Published: Sunday 07 October, 2018

Another BIGTIME Oil Price Hike on Oct. 9: Gasoline, Diesel & Kerosene Prices to Increase

oil price increase

More oil price increases coming this week. (The Guardian)

If you’re still reeling from the bigtime fuel price increases last week, hold on to your wallets because another one is coming on Tuesday, October 9. Prices of gasoline, diesel and kerosene will ALL go up!

According to industry sources, the predicted price increase for diesel and kerosene will be more than P1 per liter while for gasoline, it will be a bit lower than P1.00. This is the ninth consecutive week of oil price hikes, According to data compiled by ABS CBN News, the price of gasoline has risen more than P10 per liter since January 2018!

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Amid all these increases, public utility vehicles are clamoring for fare increases. And with more the more than P1 increase in the coming week, it might be inevitable.

The following are the predicted increase this week:

Diesel → P1.40-P1.50/liter
Gasoline → P0.80-P1.00/liter
Kerosene → P1.30-P1.40/liter

Let’s await the official figures when these are announced by the Philippine oil cartel on Monday.

 

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