cdn mobile

Fuel prices seen to increase anew

By: Meg Adonis - Philippine Daily Inquirer | September 17,2023 - 02:45 PM

File photo

Pump prices of petroleum products are expected to increase for the 11th consecutive week on Tuesday, with local oil companies estimating prices to climb by more than P2 per liter.

Industry sources on Saturday said that based on five days of trading in the world market, the price of diesel is expected to climb by P2.30 to P2.50 per liter.

The price of gasoline may increase by P1.80 to P2 per liter. This will mark the 10th straight week of increases for gasoline.

Motorists have been reeling from the fuel price increases for two and a half months now due mainly to oil production cuts implemented by Saudi Arabia, the world’s largest oil exporter.

RELATED STORIES

Oil prices rise to 10 month-high on China reserve ratio cut

Oil climbs on concerns Russia political issues may impact supply

Fuel prices to increase anew on Sept 12

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS: diesel, fuel prices, gasoline, increase
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.