Pricing Formula

Pricing Formula

SO THE PUBLIC WOULD KNOW - OIL PRICING FORMULA IN A DEREGULATED DOWNSTREAM OIL INDUSTRY

The recent increase in demand for oil internationally, particularly in the Asian Region, has caused a surge in the domestic price of oil. Since November 15, 2010, diesel has increased by P4.75 per liter (with a decrease of P0.75 per liter, thus a net increase of P4.00 per liter), while gasoline has increased by P5.25 per liter (with a decrease of P0.25 per liter, thus a net increase of P5.00 per liter).

Pricing Formula

 

SO THE PUBLIC WOULD KNOW -
OIL PRICING FORMULA IN A DEREGULATED DOWNSTREAM OIL INDUSTRY

The recent increase in demand for oil internationally, particularly in the Asian Region, has caused a surge in the domestic price of oil. Since November 15, 2010, diesel has increased by P4.75 per liter (with a decrease of P0.75 per liter, thus a net increase of P4.00 per liter), while gasoline has increased by P5.25 per liter (with a decrease of P0.25 per liter, thus a net increase of P5.00 per liter).

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