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Fuel prices up by over P1/liter on Tuesday
Filipino motorists are set to experience increased fuel prices starting Tuesday, November 18, marking the seventh consecutive week of hikes for gasoline and the fourth for diesel.
Seaoil Philippines Corp. and Shell Pilipinas Corp. announced price increases of P1.20 per liter for both gasoline and diesel.
Cleanfuel and Petro Gazz will implement the same P1.20 per liter adjustments for gasoline and diesel.
There will be no price adjustment for kerosene due to a nationwide price freeze following the declaration of a state of national calamity.
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) had projected these increases, influenced by recent US sanctions on Russian oil and optimism regarding the US government shutdown resolution.
Last week, fuel companies raised gasoline prices by P0.50 per liter and diesel by P1.00 per liter.
As of October 28, year-to-date net adjustments show an increase of P16.50 per liter for gasoline, P19.15 per liter for diesel, and P6.55 per liter for kerosene.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Gasoline and diesel prices are set to increase by P1.20 per liter starting Tuesday, November 18, marking the seventh consecutive weekly hike for gasoline and the fourth for diesel.
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Gasoline prices are expected to remain unchanged or decrease by P0.10 per liter, while diesel and kerosene may increase by P0.80 to P1 and P1.35 per liter, respectively.
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Motorists can expect mixed oil price adjustments next week, with diesel prices projected to increase and gasoline prices to decrease.
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