MANILA, Philippines —The Department of Energy (DOE) on Monday announced that diesel prices would go down while gasoline and kerosene would increase this week due to the G7’s planned diesel reserve release, and China’s fuel export suspension.
According to the agency, diesel prices will go down by around P3.01 per liter, while gasoline and kerosene will go up by around P1.56 and P1.77 per liter respectively.
This will be the second consecutive week that diesel prices have decreased while gasoline and kerosene have gone up.
Last week, based on available price adjustment bulletins, diesel prices went down by up to P1.30 per liter while gasoline and kerosene increased by up to P1.90 and P3.30 per liter respectively.
