ABS-CBN
Diesel prices up; gasoline, kerosene down in first week of October
Gasoline prices are expected to decrease by P2.00 per liter, while kerosene prices may go down by P0.50 per liter starting Tuesday, October 3.
Diesel prices are projected to increase by P0.40 per liter.
The Department of Energy (DOE) noted that increased diesel demand due to the approaching winter season is a contributing factor to the price hike.
An independent oil player also cited Russia's decision to restrict fuel imports as a reason for the diesel price increase.
Liquefied petroleum gas (LPG) prices increased on October 1, with one vendor, Regasco, announcing a P3.50 per kilo increase.
This LPG price hike is attributed to higher crude oil prices and increased stockpiling in anticipation of the winter season.
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Gasoline prices will decrease by P2.00 per liter and kerosene by P0.50 per liter starting Tuesday, October 3.
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