MANILA, Philippines — The Department of Energy (DOE) announced that diesel prices would go up, while gasoline and kerosene will roll back this week, starting on Tuesday due to an oversupply of diesel on the market, and several Asian refineries returning from planned shutdowns.
Based on data from the agency, diesel prices are estimated to increase by up to P2.60 per liter, gasoline and kerosene by up to P4.30 and P1 per liter respectively.
Last week, diesel prices dropped by up to P3.01 per liter, while gasoline and kerosene increased by up to P1.56 and P1.77 per liter respectively.
