Big Fuel Price Hike Expected Next Week according to Oil Industry Management Bureau

In recent weeks, fuel prices have been fluctuating. We’ve been experiencing small and medium increments of either roll-backs or increases in prices.

Refuel G903b51a49 1920


It seems though, that a big-time price increase is expected to hit sometime next week. According to a post on the GMA News Networks Facebook page, Oil Industry Management Bureau Director Rino Abad confirmed it in an interview with DZBB.

The following is the range of the expected increase for both Gasoline and Diesel:

Diesel – P4.20 – P4.40 per liter increase
Gasoline – P3.10 – P3.30 per liter increase

Once this fuel price hike takes effect, Diesel could remain the more expensive fuel as compared to Gasoline. In any case, all motorists should brace themselves and stay tuned for more updates.

Pablo Salapantan

Pablo Salapantan

Pablo's first word was probably "Car", and this has developed into a personal passion that has consumed his professional life as well.

We will be happy to hear your thoughts

Leave a reply

YugaAuto: Automotive News & Reviews in the Philippines