ABS-CBN
April to close with oil price hike
Motorists are bracing for another fuel price increase as April concludes, with potential hikes for gasoline, diesel, and kerosene.
The Department of Energy attributes the expected price adjustments to supply uncertainty stemming from new US sanctions against Iran's oil shipping network.
Specifically, gasoline prices may rise by P1.20 to P1.50 per liter, diesel by P0.70 to P0.90 per liter, and kerosene by P0.50 to P0.70 per liter.
These sanctions, imposed on April 25, target Iranian liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his network responsible for distributing Iran's fuel.
A decline in US oil inventory also contributed to the upward pressure on fuel prices.
These adjustments, which will take effect on Tuesday, April 29, continue a trend of price hikes following Holy Week rollbacks.
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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.
Motorists will face fuel price increases for the second consecutive week starting Tuesday, April 29, 2025.
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Motorists can expect a price increase this week for gasoline, diesel, and kerosene, following rollbacks earlier this month.
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Filipino consumers will face fuel price increases starting April 22, with gasoline prices rising by P1.35 per liter, diesel by P1.30 per liter, and kerosene by P1.10 per liter.
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Filipino consumers will face significant fuel price increases starting Tuesday, April 22, after a brief rollback during Holy Week.
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Fuel prices are expected to decrease next week, with gasoline potentially rolling back by P0.25 to P0.70 per liter, diesel by P0.30 to P0.80 per liter, and kerosene by P0.50 to P0.70 per liter.
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