Gasoline prices climb anew

MANILA: Motorists using gasoline-fed vehicles are in for another price increase, as the Department of Energy (DOE) shared that the cost of the said petroleum product will jump by P1.56 per liter across the board. 

Likewise, the agency noted that kerosene prices will jump by P1.77 per liter. 

Good news for owners of vehicles that run on diesel, as the fuel’s “price-per-liter” will slide by P3.01. 

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Price movement

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

Products	Permitted range of price adjustment (October 6-12)	Permitted range of price adjustment (October 13-19)
Gasoline	P1.93 increase	P1.56 increase
Diesel	P1.30 decrease	P3.01 decrease
Kerosene	P3.30 increase	P1.77 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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