....

Read more

EU welcomes ‘willing’ PH on EJKs

byMacon Ramos-Araneta
April 1, 2023, 12:35 am
0
8
Southwoods nails Seniors’ Fil golf crown

A European Union official on Friday welcomed the willingness of the Philippine government to engage with the EU and the...

Read more

‘Bloody Sunday’ panel dismisses raps vs. 17 cops

byRey E. Requejo
April 1, 2023, 12:30 am
0
8
Southwoods nails Seniors’ Fil golf crown

A panel of prosecutors from the Department of Justice has dismissed the murder complaint against 17 police officers implicated in...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App