Fuel prices will go up for the fourth straight week starting Tuesday morning. Gasoline prices will increase by P0.80 per liter, diesel by P1.60, and kerosene by P1.10. Oil firms including Seaoil, PTT, Jetti, and Caltex will implement the hikes early Tuesday.
The increases are driven by global supply concerns, including Middle East tensions, sanctions affecting Iranian oil, an outage at Kazakhstan’s largest oil field, and weather-related supply disruptions in the United States. Diesel prices are also under pressure due to tighter global supplies.
The higher prices mean increased transportation and operating costs for households and businesses, particularly those relying on diesel. The Department of Energy said some companies continue to offer discounts of P0.50 to P3.00 per liter for public utility vehicles and loyalty discounts for private motorists to help cushion the impact.
Year to date, fuel prices have risen by P2.40 per liter for gasoline, P5.40 for diesel, and P3.80 for kerosene. Metro Manila prices average P55.50 per liter for gasoline, P54.90 for diesel, and P81.15 for kerosene.
