Philstar
Mixed pump adjustments seen amid supply concerns
Fuel prices are anticipated to experience mixed adjustments next week, influenced by global supply concerns.
Gasoline prices are projected to increase by P0.40 to P0.70 per liter.
Diesel prices may either decrease by P0.10 per liter or increase by up to P0.20 per liter.
Kerosene prices are expected to remain unchanged or see a slight increase of P0.10 per liter.
The Department of Energy cited a Ukrainian drone attack on a Russian pumping station, which reportedly reduced oil flows through the Caspian Pipeline Consortium by as much as 40%, as a key factor.
Further contributing factors include a G7 proposal to tighten oil price caps on Russia and reports of OPEC+ considering delaying output hikes.
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Fuel prices are set to increase for the second consecutive week starting Tuesday, February 25, with gasoline prices rising by P0.70 per liter, diesel by P0.40 per liter, and kerosene by P0.20 per liter.
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Filipinos can expect higher fuel prices next week, with potential per liter hikes of P0.45 to P0.75 for gasoline, P0.30 to P0.60 for diesel, and P0.15 to P0.30 for kerosene.
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Fuel prices are set to increase starting Tuesday, February 18, 2025, with gasoline and diesel prices going up by PHP0.80 per liter, and kerosene by PHP0.10 per liter.
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