Philippine News Agency
Gasoline prices up; diesel, kerosene down on Oct.17
Gasoline prices will increase by P0.55 per liter starting Tuesday, October 17, while diesel prices will decrease by P0.95 per liter.
Several oil firms including Caltex, Cleanfuel, Jetti, Petro Gazz, Phoenix Petroleum, PTT, Seaoil, Shell, and Unioil will implement these adjustments.
Caltex, Seaoil, and Shell will also reduce kerosene prices by P0.95 per liter.
These changes follow previous price adjustments on October 10.
Year-to-date net increases per liter are P12.25 for gasoline, P11.35 for diesel, and P5.94 for kerosene.
The International Energy Agency (IEA) reported that the Israel-Hamas conflict has not directly impacted oil flows.
The IEA also projects global oil output to increase in 2023 and 2024, driven by non-OPEC+ growth, with Iran expected to be a major source of growth.
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Local oil companies are implementing a fuel price increase effective Tuesday, October 24, with gasoline prices rising by P0.95 per liter and diesel by P1.30 per liter.
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Local oil companies will increase pump prices of diesel by P1.30 per liter, gasoline by P0.95 per liter, and kerosene by P1.25 per liter starting Tuesday, October 24.
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