Fuel prices are expected to rise sharply again next week, driven by ongoing geopolitical tensions in the Middle East that continue to disrupt global oil markets, according to an industry source.
Projected price adjustments indicate that diesel may increase by P16.50 to P17.50 per liter, while gasoline prices could climb by P7.50 to P8.50 per liter.
These anticipated hikes follow significant increases already implemented for the week of March 17 to 23, as reported by the Department of Energy (DOE). During that period, diesel prices rose by P20.40 to P23.90 per liter, gasoline by P12.90 to P16.60 per liter, and kerosene by P6.90 to P8.90 per liter.
Based on DOE data covering March 10 to 16, combined with the latest adjustments, prevailing retail prices of petroleum products in the National Capital Region currently range as follows: diesel from P91.35 to P114.90 per liter, gasoline from P86.40 to P100.30 per liter, and kerosene from P91.90 to P143.79 per liter.
Despite the continued surge in fuel costs, the DOE assured the public that the country maintains sufficient supply. However, officials raised concerns over potential hoarding, which could worsen the situation and disproportionately affect public transport operators.
“What is unpredictable is the hoarding part. Kung mag-hoard ang isa, maapektuhan ang iba, especially ang PUVs. We need to curtail hoarding and not cause more panic among our people,” said Sharon Garin.
Si Venus L Peñaflor ay naging editor-in-chief ng Newsworld, isang lokal na pahayagan ng Laguna. Publisher din siya ng Daystar Gazette at Tutubi News Magazine. Siya ay isa ring pintor at doll face designer ng Ninay Dolls, ang unang Manikang Pilipino. Kasali siya sa DesignCrowd sa rank na #305 sa 640,000 graphic designers sa buong daigdig. Kasama din siya sa unang Local TV Broadcast sa Laguna na Beyond Manila. Aktibong kasapi siya ng San Pablo Jaycees Senate bilang isang JCI Senator.
- Venus L Peñaflor
- Venus L Peñaflor
- Venus L Peñaflor
- Venus L Peñaflor
