Motorists will face higher fuel prices starting August 25, with retailers raising prices by up to P2.31 per liter for diesel. Gasoline and kerosene will see increases of up to P1.08 and 95 centavos per liter, respectively. The Department of Energy (DOE) attributed these hikes to the ongoing war in the Middle East, an oil-producing region. The country’s fuel inventory is sufficient for 47.22 days. Jetti Petroleum president Leo Bellas mentioned the price adjustments are due to geopolitical factors affecting oil supply.
E
Written by
Editorial Team
Staff writer covering breaking news, features, and long-form analysis for NewsLive. Tracking the stories that matter most.
Stay in the loop
Get the best stories
delivered weekly
Join thousands of readers who get our top stories in their inbox every week. No spam, unsubscribe any time.
Comments
Sign in to join the conversation
Sign InNo comments yet. Be the first to share your thoughts!