Fuel prices slashed by up to P2 per liter
In separate advisories, local Philippine oil companies said they would cut the prices of gasoline by P1.20 per liter; diesel, P1.85 per liter; and kerosene, P2 per liter.
In separate advisories, local Philippine oil companies said they would cut the prices of gasoline by P1.20 per liter; diesel, P1.85 per liter; and kerosene, P2 per liter.
The current selldown in US equities and emerging markets is expected to last over summer, while the level of the ringgit is being watched.
Prime Minister Shehbaz Sharif said that low-income segments would be given a subsidy of Rs50 per litre, under the petroleum relief package.
Prices of all breeds of chicken started going up in the capital one and a half months ago.
Earlier this month, the oil industry was reportedly facing trouble in arranging crude oil and petroleum products due to the prevailing prices.
The move has triggered concerns among residents and lawmakers about living costs for the grassroots and the city’s bid for economic revival.
This came despite many unions making ambitious pay-scale hike demands of levels unseen in recent years.
The price increase came amid continued supply shortage and a spike in demand for the kitchen item on the occasion of the fasting month when sugar is used in verities of items.
By region, postpartum centers in Seoul were the most expensive. The priciest center in Yeoksam-dong, southern Seoul, charged 38 million won for 14 days.
Rice prices rose every month of 2022, with a noticeable increase starting in July, and with no signs of a slowdown seen since.