The Daily Tribune
Fuel prices up, LPG rolls back
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.
Gasoline prices will see a 40 centavos per liter increase, and diesel prices will rise by 30 centavos per liter across several major oil firms.
Conversely, kerosene prices will be reduced by 10 centavos per liter by some companies.
This marks the third consecutive week of gasoline price hikes and the second consecutive week of kerosene price decreases.
In separate adjustments, liquefied petroleum gas (LPG) prices have gone down in June, continuing a four-month trend of declining prices.
Petron reduced LPG prices by PHP1.75 per kilogram, and Solane-branded LPG decreased by PHP1.64 per kilogram.
The latest LPG price movements mean an 11-kg cylinder will be cheaper by PHP18.04 to PHP19.25.
Current gasoline prices in Metro Manila range from PHP44 to PHP73.20 per liter, diesel from PHP44 to PHP67.47 per liter, and kerosene from PHP67.70 to PHP82.94 per liter.
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Motorists can expect fuel prices to increase this week, with retailers announcing pump price hikes for gasoline, diesel, and kerosene effective June 10.
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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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Gasoline and diesel prices are expected to increase in the first week of June, while kerosene prices may decrease.
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