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MANILA, Philippines — The Energy department said Tuesday it does not foresee gas and diesel hitting P100 per liter this year even after local oil companies announced a big-time price increase in their petroleum products.

 

"There are no drastic factors...Under the situation right now and existing circumstances, we don't see that it will reach P100 [per liter]," Energy Undersecretary Gerardo Erguiza said in Filipino during a Laging Handa briefing on Tuesday.

 

As of June 2022, gasoline prices have hit as high as P82 per liter while diesel prices reached P85 per liter, according to industry figures.

 

Full Story: https://www.philstar.com/headlines/2022/06/07/2186701/p100-liter-gas-doe-says-thats-unlikely

 

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-- © Copyright Philstar 2022-06-07

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