Fuel prices to increase nearly P3 a liter starting Oct 15

Big adjustments in the prices of fuel are set to take effect from Tuesday, October 15, with nearly P3 per liter jump from last week’s costs. In separate advisories, Shell Pilipinas and Seaoil said the per-liter price of diesel would go up by P2.70, The per-liter prices of gasoline and kerosene would also be more expensive by P2.65 and P2.60, respectively. INQUIRER FILE PHOTO

Big adjustments in the prices of fuel are set to take effect from Tuesday, October 15, with nearly P3 per liter jump from last week’s costs.

In separate advisories, Shell Pilipinas and Seaoil said the per-liter price of diesel would go up by P2.70, The per-liter prices of gasoline and kerosene would also be more expensive by P2.65 and P2.60, respectively.

Rodela Romero, director of the Department of Energy (DOE) Oil Industry Management Bureau, and Jetti Petroleum said the increases could be blamed on the Middle East conflict, which could influence oil exports.

“There is also some tightening in supplies of diesel and gasoline in our region due to production cuts (ongoing refinery maintenances and refinery run cuts) and unplanned refinery outages in Indonesia and Malaysia,” Jetti said.

Last week, fuel retailers likewise increased the prices of diesel and kerosene by P1.20 and 70 centavos per liter, respectively.