Published
May 31, 2020, 10:00 PM By Myrna M. Velasco
As
the country gears up for wider economic re-opening, the price of kerosene
product, which is also considered a base for aviation fuel, is set for an
uptick this week by estimated ₱0.60 to ₱0.80 per liter.
Diesel
which is the main commodity used by the country’s public transport is likewise
anticipated to increase by ₱0.20 to ₱0.30 per liter by Tuesday (June 2), which
is the usual price adjustment day of the oil companies.
A
financial relief can be momentarily enjoyed by motorists filling up gasoline
into their vehicles – as the price of this product is expected to be on a
marginal rollback of ₱0.10 to ₱0.25 per liter – or it could even be a “no price
movement week” for this commodity.
The
Philippine aviation sector and other major oil-consuming industries have been
prepping for resumption of operations this week after President Rodrigo Duterte
finally downgraded lockdown in the country’s main metropolis to general
community quarantine.
It
will also be a return-to-work for higher percentage of Filipino workers, hence,
it is seen that petroleum sales will be buoyed again after more than two months
of slump because of the coronavirus health crisis that practically stalled the
movements of people as well as economic activities.
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