Motorists welcome Nov. with surging gas price

MANILA: The price of gasoline products increased today.

Based on the Department of Energy (DOE) announcement, the cost of the said petroleum product will rise by P3.50 per liter across the board. 

Meanwhile, diesel prices will slide by P1 per liter while the cost of kerosene will drop by P1.90 per liter. 

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

Products	Permitted range of price adjustment (October 27-November 2)	Permitted range of price adjustment (November 3-9)
Gasoline	P0.30 decrease	P3.50 increase
Diesel	P1.20 increase	P1 decrease
Kerosene	P0.50 increase	P1.90 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:

Gasoline prices climb anew

Diesel prices continue downward trend, gasoline gets another hike

Diesel prices to go down by P7.57 per liter

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