Oil Prices Drop in Mid-July 🛢️🇵🇭

[Makomo]

Starting July 16, fuel prices will decrease after rising for four consecutive weeks. Oil companies, including Shell Philippines, Seaoil, Cleanfuel, Petrogazz, Jetti Petroleum, PTT Philippines, and Caltex, will reduce prices by P0.60 per liter for gasoline, P1.15 per liter for kerosene, and P0.95 per liter for diesel. According to the Department of Energy, this rollback is attributed to decreased demand from China and the limited effect of Hurricane Beryl in the U.S.

 

[Tanjiro.Kamado]

Starting July 16, fuel prices will decrease after rising for four consecutive weeks. Oil companies, including Shell Philippines, Seaoil, Cleanfuel, Petrogazz, Jetti Petroleum, PTT Philippines, and Caltex, will reduce prices by P0.60 per liter for gasoline, P1.15 per liter for kerosene, and P0.95 per liter for diesel. According to the Department of Energy, this rollback is attributed to decreased demand from China and the limited effect of Hurricane Beryl in the U.S.

Russian shelling killed four in Ukraine's Kherson and Kharkiv regions on Saturday, while a Ukrainian drone attack set an oil depot ablaze in Russia's Rostov region, with no casualties, as both countries intensify aerial assaults and defenses, including U.S. missile deployment concerns. Thanks for keeping me updated!