Gas Stations to Impose Another Oil Price Hike This Week
Several gas stations across the country have confirmed another oil price hike set for Tuesday (September 19, 2023).
On Monday (September 18, 2023), various oil companies announced a hefty increase in pump prices for gasoline, diesel, and kerosene, subjecting Filipinos to another round of increasing fuel prices.
This marks the tenth consecutive week of upward movement for gasoline and the 11th for both diesel and kerosene.
Chevron Philippines Inc. (Caltex) and Pilipinas Shell Petroleum Corp. have officially stated, in separate announcements, that they will be raising gasoline prices by P2.00 per liter, diesel prices by P2.50, and kerosene prices by P2.00 per liter.
Cleanfuel will also implement similar price adjustments, with the exception of kerosene, which it does not carry.
Caltex is going to increase rates at 12:01 a.m., while Cleanfuel will implement the price changes at 4:01 p.m. on the same day. Other fuel companies have yet to make similar announcements later this week.
Gasoline prices increased by P0.20 per liter, diesel prices increased by P0.40, and kerosene prices increased by P0.20 last week.
As of September 12, 2023, the year-to-date net increases reached a total of P15.50 per liter for gasoline, P11.10 per liter for diesel, and P7.94 per liter for kerosene, according to the latest data available from the Department of Energy.
To ease the burden on consumers and public utility vehicle (PUV) operators, the Land Transportation Franchising and Regulatory Board (LTFRB) began releasing fuel subsidies on September 13, 2023.
READ ALSO: Fuel Companies to Impose Oil Price Hike on Tuesday (September 12)
The relentless surge in fuel prices adds to the challenges faced by the Filipino people, especially those in the transportation sector.
The social media users expressed their reactions to the looming fuel price hike:
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