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Up to P1/liter increase expected for gasoline in 7th straight oil price hike

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News/File." src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/06/24/20221010-oil-price-hike-md-14.jpg"/><figcaption>Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. <em>Mark Demayo, ABS-CBN News/File.</em></figcaption></figure></div><p>MANILA - Gasoline prices are expected to increase by at most P1, in the latest wave of oil price hikes.</p><p>Gasoline prices may increase by P0.80 to P1 per liter. </p><p>Meanwhile, diesel prices may stay put or increase by P0.20 per liter, while kerosene prices may go up by P0.50 to P0.70 per liter. </p><p>This marks the seventh straight week that pump prices have increased.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/12/23/diesel-prices-to-go-up-for-6th-straight-week">Diesel prices to go up for 6th straight week on August 15</a></li>	<li><a href="https://news.abs-cbn.com/business/08/14/23/fresh-oil-price-hike-set-on-aug-15">Fresh oil price hike set on Aug. 15</a></li></ul><p>Experts still say this is due to the economic losses in China on top of plans to curb oil production by some of the biggest players. </p><p>Diesel prices have already increased by as much as P11/liter since July. </p><div><strong>-- Report by Alvin Elchico, ABS-CBN News </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=2674125" 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>

Gasoline prices are expected to increase by at most P1 in the latest wave of oil price hikes set for the sixth straight week. 