Are you going somewhere or planning a trip next week? Hm. You might want to think twice because fuel prices will rise again amid fears of the global recession. Diesel prices will go up by ₱2.60 to ₱2.80 per liter, and gasoline prices will go up by ₱0.80 to ₱0.90 per liter.
Seaoil also said that the price of a liter of kerosene would go up by ₱2.90.
The gas price went up the week before last after going down for five weeks.
According to the Department of Energy (DOE), OPEC+ decided to cut oil production by two million barrels per day starting in November, and this was done to raise oil prices. In the past week, world oil prices increased to their highest level in a month. This happened after OPEC+ said it would cut its production quotas by two million barrels per day starting in November, and this was done to raise oil prices.
After the last increase, the total year-to-date adjustments for gasoline, diesel, and kerosene added up to a net gain of ₱15.65 per liter, ₱35.80 per liter, and ₱26.75 per liter, respectively.
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