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

FUEL PRICE HIKE

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:900px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/173283660001620221010-oil-price-hike-MD--12 (1).jpg" style="width:900px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Motorists queue for fuel at a gas station in Pasig City on October 10, 2022. Mark Demayo, ABS-CBN News/File </span></span></span></div><p>MANILA — Prices could go up for gasoline and decrease for diesel and kerosene in the first week of December, the Department of Energy said Friday.</p><p>The following mixed oil price movement is expected next week, said  DOE&#x27;s Oil Industry Management Bureau director Rino Abad.</p><div><script data-wid="auto" type="text/javascript" src="https://content.viralize.tv/display/?zid=AAEyze-tm4MR6kEa&amp;cid=ABRC1nRBZFKK0A1v&amp;activation=click&amp;vip_mode=playing&amp;vip_position=bottom-right"></script></div><p>Gasoline - P0.50 to P0.80 per liter increase<br/>Diesel - P0.10 to P0.30 per liter decrease<br/>Kerosene - P0.10 to P0.30 per liter decrease</p><p>The DOE expects a global oversupply of fuel and low demand in the first quarter of 2025, Abad told TeleRadyo Serbisyo. </p><p>“Sigurado ho maganda ang magiging outlook sa price, bababa po ang price,” he said.</p>

<p>Prices could go up for gasoline and decrease for diesel and kerosene in the first week of December, the Department of Energy said Friday.</p>

Prices could go up for gasoline and decrease for diesel and kerosene in the first week of December, the Department of Energy said Friday.

Mixed oil price movement seen in first week of December | ABS-CBN

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Mixed oil price movement seen in first week of December

Mixed oil price movement seen in first week of December

ABS-CBN News

Published Nov 29, 2024 07:45 AM PHT

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Updated Nov 29, 2024 08:31 AM PHT

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