DOE expects more fuel price increases in the coming weeks

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Motorists stock up on fuel before midnight of June 7 as prices are set go up.

Photo by STAR / Walter Bollozos

 

MANILA, Philippines — Consumers and motorists will likely have to brace for more rounds of fuel price increases in the coming weeks, according to an Energy department official. 

 

Earlier this week, local oil companies announced price increases of P2.7 per liter for gas, P6.55 per liter for diesel and P5.45 per liter for kerosene. 

 

"Tuloy tuloy na pagtaas ay may expectation po tayo na mangyayari at mangyayari sa mga susunod ng weeks. Wala po tayong nakikitang event — sana may dumating — na siyang mag-ooffset nung push nitong mga event na 'to na tuloy tuloy na nagiincrease ng ating price," Department of Energy Oil Industry Management Bureau Director Rino Abad said in an interview on GMA Network's Unang Balita on Wednesday. 

 

(We expect that there will be a continuous increase in the coming weeks. We don't see any event- we hope that there will be one- which will offset the increase in prices.)

 

Full Story: https://www.philstar.com/headlines/2022/06/08/2186937/doe-expects-more-fuel-price-increases-coming-weeks

 

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