ABS-CBN
Gasoline, diesel seen rising as June begins
Gasoline and diesel prices are expected to increase in the first week of June, while kerosene prices may decrease.
Gasoline prices could see an increase of P0.20 to P0.40 per liter.
Diesel prices might increase by P0.00 to P0.30 per liter.
Kerosene prices could be rolled back by P0.00 to P0.20 per liter.
Factors influencing these adjustments include potential new US sanctions on Russia, easing US-EU tariff concerns, increasing tension in oil-producing countries, and an OPEC+ plan targeting an oil production hike in July.
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News Sources
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Gasoline prices are set to increase by P0.40 per liter, while diesel prices will rise by P0.30 per liter starting Tuesday, June 3.
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Oil companies are implementing mixed price adjustments on fuel products starting Tuesday, June 3, with gasoline and diesel prices increasing while kerosene prices will decrease.
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