Inquirer
Oil firms hike prices after last week’s big-time rollback
Filipino consumers will face fuel price increases starting April 22, with gasoline prices rising by P1.35 per liter, diesel by P1.30 per liter, and kerosene by P1.10 per liter.
These price adjustments are attributed to potential global supply issues, including new sanctions imposed by the United States against Iran.
Further contributing to supply concerns are OPEC+'s plans to curb output and the ongoing peak maintenance season for refineries.
This increase follows significant fuel price rollbacks during Holy Week, where gasoline dropped by P3.60 per liter, diesel by P2.90, and kerosene by P3.30.
With this week's hike, the net increase for gasoline is P2.30 per liter and diesel is P2.85 per liter, while kerosene shows a net decrease of P1.80 per liter.
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Motorists can expect a price increase this week for gasoline, diesel, and kerosene, following rollbacks earlier this month.
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Motorists are bracing for another fuel price increase as April concludes, with potential hikes for gasoline, diesel, and kerosene.
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Filipino consumers will face significant fuel price increases starting Tuesday, April 22, after a brief rollback during Holy Week.
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