Hike in kerosene, diesel prices set Oct. 8

PRICE ADJUSTMENTS. A delivery truck refuels at a gas station in Paco, Manila in this photo taken on April 8, 2024. Local oil companies will implement a price hike starting Tuesday, Oct. 8. (Photo courtesy of Yancy Lim/PNA)

By Kris Crismundo | Philippine News Agency

Oil firms will increase prices of diesel and kerosene while there will be no adjustment for gasoline prices this week.

This will be the second straight week that local oil players increased pump prices.

On Monday, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said in separate advisories that they will hike diesel prices by P1.20 per liter.

Caltex, Seaoil, and Shell will also increase prices of kerosene products by P0.70 per liter.

Other oil companies are expected to follow suit.

The Department of Energy (DOE) last week said global oil prices continue the upward trend due to fears of escalating tension in the Middle East.

“Year-to-date, total adjustment of gasoline and diesel stands at a net increase of P6.40 per liter and P2.85 per liter, respectively, while kerosene has a total net decrease of P6.05 per liter,” DOE said.

As of Oct. 7, gasoline prices in the National Capital Region range from P49.15 to P84.87 per liter, P45.40 to P70.20 per liter for diesel, and P66.59 to P77.65 per liter for kerosene.

Popular

PBBM reaffirms PH commitment to international law in fostering regional peace

By Brian Campued President Ferdinand R. Marcos Jr. on Wednesday cautioned against calling all competing maritime disputes on the South China Sea equal, as he...

PBBM pushes for PH trade pact with India

By Brian Campued President Ferdinand R. Marcos Jr. on Wednesday said the government is “ready to act” and will work closely with its Indian business...

PBBM addresses criticisms, assures sufficient funds for gov’t agendas in his podcast

By Dean Aubrey Caratiquet In episode 2, part 3 of the BBM Podcast, which aired on Wednesday, President Ferdinand R. Marcos Jr. refuted criticisms levied...

PH, India eye deeper health collaboration

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. on Tuesday met with Bharatiya Janata Party (BJP) Chair and Indian Health...