MANILA. Motorists should prepare for another round of fuel price hikes next week, as projected by the Department of Energy (DOE) on Friday. The anticipated increase follows international trading trends and ongoing geopolitical tensions.
According to DOE-Oil Industry Management Bureau Assistant Director Rodela Romero, estimated price adjustments for petroleum products next week are as follows:
- Gasoline: Increase of ₱0.45 to ₱0.75 per liter
- Diesel: Increase of ₱0.30 to ₱0.60 per liter
- Kerosene: Increase of ₱0.15 to ₱0.30 per liter
Romero cited global factors contributing to the expected price hike. “This could be driven by the increasing Middle East tensions and the intensifying sanctions of [the] US to Iran and Russia,” she explained.
Final price adjustments will be confirmed after the last trading day of the week, with oil firms set to announce official price movements on Monday. The new rates will take effect the following day, Tuesday.
Earlier this week, oil companies implemented minimal rollbacks, reducing gasoline prices by ₱0.10 per liter, kerosene by ₱0.30, and diesel by ₱0.10.
The upcoming increase marks another challenge for consumers already grappling with fluctuating fuel costs, as global economic and political developments continue to impact local pump prices.
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 Peñaflorhttps://tutubi.ph/author/venusp/
- Venus L Peñaflorhttps://tutubi.ph/author/venusp/
- Venus L Peñaflorhttps://tutubi.ph/author/venusp/
- Venus L Peñaflorhttps://tutubi.ph/author/venusp/
