Inquirer
Gasoline prices might go up for 5th straight week
Motorists should brace for fuel price hikes next week due to escalating geopolitical tensions.
Gasoline prices might increase by approximately P0.10 to P0.20 per liter, while diesel could rise by P0.30 to P0.50 per liter.
Kerosene prices are anticipated to remain unchanged.
The Department of Energy and Jetti Petroleum attributed the adjustments to geopolitical tensions, including Israel's attack on Hamas leaders in Doha, Qatar, and a Russian drone incursion into Polish airspace.
This would mark the fifth consecutive weekly increase for gasoline prices and the fourth for diesel.
The market also fears new sanctions against Russia, a major oil producer, which could impact global supply.
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Diesel prices are expected to increase by P0.30 to P0.50 per liter next week due to geopolitical tensions, according to Jetti Petroleum President Leo Bellas.
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Motorists should prepare for another significant fuel price increase starting Tuesday, September 9, with diesel set to rise by P1.40 per liter, gasoline by P1 per liter, and kerosene by P0.70 per liter.
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Filipinos 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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