Motorists queue for fuel at a gas station in Pasig City on Oct. 10, 2022. Mark Demayo, ABS-CBN News/File 

FUEL PRICE HIKE

ABS-CBN News

<div><span style="caret-color:rgb(0, 0, 0);color:rgb(0, 0, 0)" id="isPasted"></span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span class="fr-img-caption fr-fic fr-dib" style="width:900px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171858864904820221010-oil-price-hike-MD--6.jpg" style="width:900px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="white-space:pre-wrap">Motorists queue for fuel at a gas station in Pasig City on Oct. 10, 2022. Mark Demayo, ABS-CBN News/File </span></span></span></span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">MANILA – Oil firms on Monday said they would implement price increases in the third week of June. </span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div><span style="vertical-align:baseline;white-space:pre-wrap">The following price hikes will take effect on June 18, Tuesday. </span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">SHELL PILIPINAS, CALTEX, SEAOIL (from 6 a.m.)</span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Gasoline   P0.85/liter increase</span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Kerosene  P1.90/liter increase</span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Diesel       P1.75/liter increase  </span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><p dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt">PETROGAZZ (from 6 a.m.)</p><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Gasoline   P0.85/liter increase</span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Diesel       P1.75/liter increase  </span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">Higher demand forecasts from the United States and Organization of Petroleum-Exporting Countries are driving prices up, the Department of Energy (DOE) said last week. </span></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap">The DOE said a sharper than expected drop in US crude inventories, uncertainties over the timing of the US Fed Reserves on the interest rate cut, the reduced Saudi exports to China and potential US reserve purchases could also send prices higher.</span></div><div><br/></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><br/></div><div><br/></div><div><br/></div><div><br/></div><div><br/></div>

<p>Oil firms on Monday said they would implement price increases in the third week of June. </p>

Oil firms on Monday said they would implement price increases in the third week of June.

Big-time price hike: Kerosene up by P1.90 per liter, diesel by P1.75 | ABS-CBN

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Big-time price hike: Kerosene up by P1.90 per liter, diesel by P1.75

Big-time price hike: Kerosene up by P1.90 per liter, diesel by P1.75

ABS-CBN News

Published Jun 17, 2024 09:48 AM PHT

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Updated Jun 17, 2024 08:21 PM PHT

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