Diesel to go up by PHP 4.20-4.40 and Gasoline by PHP 1.40-1.60 on June 14, 2022
The short URL: https://auto.yugatech.com/go/4kdb
It seems another big fuel price increase is set to take place sometime next week. According to industry sources, as reported by news outlets, the fuel price increases are set for June 14, 2022.
Here are the corresponding increases for Diesel, Gasoline, and Kerosene:
Diesel: PHP 4.20USD 0.07INR 6EUR 0.07CNY 0.52-4.40
Gasoline: PHP 1.40USD 0.02INR 2EUR 0.02CNY 0.17-1.60
Kerosene: PHP 4.70USD 0.08INR 7EUR 0.08CNY 0.58-4.90
What makes this fuel price increase significant is the fact that just this week the Department Of Energy (DOE) said that fuel prices were unlikely to hit a price of PHP 100USD 2INR 145EUR 2CNY 12 per liter. With the current trend though, it might just happen, the incoming price hike will bring fuel closer (or over) the PHP 80USD 1INR 116EUR 1CNY 10 per liter price.
