Diesel prices could increase by as much as P4.62 per liter this week due to renewed tensions between the United States and Iran. INQUIRER PHOTO / NIÑO JESUS ORBETA

MANILA, Philippines – Motorists face another steep diesel price hike this week, with the Department of Energy (DOE) projecting a P2.62 to P4.62 per liter increase.

In its latest fuel price update for July 14 to 20, the DOE said on Monday that kerosene prices could also rise by P2.22 to P4.22 per liter.

READ: US strikes Iran as Gulf states targeted in flareup over Hormuz

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