legend bet Pump prices down on New Year’s Eve

MANILAlegend bet, Philippines — Fuel prices are poised to go down today, snapping five straight weeks of increase for gasoline and a two-week uptrend for diesel and kerosene.

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In separate advisories, Shell, Caltex and Seaoil announced a rollback of P0.30 per liter for gasoline and diesel and P0.90 per liter for kerosene.

PetroGazz, Cleanfuel, PTT Philippines and Jetti would implement the same price movements, except for kerosene, which they do not offer.

Combining all of the numbers, there is a net gainer score of +15, which is classified as “very high” by the SWS.  

At the Senate hearing on PNP's proposed 2025 budget on Thursday, September 19, Sen. Robin Padilla asked current police chief Gen. Rommel Marbil for a reaction to intel that someone in their ranks was in the pockets of POGO operators. 

The downward adjustments were due to the bullish outlook on global oil supply next year, according to the Department of Energy.

This followed the International Energy Agency’s forecast of an oversupplied market in 2025 even if OPEC+ holds production steady and further delays to increase output until April.legend bet