Motorists in the Philippines are likely to face another fuel price increase this week, with gasoline and diesel among the products expected to rise. The Department of Energy (DOE) issues an advisory indicating prices will move higher starting Tuesday, with an overall increase of up to about P5.68 per liter for petroleum products.
The reported figures vary by outlet and product. One industry executive, Jetti Petroleum President Leo Bellas, says diesel may rise by about P2 to P2.50 per liter and gasoline by about P4.50 to P5 per liter, linking the expected changes to developments in Asia and movements in foreign exchange rates. The DOE advisory also estimates specific increases: gasoline up by P5.68 per liter, diesel up by P4.31 per liter, and kerosene up by P4.62 per liter. Both reports point to international market dynamics, including concerns affecting global oil flows.
While the broad expectation of higher pump prices is consistent, the exact magnitude differs across the sources’ figures, reflecting different assessments and the timing of updates from industry and government advisories.
