Benise Balaoing

Motorists queue for fuel at a gas station in Pasig City on October 10, 2022, a day before a new round of oil price hike takes effect. Diesel prices is forecast to increase by P6 to P6.85 per liter, gasoline prices at P1.20 to P1.40 per liter, and kerosene prices by P3.50 to P3.70 per liter. Mark Demayo, ABS-CBN News

Article (news)

Oil prices climb in last week of August

ABS-CBN News

MANILA — Oil prices are climbing in the last week of August The Department of Energy (DOE) said oil prices may go up by the following amounts on Tuesday, August 25: Diesel - P2.31/LGasoline - P1.08/LKerosene - P0.95/L Oil companies have announced the following pump price movements:<div>SHELL PILIPINAS (effective 6 a.m.)</div>Diesel - P2.30/LGasoline - P1.10/LKerosene - P1/L<div>PETROGAZZ (effective 6 a.m.)</div>Diesel - P2.31/LGasoline - P1.08/L<div>SEAOIL (effective 6 a.m.)</div>Diesel - P2.31/LGasoline - P1.08/LKerosene - P0.91/L <div>UNIOIL (effective 6 a.m.)</div>Diesel - P2.30/LGasoline - P1.10/L World fuel prices remain high due to continued tensions in the Middle East. The government has implemented a P12-per-liter fuel discount for public utility vehicles (PUVs). The subsidy was increased from P10 per liter amid rising petroleum prices.