Manila: Diesel and kerosene prices will go up while gasoline prices will drop starting Tuesday. In separate advisories on Monday, Seaoil and Shell announced a reduction in gasoline prices by PHP0.10 per liter. Conversely, diesel and kerosene prices will see increases of PHP0.75 and PHP0.50 per liter, respectively.

According to Philippines News Agency, Shell noted that the price adjustments were influenced by changes in premium freight and biofuel costs. In a separate advisory, Petro Gazz confirmed that diesel prices would rise by PHP0.75 per liter while gasoline would decrease by PHP0.10 per liter.

Last week, oil companies raised diesel and kerosene prices by PHP0.50 per liter and gasoline prices by PHP0.20 per liter. The Department of Energy’s latest data, as of Oct. 29, showed oil firms implementing a PHP0.20 per liter increase for gasoline and a PHP0.50 per liter rise for both diesel and kerosene.

Year-to-date, the total adjustment for gasoline stands at a net increase of PHP8.75 per liter, and diesel a
t PHP6.55 per liter. In contrast, kerosene has experienced a total net decrease of PHP3.10 per liter.