Post-Easter price hike: Oil prices to rise by nearly P3 per liter

ABS-CBN News

Posted at Apr 09 2023 11:57 AM

Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News/File
Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News/File

MANILA — Oil prices are expected to increase by nearly P3 per liter starting Tuesday, April 11.

According to industry estimates, gasoline prices are seen to rise by around P2.50 to P2.80 per liter while diesel prices will increase by P1.50 to P1.80 per liter.

Kerosene prices, meanwhile, will go up by P1.80 to P2.10 per liter.

Oil companies have not announced the exact amount that they will implement for their price adjustments.

Prices rose due to the Organization of the Petroleum Exporting Countries' decision to cut oil production.

— Report from Alvin Elchico, ABS-CBN News