Diesel prices to go down by P7.57 per liter

MANILA: Good news for owners of diesel-powered vehicles, as this week’s price movement will see the cost of the petroleum product go down by P7.57 per liter. 

According to the Department of Energy (DOE, the cost of gasoline will also drop by P0.24 per liter across the board. Meanwhile, kerosene prices will slide P5.85 per liter. 

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Price movement

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

Products	Estimated, reported price increase (from September 22-28)	Permitted range of price adjustment (from September 29-October 5)
Gasoline	P4.88 increase	P0.24 decrease
Diesel	P8.82 increase	P7.57 decrease
Kerosene	P6.47 increase	P5.85 decrease

“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:

More burden to motorists this week: fuel prices spike anew 

Major rollback set this week 

Fuel prices to drop this week

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