GMA News
Gasoline and kerosene prices up; diesel down Tuesday
Pump prices will see mixed movements on Tuesday, December 5, with gasoline and kerosene increasing while diesel decreases.
Gasoline prices are set to rise by P0.30 per liter, and kerosene by P0.20 per liter.
Diesel prices will experience a rollback of P0.30 per liter.
These adjustments are influenced by supply cuts from major oil exporters, a storm-related drop in Kazakhstan's oil output, a softer US dollar, and declining US inventories.
The year-to-date net increase for diesel is P6 per liter, P1.74 per liter for kerosene, and P12.30 per liter for gasoline, according to the Department of Energy (DOE).
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Diesel prices will increase by P0.30 per liter and kerosene by P0.65 per liter starting Tuesday, November 28, 2023.
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Gasoline prices are set to increase by P0.30 per liter starting Tuesday, December 5.
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Several oil companies will implement a price rollback on diesel, gasoline, and kerosene effective Tuesday, December 12.
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