October 6 Fuel Prices: Gasoline and Kerosene Up, Diesel Down — Gasoline up 1.90–1.93, Diesel down −1.30 pesos
📌 Starting 6:00 AM on Tuesday, October 6, fuel prices at Philippine gas stations increased for gasoline and kerosene, while decreasing for diesel. Major oil companies raised gasoline prices by 1.90 to 1.93 pesos per liter and kerosene by 3.30 pesos, while lowering diesel by 1.30 pesos.
■ What's Changing
· Shell: Gasoline +1.90, Kerosene +3.30, Diesel −1.30 pesos (per liter)
· Seaoil: Gasoline +1.93, Kerosene +3.30, Diesel −1.30 pesos
· Petron and Jetti increased gasoline by +1.90 pesos, Petrogazz by +1.93 pesos, while all lowered diesel by −1.30 pesos.
· Price adjustments set by the Department of Energy (DOE) are a maximum increase of 1.93 pesos for gasoline, a maximum increase of 3.30 pesos for kerosene, and a minimum decrease of 1.30 pesos for diesel.
■ Why It's Changing
· The DOE attributed the gasoline price hike to regional supply shortages, refinery operating conditions, and steady demand from major consuming countries. A decrease in gasoline exports by China during its National Day holiday (Golden Week) and reduced production in South Korea also had an impact.
· Diesel prices fell due to shifting supply and shipping conditions, but high freight rates mean price volatility remains high.
■ Tips for Residents and Travelers
· If you drive a gasoline car or motorcycle, your refueling costs will go up this week; diesel vehicles will see a slight decrease.
· The gasoline price increase varies slightly between 1.90 and 1.93 pesos depending on the company, so check the price board before fueling up.
· Households using kerosene will face a significant increase of 3.30 pesos per liter.
■ Sources
The Manila Times (10/6), BusinessMirror (10/5) — Adjustment margins for Petron, Jetti, and Petrogazz verified through The Manila Times (1 outlet)
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