Gas Prices To Increase Next Week: There is bad news for drivers: gas prices will go up on Tuesday. Therefore, be careful to refuel up beforehand.
It has been reported that the price of gasoline will increase by Php 0.40 to 0.70 per liter. Diesel by Php 2.50 to 2.80 per liter, and kerosene by Php 2.70 to 2.80 per liter. On August 23, 2022, at precisely 6:00 AM, the price will go up.
Fuel price reductions have been announce by oil firms during the last few weeks. Following seven weeks without a change, this is the first rise.
Diesel and kerosene prices may increase by about P2.00 per liter, according to Rodela Romero, Assistant Director of the Department of Energy’s Oil Industry Management Bureau, who also stated that gasoline prices may rise by only about P0.25 per liter.
Romero remarked, “Kadahilalanan lumaki ang pagbaba sa imbentaryo ng krudo ng United States.
As of August 16, according to the Department of Energy, net price increases for gasoline, diesel, and kerosene since the beginning of the year were Php 17.45, Php 29.10, and Php 24.30 per liter, respectively.
The most recent data from the DOE regarding current rates reveals that the cost of a liter of gasoline ranges from Php 65.05 to Php 75.76; that of a liter of diesel ranges from Php 71.90 to Php 78.30; and that of a liter of kerosene ranges from Php 73.44 to Php 85.00.
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