Published: Sunday 06 August, 2017

Oil Price Increase: Expect BIG Gasoline, Diesel Price Hike on August 8 – DOE

Bad news for motorists. An oil price increase is expected to be implemented on Tuesday, August 8. This according to the Department of Energy (DOE) which says the increase on gasoline and diesel prices may be as much as P1.00 per liter.

gasoline diesel price increase

According to GMA News, the DOE estimates that the price increase for gasoline will be around P1.00 per liter while diesel may increase by around P0.90 per liter. Kerosene will also be hiked by around P0.95 per liter.

The final price increase will be announced on Monday.

UPDATE: As predicted by the DOE, gasoline and diesel prices were increased this week.