Mixed price adjustments for oil products this week

Inquirer photo/Niño Jesus Orbeta

MANILA, Philippines — Motorists can expect mixed movements in pump prices this week, with gasoline likely to become cheaper while diesel and kerosene prices are set to rise, according to the Department of Energy (DOE).

Data presented by the DOE’s Oil Industry Management Bureau on Monday showed that oil companies may reduce gasoline prices by as much as P1.75 per liter or implement an increase of up to 25 centavos per liter.

Diesel prices, on the other hand, are expected to increase by between P1.57 and P3.57 per liter, while kerosene may rise by P1.70 to P3.70 per liter. The figures represent the range of adjustments that oil companies may impose on pump prices beginning on Tuesday.

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