Oil price lower after polls


Consumers can expect an oil price rollback this week.

Pilipinas Shell Petroleum Corp. will adjust gasoline price by P0.30 per liter, diesel by P0.20 per liter, and kerosene by P0.40 per liter effective 6 a.m., Tuesday, May 10.

Petron Corp. advised in a text message that it will implement the following price cuts effective 12:01 a.m.: “May 10: P0.30 per liter for Blaze 100, XCS, Xtra Advance and Super Xtra, P0.20 per liter for Turbo Diesel and DieselMax and kerosene P0.40 per liter These reflect movements in the international oil market and biofuels.”

Meanwhile, the power situation in the country during Monday’s elections was stable and it will remain so after the polls, according to Department of Energy (DOE).

National Power Corp. (Napocor), National Electrification Administration (NEA) and Manila Electric Co. (Meralco) all reported normal operations except for some isolated interruptions.

Power supply situation on May 9 was one of the best in electoral history with more than 3,600 megawatts available, according to the National Grid Corp. of the Philippines (NGCP).

“Efforts were more coordinated these elections,” the NGCP said.

In case of electricity-related emergencies, more than 1,000 crew of Meralco are on standby to ensure quick response, the power distributor said.

“Our generator sets are also with our roving Meralco trucks and ready to be deployed in case of emergency. We will be on full alert until the last vote has been transmitted,” Meralco added.


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