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Diesel set for at least P2 increase as oil prices hike after 8 weeks
Diesel set for at least P2 increase as oil prices hike after 8 weeks
ABS-CBN News
Published Dec 17, 2022 11:26 AM PHT
Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News
MANILA - Diesel prices are set to increase by at least P2.10 as a first oil price hike in 8 weeks is forecast for next week.
Diesel prices will increase by P2.10 to P2.40 per liter, offsetting more than half of the P3.40 per liter decrease the previous week, according to the Energy department's oil monitor.
Kerosene prices will rise by P1.60 to P1.90.
Gasoline prices will take the smallest increase of P0.40 to P0.70 per liter.
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China, a global demand driver for fuel, recently reversed its zero-COVID approach to the pandemic.
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