Filipinos face higher fuel costs as prices rise by up to P2.70 per liter, due to global oil supply issues.

Filipinos will face higher fuel costs starting January 21, with gasoline prices rising by P1.65 per liter, diesel by P2.70, and kerosene by P2.50. This marks the third price increase in January, totaling P3.45 for gasoline, P5 for diesel, and P4.30 for kerosene. The Department of Energy cites tighter global oil supply due to sanctions on Russian oil as the cause, leading to increased crude shipping costs. Prices could reach P70 per liter for gasoline, P60 for diesel, and P75 for kerosene.

2 months ago
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