Unioil Petroleum Philippines has announced that fuel companies may implement a mixed price movement in the upcoming week. Motorists can expect no change in per-liter prices for diesel from May 30 to June 5. However, gasoline prices may increase by ₱1.00 to ₱1.20 per liter, marking the second consecutive week of potential price hikes.
The Department of Energy (DOE) conducted its latest monitoring, revealing that diesel and kerosene have experienced a year-to-date net decrease of ₱5.05 per liter and ₱6.40 per liter, respectively.
Unioil Petroleum Philippines’ statement suggests that while diesel prices remain steady, gasoline prices are likely to rise, reflecting the ongoing fluctuations in global oil markets. These price adjustments impact motorists and consumers who rely on these fuels for their vehicles and daily transportation needs.
The DOE is closely monitoring fuel prices to ensure transparency and fair practices within the industry. The observed net decrease in diesel and kerosene prices over the year provides some relief to consumers, particularly amid economic challenges and the need for affordable fuel options.
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Diesel Remains Steady, Gasoline May Experience a Hike
Fuel companies in the Philippines are anticipated to implement a mixed price movement next week, with diesel prices expected to remain unchanged. However, motorists may face an increase of ₱1.00 to ₱1.20 per liter for gasoline, marking a potential price hike for the second consecutive week.
Decrease in Diesel and Kerosene Prices
According to the Department of Energy’s (DOE) latest monitoring, diesel and kerosene prices have seen a net decrease on a year-to-date basis. The DOE’s monitoring aims to provide valuable information on fuel price trends for consumers and industry stakeholders.
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