Oil firms hike fuel pump price for second consecutive week

FOR the second consecutive week, oil companies will implement a price increase in petroleum products starting today, Tuesday.

In separate announcements on Monday afternoon, oil firms said they would raise gasoline prices by P1.35 per liter, diesel by

P0.45 per liter, and kerosene by P0.35 per liter.

The price adjustment will be implemented by Petron, Shell, Caltex, Total, Unioil, Seaoil, Phoenix, and PTT at 6 a.m. of July 25. Cleanfuel will adjust its prices at 4:01 p.m.

Last July 18, oil firms implemented an increase of P1.90/liter for gasoline, P2.10/ liter diesel and P1.80/liter for kerosene. These price adjustments resulted in a year-to-date net decrease of P0.85/liter for diesel and P3.70/liter for kerosene. Gasoline, on the other hand, has a net increase of P7.55/liter.

The Department of Energy (DOE) said oil prices rallied last week, as market sentiment

By Henry J. Schumacher

LUCKILY the youth and their development were part of the President’s SONA yesterday. We must recognize a hard truth: it’s not an easy time to be a young person. require a minimum of scientific literacy and technological skill; it will also need the setting of professional standards, the delineation of fields of expertise, and the organization of communities of knowledge. Education can no longer afford to leave anybody behind. All young people—whether they go to college or not—will need a similar set of core competencies if they are to succeed in today’s labor market. Government, the private sector and civil society have to work closely together to Save the Children. We must realize that 40 percent of the Philippine population is in school! received a boost from China’s latest trade data showing a 45.3 percent on-year jump on its crude imports in June, suggesting healthy downstream demand and profitable refining margins.

Young people are deeply concerned about the state of the world: a recent global survey shows that they are seeking real, sustained change. And they’re not just watching from the sidelines. Young people are taking initiative through social movements and activism— with extraordinary results! Just consider the impact of the youth-led global climate movement calling for radical change.

Today’s youth are also making their mark on the fight against corruption. The youth deserve an end to corruption. Young people are not just our future. They are key to creating a just, peaceful and prosperous world just now.

Remember: 37 million youth were involved in the May 9 elections and many of them certainly listened to the President yesterday to get the confirmation that they made the right decision a year ago.

If the Philippines is to survive in the everchanging, fast moving, technology-driven world taking shape before our eyes, the country has to position itself strategically in this new economy. The end-effort must be to secure the Philippines’ place on the right side of the digital divide the revolutions in communications, information, and computer technologies are creating. This requires a world-class work force, something that the ICT, BPO and creative industries are asking for. And because knowledge has become the modern economy’s central resource, we must keep in mind continuous learning has become essential. So swift is the generation and transmission of knowledge that learning has become a life-long process for every one of us.

The investment in human development is a strategy for economic recovery and inclusive growth. The private sector would love to cooperate with the President and Education Secretary Sara Duterte to specifically focus on technical training and “learning by doing.” Apprenticeship is playing a big role in this development, and it is trusted that the “Apprenticeship Bill” will become a law soon.

Oil firms adjust their pump prices every week to reflect movements in the world oil market. Lenie Lectura