The Land Transportation Franchising and Regulatory Board (LTFRB) will present a P6,000 gasoline subsidy to all public utility car (PUV) drivers in August.
This is to mitigate the affect of Tuesday’s big-time oil worth hike, in accordance with GTV’s Balitanghali report.
On Monday, Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. introduced they might hike costs per liter of gasoline by P1.90, diesel by P2.10, and kerosene by P1.80.
Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will implement the identical modifications, excluding kerosene, which they don’t carry.
The Department of Energy’s (DOE) Oil Industry Management Bureau earlier mentioned will increase are anticipated this week as a result of scheduled provide cuts and hopes for increased demand. — DVM, GMA Integrated News
Source: www.gmanetwork.com
