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Four straight weeks of hikes push diesel's net increase to P15 per liter
Gasoline and diesel prices are set to increase again starting Tuesday, September 16, marking the fifth consecutive week for gasoline and fourth for diesel.
Shell Pilipinas Corp., Seaoil Philippines Corp., and Cleanfuel will implement a P0.10 per liter increase for gasoline, P0.50 for diesel, and P0.10 for kerosene.
The Department of Energy attributes these price adjustments to geopolitical tensions, including Israeli attacks in Doha and Russian drone activity in Poland.
Global oil prices saw an increase last week, but have since eased due to reports of OPEC+ planning to increase production, potentially leading to oversupply next year.
As of September 9, the year-to-date net increase for gasoline was P13.80 per liter, for diesel P14.85 per liter, and for kerosene P3.45 per liter.
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Motorists should anticipate potential fuel price increases for the third week of September, with diesel prices possibly rising by P0.30 to P0.50 per liter and gasoline by P0.10 to P0.20 per liter.
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Motorists may face another wave of fuel price increases next week, with estimates suggesting a rise in diesel prices.
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Filipino consumers 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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