Oil Price Situation for Week of June 12

Wazzup Pilipinas!

Pursuant to its function of monitoring oil trading in the international market and analyzing its impact on the domestic prices of petroleum products as mandated by law, the Department of Energy (DOE) noted that last week’s international oil trading may cause movements in the domestic prices of gasoline, diesel and kerosene as follows:

1) Gasoline may decrease by around P0.80 per liter;
2) Diesel may decrease by around P0.90 per liter; and,
3) Kerosene may decrease by around P1.10 per liter.

However, these findings could still be affected by the trading activities on Friday, 9 June, which can be accessed today Monday, 12 June.

Resulting price adjustments concerning petroleum products are implemented every Tuesday of the week.

Meanwhile, the DOE encourages the public to be vigilant in their rights as consumers and immediately report to the DOE Consumer Welfare Office (Landline - 429 2900 look for Ms. Helen Arias) any violation of the law, rules and regulations by petroleum products suppliers (i.e., quality and/or safety issues).

About "WazzupPilipinas.com"

WazzupPilipinas.com is the fastest growing and most awarded blog and social media community that has transcended beyond online media. It has successfully collaborated with all forms of media namely print, radio and television making it the most diverse multimedia organization. The numerous collaborations with hundreds of brands and organizations as online media partner and brand ambassador makes WazzupPilipinas.com a truly successful advocate of everything about the Philippines, and even more since its support extends further to even international organizations including startups and SMEs that have made our country their second home.