Manila: Another round of fuel price increases is set to take effect on Tuesday, with gasoline, diesel, and kerosene prices rising again due to tight supply conditions and global market factors.
According to Philippines News Agency, in separate advisories, Seaoil, Jetti Petroleum, PTT Philippines, and Petron announced that gasoline prices will increase by PHP0.80 per liter, diesel by PHP1.60 per liter, and kerosene by PHP1.10 per liter, effective 6 a.m. Chevron (Caltex) will implement the same increases at 6:01 a.m.
This week's fuel price adjustments mark the fourth increase for gasoline and the sixth for diesel and kerosene. Last week, fuel prices were also raised, with gasoline increasing by PHP0.40 per liter, diesel by PHP1.40 per liter, and kerosene by PHP0.80 per liter.
The price adjustments come amid ongoing global supply challenges, including disruptions in oil production and logistical constraints, which have kept upward pressure on pump prices despite earlier projections of softening prices.
