Major price hike poised anew

MANILA: The prices of petroleum products are set to undergo yet another major hike tomorrow. 

According to the Department of Energy (DOE), the cost of gasoline will jump by P5.68 per liter across the board. Meanwhile, diesel prices will go up by P4.31 per liter on all variants. Lastly, kerosene will spike by P4.62 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 8-14)	Permitted range of price adjustment (from September 15-21)
Gasoline	P4.69 increase	P5.68 increase
Diesel	P5.18 increase	P4.31 increase
Kerosene	P5.58 increase	P4.62 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:

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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