Push Admin

Diesel prices estimated to go up nearly P3/liter next week

Article (news)

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Members of the military and their dependents queue for fuel at an exclusive gas station in Taguig City on June 6, 2022, a day before another round of oil price hikes. Mark Demayo, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/06/18/20220606-oil-price-hike-taguig-md-3.jpg"/><figcaption>Members of the military and their dependents queue for fuel at an exclusive gas station in Taguig City on June 6, 2022, a day before another round of oil price hikes. <em>Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p><br/>MANILA – Diesel, gas, and kerosene prices are forecast to increase next week, estimates showed, as the world continues to bear the consequences of a tight petroleum supply amid the Russia-Ukraine conflict.</p><p>The cost of diesel is forecast to go up between P2.40 and P2.70 per liter, while kerosene prices could increase from P1.60 to P2 per liter starting on Tuesday.</p><p>If the price hike is implemented, diesel prices will have increased by nearly P13 in the past 3 weeks; the cost of diesel went up by P4.30 last week.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/11/22/p4liter-price-increase-looms-for-diesel-kerosene">P4/liter price increase looms for diesel, kerosene</a></li></ul><p>Gasoline prices, meanwhile, could increase between 0.30 to P0.60 per liter, industry sources said. </p><p>The oil-price hike did not account of premium charges. This means that petroleum prices next week may be higher than estimates.</p><p>US President Joe Biden said the economy is in &quot;a time of war,&quot; referring to the global fallout from President Vladimir Putin&#x27;s invasion of Ukraine and subsequent sanctions against energy exporter Russia.</p><p>The rising fuel prices has also been attributed to the European Union&#x27;s partial ban of imports from Russia and the easing of restrictions in China. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/multimedia/photo/06/14/22/save-us-from-soaring-oil-prices">&#x27;Save us from soaring oil prices&#x27;</a></li></ul><div><strong>— with a report from Agence France-Presse</strong></div><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2076127" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The cost of diesel is forecast to go up between P2.40 and P2.70 per liter, while kerosene prices could increase from P1.60 to P2 starting Tuesday.