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Year-to-date gasoline, diesel hikes over P11/liter as of Christmas Eve
Fuel pump prices are set for their fifth consecutive weekly increase starting Tuesday, December 24, 2024.
Gasoline prices will rise by P0.50 per liter, diesel by P1.45 per liter, and kerosene by P0.75 per liter.
As of Christmas Eve, year-to-date increases have reached over P13 per liter for gasoline and over P11 per liter for diesel.
These adjustments are attributed by the Department of Energy-Oil Industry Management Bureau to the ongoing conflict in the Middle East and production cuts by oil-producing nations.
The DOE-OIMB releases projections every Friday for the following week, while retailers announce official adjustments every Monday which take effect on the following day.
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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.
Filipino consumers will experience increased fuel costs starting December 24, with several oil companies implementing price hikes.
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Filipino motorists should brace for fuel price increases this Christmas season, with adjustments expected to take effect on Tuesday, December 24.
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Motorists can expect a rollback in fuel prices starting New Year's Day, with reductions of P0.30 per liter for gasoline and diesel, and P0.90 per liter for kerosene.
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