The President issued the directive in a bid to mitigate the impact of the recent attacks on Saudi Arabia’s two oil refineries on the country.
US West Texas Intermediate crude futures were at $58.71 a barrel, up 62 cents, or 1.07 percent, after earlier hitting a high of $59.39. Pilipinas Shell will reportedly implement an increase of P2.35 per liter of gasoline, P1.80 for diesel, and P1.75 for kerosene. Pero Gazz, include Seaoil, Total, Phoenix Petroleum, Chevron , Clean Fuel, and PTT Philippines will also implement same price adjustments on gasoline and diesel.
In the Senate hearing, Abad assured that the country is well supplied with oil; based on the inventory levels that the oil companies have been mandated to maintain.
Add the oil from plastic. We have a Pinoy scientist doing that. Hehe. Perhaps add funds and help them? 🤔
Better yet is to end the oil addiction Mr. President and be energy independent. Free us from the troubles of the Middle East & shift us away from oil. Find full electric or hybrid options now & have the will to implement it.