Inquirer
Gasoline prices might go up for 5th straight week
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.
These adjustments are primarily driven by escalating geopolitical tensions, including an Israeli airstrike on Hamas leaders in Doha, Qatar, and a Russian drone incursion into Polish airspace, along with fears of new sanctions against Russia.
The smaller-than-expected oil output increase by OPEC+ also supported oil prices, with the group announcing a production output of just 137,000 barrels per day starting next month.
If implemented, this would mark the fifth consecutive weekly increase for gasoline and the fourth for diesel.
Kerosene prices are expected to remain unchanged.
The Department of Energy is monitoring these developments, and final price adjustments will be announced on Monday and will take effect the following day.
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Gasoline and diesel prices are set to increase again starting Tuesday, September 16, marking the fifth consecutive week for gasoline and fourth for diesel.
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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 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.
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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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