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Department of Energy Secretary Sharon Garin stated that the Philippines faces no oil crisis, as fuel supply remains adequate despite record-high prices. She attributed the issue to rising global oil prices, not shortages. The DOE is monitoring distribution and warning against hoarding.

06 de março de 2026 Reportado por IA

Fuel prices in the Philippines are set to surge next week due to escalating tensions in the Middle East, according to the Department of Energy. Minimum increases are estimated at P19 per liter for diesel, P9 for gasoline, and P31 for kerosene, though diesel could reach P90 per liter without staggered hikes. The DOE has warned against hoarding and price manipulation.

Antam gold prices suddenly dropped Rp260,000 to Rp2.860,000 per gram on Saturday. Buyback prices also fell Rp285,000 to Rp2.654,000 per gram. This comes after a significant prior surge.

25 de janeiro de 2026 Reportado por IA

Gold prices in Egypt’s local market rose by around EGP 580, or 9.4%, during last week’s trading, driven by a sharp rally in global bullion prices that climbed $392, or 8.5%—the strongest weekly gain in nearly six years. The surge occurred amid rising demand, escalating geopolitical tensions, and heightened political uncertainty worldwide, according to a report by iSagha, the online gold and jewellery trading platform.

In the second straight week of adjustments, oil companies announced diesel price drops of P1 to P1.20 per liter this week—larger than last week's modest changes—offering more relief to motorists before Christmas. Gasoline is set to fall by P0.60 to P0.80 per liter, and kerosene by about P1.75 per liter, driven by robust supply and weak demand.

18 de dezembro de 2025 Reportado por IA

Antam gold bar prices rose another Rp 17,000 to Rp 2,487,000 per gram on December 18, 2025, continuing the upward trend seen earlier in the month. Buyback price climbed to Rp 2,346,000 per gram, according to the Logam Mulia website.