NATIONAL NEWS
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Crude prices plunge, stocks surge as US and Iran agree ceasefire
BY AGENCE FRANCE-PRESSE HONG KONG — Oil prices plunged Wednesday while stocks rallied after the United States and Iran agreed to a two-week ceasefire that will see Tehran temporarily reopen the vital Strait of Hormuz. With Donald Trump’s deadline approaching for the Islamic republic to reopen the waterway or face obliteration, he announced a halt to attacks for two weeks ...Diesel at P200/L? possible amid Middle East conflict -DOE chief
A Department of Energy (DOE) official said it’s possible that diesel prices could go up to P200/ liter as the US-Israel war against Iran continue. Energy Secretary Sharon Garin Garin said fuel prices remain largely beyond the Philippines’ control, as they are driven by developments in the Middle East. “If you ask me, is it going to reach P200? I ...PSA says inflation accelerates to 4.1% in March
The Philippine Statistics Authority (PSA) reported on Tuesday that inflation rate sped up in March driven by the series of hikes in the retail prices of petroleum products due to the ongoing war in the Middle East. National Statistician and PSA chief Claire Dennis Mapa said inflation — the rate of increase in the prices of goods and services — ...Diesel expected to hit P170/liter, gasoline P120/liter next week
A source from the oil industry said that the retail diesel prices could increase by P17 to P19 per liter, based on Mean of Platts Singapore (MOPS) trading in the past four days (March 30 to April 2), These projections could mean that prices of regular diesel could go up as much as P165 and premium diesel past P170 a ...
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