Published: Sunday 17 June, 2018

Oil Price Hike June 19: Gasoline, Diesel Prices Increase Again on Tuesday

After two weeks of rollbacks, the prices of gasoline, diesel and kerosene are set to increase again on Tuesday, June 19. Price hikes in the international market the past week, as well as the depreciating peso, are contributing to this week’s increase.

oil price increase

Another price hike awaits motorists this Tuesday. (GMA News photo)

According to Alvin Elchico of ABS CBN News, the predicted oil price increases are as follows:

Diesel – P0.30-P0.40/liter
Gasoline – P0.10-P0.20/liter
Kerosene – P0.40-P0.50/liter

The actual price hikes won’t be known until Monday when the Philippine oil cartel makes it official. Price adjustments are announced every Monday and are effective the following day.

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According to ABS CBN News, the prices both diesel and gasoline have increase by almost P9.00 each since January 2018.