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Philippines Fuel Prices Surge Again, Burdening Households
Fuel retailers in the Philippines announced significant price hikes, with gasoline increasing by over P5.60 per liter and diesel by P4.30. This marks the second consecutive week of major adjustments, raising concerns about the financial strain on households.
Motorists will have to pay more for petroleum products this week, as fuel retailers on Monday announced another round of upward adjustments, marking the second straight week of major price hikes. Below are advisories from retailers that have made announcements so far: Petro Gazz Seaoil Philippines Corp. Shell Pilipinas Corp. Unioil Petroleum Philippines Inc. The adjustments will take effect at 6 a.m. on Tuesday, September 15. Other firms have yet to make similar announcements for the week. Firms last week raised gasoline prices by P4.10 to P4.70 per liter, diesel by P4.60 to P5.20, and kerosene by P5.58 to P5.60. This brought year-to-date adjustments to an average year-to-date net increase of P59.32 per liter for gasoline, P60.46 per liter for diesel, and P53.45 per liter for kerosene. —AOL, GMA News
Original source
GMA Money Philippines