An Increase In Oil Prices Is Expected This Tuesday
OIL PRICE – There would be another price increase in oil products to be implemented on Tuesday (May 20, 2019) according to oil firms.
Last month, on April 23, 2019, oil companies also imposed an oil price hike that increased the prices of gasoline by P0.10 cents per liter.
Filipino motorists, vehicle owners and even commuters struggles over the past few months to keep up with the price increases.
The increase in oil price is also believed to cause a domino effect creating a chain reaction and also affecting the prices of other products necessary for daily routines.
According to Petro Gazz and Shell, the hike would increase the prices of diesel by P0.80 cents per liter and P0.90 cents per liter of gasoline.
Shell also announced to impose P0.75 cents per liter increase in kerosene prices.
The new prices will be effective by 6 am on Tuesday.
This announcement was already posted by ABS CBN News. This is according to an article from their website.
After they have posted the news on their Facebook page, netizens expressed various reaction through the comments.
“Tapos na nga eleksyon, magtataasan na ulit mga bilihin. [The election was done, everything will now become more expensive again]” – Facebook User Bea Serrano – Raymundo
“Feeling ko Sunod na balita ang pagtaas ng pamasahe: dahil sa pagtaas ng presyo ng gas pamasahe sa jeep magtataas ng piso..sana wag naman. [I have a feeling that public transport fares would follow the increase, jeepney fares could increase by P1 due to the increase in oil price. I hope not.]” – Facebook user Ofelia Siano Salibad
“Palagi nman gataas anu pba pinagbago jan hahahha sanay na kmi sunod bigas nmn itataas nyan magugulat pba kmi ayyy nku. ..nman. [There’s always an increase, what’s new? We’re used to it, rice will also increase soon, are goin to be shocked?]” – Facebook user Redge Choi San
To combat the oil price hikes, you may look for alternatives and gas saving tips online and apply them in your daily activities.
That is all there is to it, at least for now. We’ll post updates as soon as we got them.
