Gasoline down, diesel up starting Tuesday

Fuel retailers announced mixed changes in pump prices for this week, with gasoline prices decreasing while diesel and kerosene are expected to increase.

Starting Tuesday, July 29, motorists will see a P0.10 decrease per liter for gasoline but a P0.60 increase for diesel across most regions.

Seaoil has deferred the diesel price adjustment this week in typhoon-affected areas including Regions 1 and 2, heeding the government's call to impose a price freeze in storm-hit regions.

The Department of Energy-Oil Industry Management Bureau cited unexpected US crude inventory declines and geopolitical uncertainties as factors influencing the current pricing adjustments.

Last week, retailers had increased gasoline prices by P0.40 per liter, diesel by P1.10, and kerosene by P0.70.

Year-to-date, gasoline has seen a net increase of P9.00 per liter, diesel at P11.35, and kerosene at P1.85.