Philstar
Diesel prices up by P1.40, gas by P1
Motorists will face another fuel price increase starting Tuesday, September 9, with gasoline up by P1 per liter, diesel by P1.40 per liter, and kerosene by 70 centavos per liter.
This marks the fourth consecutive weekly price hike for gasoline and the third for diesel and kerosene.
Shell Philippines, Seaoil, and CleanFuel announced these upward price adjustments.
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) attributed the price surge to US sanctions on Iran's oil revenue, falling Russian supplies amid heightened conflict with Ukraine, and a halt in exports to India's refinery.
With this week's hike, gasoline and diesel have reached record year-to-date net increases of P13.80 and P14.85 per liter, respectively, while kerosene has risen by a net P3.45 per liter so far this year.
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Motorists may face another wave of fuel price increases next week, with estimates suggesting a rise in diesel prices.
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Motorists should anticipate potential fuel price increases for the third week of September, with diesel prices possibly rising by P0.30 to P0.50 per liter and gasoline by P0.10 to P0.20 per liter.
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Filipino consumers can expect another increase in gasoline and diesel prices next week, marking the fifth consecutive week for gasoline and fourth for diesel.
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Motorists in the Philippines can anticipate another fuel price hike next week, potentially the third consecutive week for gasoline, diesel, and kerosene.
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Gasoline and diesel prices are set to increase for the third consecutive week starting Tuesday.
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