Fuel prices seen to increase anew

Fuel prices seen to increase anew

/ 05:14 AM September 17, 2023

Fuel prices seen to increase anew

SURGING PRICES An attendant updates the prices of fuel products at a gasoline station in Makati City. —RICHARD A. REYES

Pump prices of petroleum products are expected to increase for the 11th consecutive week on Tuesday, with local oil companies estimating prices to climb by more than P2 per liter.

Industry sources on Saturday said that based on five days of trading in the world market, the price of diesel is expected to climb by P2.30 to P2.50 per liter.

ADVERTISEMENT

The price of gasoline may increase by P1.80 to P2 per liter. This will mark the 10th straight week of increases for gasoline.

FEATURED STORIES

Motorists have been reeling from the fuel price increases for two and a half months now due mainly to oil production cuts implemented by Saudi Arabia, the world’s largest oil exporter.

—Meg J. Adonis

READ: Oil companies raise prices of diesel, gasoline anew

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Fuel, fuel prices

Your subscription could not be saved. Please try again.
Your subscription has been successful.

News that matters

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.