More oil price hikes loom amid rising crude costs, supply cutback

Fuel pump prices may rise by as much as P1 per liter in the coming weeks due to further increases in global crude costs and an unexpected supply cutback triggered by the Bureau of Customs’ seizure of 300,000 barrels of oil from a Bataan depot.
Seaoil president Glen Yu said the $4 per barrel rise in [...]

Read more