OIL PRICE HIKE / MAY 25, 2020 A gasoline attendant grabs the fuel nozzle at a gas station in Kalayaan Avenue, Quezon City on May 25, 2020. A drastic fuel price hike is expected to take effect on May 26 to June 1 with an increase in diesel prices by more than P2.30 per liter and gasoline by more than P1.90 per liter. The hike does not include the impact of the additional 10 percent duty on all crude petroleum oil and refined petroleum products under Executive order 113 to help bolster government revenues to fight Covid-19. INQUIRER PHOTO / NINO JESUS ORBETA
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Bimmaba ti presyo ti petrolyo iti world market kalpasan nga inyanunsyo ti Iran a “completely open” ti Strait of Hormuz kadagiti commercial ships a dumaldalan idiay.


Sigun iti report, bimmaba ita nga aldaw (Philippine Time) iti agarup $88 tunggal bariles ti Brent crude manipud iti agarup $98 a presyo daytoy.


Immunan nga inwaragawag ni Iranian Foreign Minister Abbas Araghchi a mabalinen a dumalan dagiti barko iti Strait of Hormuz kalpasan iti pannakaiyanunsyo ti ceasefire iti nagbaetan ti Iran ken Lebanon.


Kabayatanna, sumagmamano nga analyst ti mangibagbaga a mabalin nga agbaliw ti presyo dagiti krudo bayat a saan pay a naipasigurado ti stability ti sitwasyon idiay Middle East. //bombokaren.c.s

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