Fuel Price Hike Expected Next Week, Oil Companies Say
OIL PRICE UPDATE – Several oil companies in the country are expected to implement another round of fuel price hikes next week.
In today’s economy, the cost of petroleum products plays a crucial role in the nation’s overall financial landscape. Pump price adjustments typically have a significant impact on the cost of goods and services throughout the country.
The upcoming pump price hike will undoubtedly add to the daily burden of Filipino people, especially those who rely on public transportation for their livelihoods and individuals who use private vehicles to reach their destinations.

Filipino motorists are advised to brace themselves for possible increases in the prices of petroleum products, including gasoline, diesel, and kerosene. These increases will undoubtedly affect transportation, freight, commodity prices, and the cost of living for Filipino families.
Gasoline prices are expected to surge by P1.35 to P1.65 per liter, while diesel prices will see an increase of P0.25 to P0.55 per liter, and kerosene prices will climb by P0.40 to P0.60 per liter. These price adjustments are scheduled to take effect on Tuesday, July 25, 2023.
Last Tuesday (July 18, 2023), gas stations imposed a big-time oil price hike.
The impending increase in Philippine fuel prices can be attributed to global developments, particularly oil production decreases by Russia and Saudi Arabia.
The projected fuel prices are still subject to change. Oil firms typically release an official announcement every Monday and implement any adjustments on the following day.
This is a developing story, just visit this website regularly or refresh the page for further updates.
What can you say about the looming fuel price hike? Just feel free to leave your comments and reactions to this article.
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