Pump prices to jump by more than P4 per liter this week
The DOE announced another round of big time oil price hike for this week.
Pump prices in the Philippines are set to increase significantly by over P4 per liter this week, according to the Department of Energy (DOE). The price adjustments, which will take effect at 6 a.m. on Tuesday, September 15, are expected to push some fuel station prices above P100 per liter. This follows a recent rise of P4.69 per liter for gasoline, P5.18 for diesel, and P5.58 for kerosene last week.
Over the past two weeks, gasoline prices have surged by P10.37 per liter, diesel by P9.49, and kerosene by P10.20. The DOE attributes the price hikes to tensions in the Middle East, which impact global oil prices and subsequently, domestic pump prices. Transport groups have staged a two-day strike to demand immediate government action on the rising fuel prices.
The LPG Marketers Association has also requested the temporary suspension of excise taxes on LPG and other petroleum products in a written appeal to Energy Secretary Sharon Garin.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
