Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News

FUEL PRICE HIKE

Benise Balaoing

Katrina Domingo

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/171374825816820221010-oil-price-hike-MD--12.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. <em>Mark Demayo, ABS-CBN News</em></span></span></span></span></div><p>MANILA (UPDATE) - Gasoline prices are rising while diesel prices are down in the last week of April.</p><p>Oil companies announced the following price changes effective April 23, Tuesday:</p><div style="line-height:1"><br/></div><div style="line-height:1"><strong>PILIPINAS SHELL, SEAOIL, JETTI (effective 6 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.55/liter (increase)</p><p style="line-height:1">Kerosene - P1.10/liter (decrease)</p><p style="line-height:1">Diesel - P0.95/liter (decrease)</p><div style="line-height:1"><strong>CALTEX, PTT (effective 6 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.55/liter (increase)</p><p style="line-height:1">Diesel - P0.95/liter (decrease)</p><div style="line-height:1"><strong>CLEANFUEL (effective 12:01 a.m.)</strong></div><p style="line-height:1">Gasoline - P0.55/liter (increase)</p><p style="line-height:1">Diesel - P0.95/liter (decrease)</p><div style="line-height:1"><br/></div><p>The Department of Energy said the price adjustments are due to market speculation following the missile launches between Israel and Iran earlier this month.</p><p>“May excitement na nagawa [kahit] wala naman actual supply disruption sa Middle East. Pero dahil diyan may speculative effect,” said Rino Abad, director of the DOE’s Oil Industry Management Bureau.</p><p>“In the end magco-correct din po ang market at ibabalik niya rin,” he told state television PTV.</p><p>(Some excitement was created even if there was no actual supply disruption in the Middle East. But it created a speculative effect. In the end, the market will correct itself and return to the usual pump prices.)</p><p>The DOE urged public utility drivers to take advantage of fuel discounts from private oil companies and to coordinate with government agencies whenever the price of oil per barrel exceeded $80, the amount needed to trigger an oil subsidy for affected sectors in the Philippines.</p><div><a href="https://news.abs-cbn.com/business/2024/4/20/gas-prices-to-rise-p1-drop-in-kerosene-diesel-expected-1115" rel="noopener noreferrer" target="_blank">Gas prices to rise; P1 drop in kerosene, diesel expected</a></div><div><em>More details to follow.</em></div>

<p>Gasoline prices are rising while diesel prices are down in the last week of April.</p>

Gasoline prices are rising while diesel prices are down in the last week of April.

Gasoline prices rise, diesel falls in last week of April | ABS-CBN

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Gasoline prices rise, diesel falls in last week of April

Gasoline prices rise, diesel falls in last week of April

Benise Balaoing,

Katrina Domingo,

ABS-CBN News

Published Apr 22, 2024 09:16 AM PHT

|

Updated Apr 22, 2024 05:30 PM PHT

Read More:

gasoline

kerosene

diesel

oil

petroleum

presyo ng langis

presyo ng gas

presyo ng krudo

presyo ng petrolyo

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