Diesel prices up by P1.20/liter, gasoline by P0.50In separate advisories yesterday, oil companies said prices would increase by P0.50 per liter for gasoline and a heftier P1.20 per liter for diesel and P1.10 per liter for kerosene. MANILA, Philippines — Prices of petroleum products continue to rise today, as oil firms implement another round of price hikes. In separate advisories yesterday, oil companies said prices would increase by P0.50 per liter for gasoline and a heftier P1.20 per liter for diesel and P1.10 per liter for kerosene. These now bring the price hikes for diesel and kerosene to a ninth consecutive week, and that of gasoline to its eighth straight week. This week’s adjustments reflect the movement in the international oil market, as global prices continue to rise as a result of OPEC+ reducing supply until September.

Source: Philippine Star September 04, 2023 22:27 UTC