Fuel prices in the Philippines have seen a mix of increases and decreases, with gasoline prices rising significantly while diesel and kerosene prices have fallen. On Tuesday, major fuel retailers such as Shell, Seaoil, PetroGazz, and Jetti Petroleum raised gasoline prices by ₱3.50 per litre, impacting motorists across the country.
In contrast, the same retailers have reduced the cost of diesel by ₱1 per litre. Additionally, Shell and Seaoil have also lowered kerosene prices by ₱1.90 per litre, providing some financial relief to households and consumers who depend on these fuels for daily use.
This latest adjustment in fuel prices follows last week’s trends, where gasoline prices slightly decreased by ₱0.30 per litre, while diesel and kerosene saw increases of ₱1.20 and ₱0.50 per litre, respectively. These fluctuations highlight the ongoing volatility in the fuel market, affecting consumers differently based on their fuel needs and usage.
The contrasting changes in fuel costs are likely to influence how motorists and households manage their transportation and energy consumption. Those relying heavily on gasoline might feel the pinch of increased expenses, while users of diesel and kerosene might find some relief in their reduced prices.