Diesel prices continue downward trend, gasoline gets another hike

MANILA: The price of diesel will continue to drop this week, while gasoline prices make their way up. 

According to the Department of Energy (DOE), the cost of diesel will slide by P1.30 per liter, while the price of gasoline will increase by P1.93 per liter. On the other hand, kerosene prices will jump by P3.30 per liter. 

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Compared to last week’s movement, here is how it looks: 

Products	Permitted range of price adjustment (from September 29-October 5)	Permitted range of price adjustment (October 6-12)
Gasoline	P0.24 decrease	P1.93 increase
Diesel	P7.57 decrease	P1.30 decrease
Kerosene	P5.85 decrease	P3.30 increase

“Ang mga pagbabagong ito ay nakabatay sa galaw ng pandaigdigang merkado ng langis, sa gitna ng patuloy na kaganapan sa Middle East na nakakaapekto sa global supply at presyo (These changes are driven by movements in the global oil market, amidst ongoing events in the Middle East that are affecting global supply and prices),” the DOE wrote in a social media post.

“Patuloy ang pagkilos ng Department of Energy upang mapalakas ang supply ng langis at mapangalagaan ang kapakanan ng publiko (The Department of Energy continues its efforts to bolster oil supplies and safeguard the public's welfare),” it added. 

Also read: 

Petroleum price hike worsens

Major price hike poised anew

Local oil players increase fuel prices after 'brief rollback

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