Diesel prices to rise P13 per liter Tuesday

ABS-CBN News

Posted at Mar 14 2022 11:41 AM | Updated as of Mar 14 2022 11:08 PM

Motorists refuel at a gasoline station along Easte Avenue in Quezon City on February 22, 2022. Jeepney drivers and operators blast the consecutive oil price hikes causing increase in prices of consumer goods and services. Jonathan Cellona, ABS-CBN News
Motorists refuel at a gasoline station along Easte Avenue in Quezon City on February 22, 2022. Jeepney drivers and operators blast the consecutive oil price hikes causing increase in prices of consumer goods and services. Jonathan Cellona, ABS-CBN News

MANILA (UPDATED) - Diesel prices will increase by more than P13 per liter on March 15, based on advisories issued by local fuel companies Monday.

The Department of Energy, however, said said there were clarifications that need to be made. It did not give additional details.

The following companies said they would impose the following price increases on March 15:

SHELL
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 
Kerosene = P10.50 per liter increase

CALTEX
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 
Kerosene = P10.50 per liter increase

PETRON
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 
Kerosene = P10.50 per liter increase

CLEAN FUEL
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 

PTT PHILIPPINES
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 

FLYING V
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 
Kerosene = P10.50 per liter increase

SEAOIL
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 
Kerosene = P10.50 per liter increase

UNIOIL
Diesel = P13.15 per liter increase
Gasoline = P7.10 per liter increase 

PETRO GAZZ

Diesel = P6.50 per liter increase
Gasoline = P3.50 per liter increase 

It was earlier estimated that oil prices could spike by as much as P12 per liter this week as global crude oil prices skyrocketed amid Russia's invasion of Ukraine.

Energy Secretary Alfonso Cusi on Monday said implementing a staggered increase will depend on industry players.

Fuel conservation should also be observed, he said. 

"Practice efficient use and conservation of fuel. Avoid unnecessary trips," Cusi said. 

Demand management could be a temporary solution, Bangko Sentral ng Pilipinas Governor Diokno also said Monday.

"When the price goes up, you stop driving unnecessarily, you reduce your air-conditioning needs, that’s what’s called demand management," Diokno said.

Stakeholders and lawmakers have also called for the increase in the country's oil reserve to mitigate the impact of volatile global crude oil price. 

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