On diesel price hike possibly reaching P4.10/liter, DOE exec says it's possible

The price hike on diesel may possibly reach more than P4.00 per liter this week, an official of the Department of Energy said on Sunday.

Citing industry estimates based on oil trading from July 31 to August 3, 2023, OIMB Assistant Director Rodela Romero told GMA News Online on Friday that the price per liter of diesel this week . Kerosene, on the other hand, may increase by P2.45 to P2.65 per liter while gasoline may be hiked by P0.15 to P0.35 per liter.

"Ang rason na nakikita natin, in a matter of one week, wala namang nababago. Itong mga pinag-uusapan ay mangyayari sa buong buwan ng August. Babantayin natin kung itutuloy ng September," Abad said regarding Saudi Arabia's fuel production cut.

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