This was announced by petroleum product companies, simultaneously revealing that the price of kerosene will also increase by P0.70 per liter starting tomorrow.
Only the price of gasoline will remain stable.
(Photo by Dexter Terante)
This marks the second consecutive week of gasoline and kerosene price hikes, and the third consecutive week for diesel.
Department of Energy's (DOE) Oil Industry Management Bureau Director Rodela Romero has previously stated from their office in Bonifacio Global City (BGC), Taguig City that the increase in prices of petroleum products is due to the ongoing unrest in the Middle East, particularly the war between Israel and Iran.
