Up to P15/liter hike in diesel, P12/liter in gasoline expected next week

Motorists will have to brace for another round of oil price hikes next week, with diesel rising to up to P15 per liter and gasoline up to P12 per liter.

According to Maki Pulido’s Thursday report on “24 Oras,” industry sources said that based on the fuel prices in the global market in the past two days, diesel may climb by P13 to P15 per liter, gasoline by P10 to P12, and kerosene by P6.

However, the prices may change depending on the market price in the following days.

Fuel hikes this week were implemented in staggered increases.

The Department of Energy (DOE) said the big price hike is likely to continue next week, but it cannot provide its projection of prices.

It urged the public not to panic buy since the country has a sufficient supply.

However, motorists continue to arrive at a gas station in Quezon City, a scenario that its personnel said is not normal.

Amid higher liquefied petroleum gas prices, an eatery reduced food portions instead of raising prices. But rising oil prices have also led to fewer customers.

DOE urged the public to report fuel overpricing through their website, as they cannot monitor every gas station since there are around 14,000 nationwide.

The Manila and San Juan local government units earlier conducted an inspection of gasoline stations in their respective areas. — Mariel Celine Serquiña/LDF, GMA Integrated News