Motorists will have to tighten their belts again as fuel prices are set to be adjusted upwards anew on Tuesday, marking the fourth straight week of hikes for gasoline, and the fifth for both diesel and kerosene.
In an advisory, Pilipinas Shell Petroleum Corp. said it will increase prices per liter of gasoline by P0.50, diesel by P4.00, and kerosene by P2.75.The changes will take effect at 6 a.m. on Tuesday, August 8, 2023, for all the firms, except for Cleanfuel, which will adjust prices at 4:01 p.m.
the same day.The Department of Energy’s Oil Industry Management Bureau last weekThis comes after firms last week alreadyLatest data available from the DOE indicate a net increase of P11.00 per liter for gasoline and P3.10 per liter for diesel, and a net decrease of P0.10 per liter for kerosene as of August 1, 2023.
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