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

TRANSPORTATION- OIL PRICE HIKE

David Dizon

ABS-CBN News

<p>Diesel &ndash; no adjustment or increase of P0.20/liter</p><p>Kerosene &ndash; P0.45 to P0.55/liter</p><p>Rodela Romero, Assistant Director of the DOE Oil Industry Management Bureau, said demand worries in the US and China, the geopolitical conflict in the Middle East, and a stop in the oil production in Libya are contributing to the latest pump price increase.&nbsp;</p><style type="text/css" id="isPasted">
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</style><p>A cut in interest rates by the U.S. Federal Reserve by September is also expected to affect oil prices.</p><p>&ldquo;Mukhang makakaranas tayo ng increases sa presyo ng produktong petrolyo,&rdquo; she said in a TeleRadyo Serbisyo interview. </p>

<p>The latest tentative price adjustments are as follows:</p><p>Gasoline &ndash; P.020- P0.45/liter</p>

<p>Gasoline and kerosene prices are set to increase on the first week of September, the Department of Energy said Friday. This, after <a href="https://news.abs-cbn.com/business/2024/8/26/oil-prices-fall-by-almost-p2-as-august-ends-950">oil prices fell </a>by almost P2/liter just this week.</p>

Gasoline and kerosene prices are set to increase on the first week of September, the Department of Energy said Friday. This, after oil prices fell by almost P2/liter just this week.

Gasoline prices back up 1st week of Sept | ABS-CBN News

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Gasoline prices back up 1st week of Sept

Gasoline prices back up 1st week of Sept