Philstar
Fuel prices rise for 7th straight week
Fuel prices are set to increase again starting Tuesday, October 7, marking the seventh consecutive week of price hikes for diesel and kerosene.
Gasoline prices will increase by P0.20 per liter, diesel by P0.80 per liter, and kerosene by P0.20 per liter.
Several oil firms including Caltex, Seaoil, and Shell will implement these price adjustments.
Cleanfuel and Petro Gazz will implement similar increases for gasoline and diesel but do not sell kerosene.
The Department of Energy had anticipated mixed price movements due to new US sanctions on Iran and concerns about global oil supply glut despite OPEC's planned production increase.
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