Diesel prices to go down by P7.57 per liter

Minor adjustment for gasoline prices

Diesel prices to go down by P7.57 per liter
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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. 

KEY TAKEAWAYS

  • How much will gasoline prices decrease this week?

    The cost of gasoline will drop by P0.24 per liter across the board.
  • How much will kerosene prices slide this week?

    Kerosene prices will slide by P5.85 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. 

    Other stories:

    Fuel-pump Photo by Ruben Manahan IV

    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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    Paulo Papa

    Paulo Papa

    Fueled by his passion for cars and a good dose of caffeine, Paulo loves taking his readers for an exciting spin with his writing. A self proclaimed nerd, epigrammatic writer, and a doting father. 

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