DOE pushes for competitive prices, targeted relief amid continued oil price risePrices of gasoline are set to increase by P1.20 per liter, diesel prices by P1.05 per liter and kerosene by P0.65 per liter, oil firms said in separate advisories. Since January, gasoline prices have seen a net increase of P7.95 per liter(/L), diesel at P10.2/L and kerosene at P9.1/L. DOE Oil Industry Management Bureau Director Rino Abad told Philstar.com over Viber on Tuesday that global oil supply "remains very tight, sustaining the uptick in prices." During the program, the transportation sector and hard-hit businesses received a total of P2.6 billion under the program. During the program, the transportation sector and hard-hit businesses received a total of P2.6 billion under the program.

Source: Philippine Star February 16, 2022 05:40 UTC