Philstar
Fuel prices going up this week
Motorists will see fuel price increases starting December 17, with gasoline and diesel rising by 80 centavos per liter, and kerosene by 10 centavos per liter.
Several oil firms including Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell announced the price adjustments.
Global oil prices reached a three-week high due to anticipated sanctions on Russia and Iran, and Middle East geopolitical volatility.
The Department of Energy noted year-to-date net increases of PHP11.35 per liter for gasoline and PHP9.55 per liter for diesel, while kerosene has a net decrease of PHP1.90 per liter.
Current gasoline prices range from PHP49.75 to PHP73.76 per liter, diesel from PHP48.20 to PHP69.35 per liter, and kerosene from PHP69.99 to PHP80.84 per liter.
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