Gasoline prices are expected to rise by 2.00 to 2.20 pesos and diesel to drop by 1.80 to 2.00 pesos next week

📌 On Friday, October 9, the Department of Energy (DOE) and the oil industry projected that gasoline prices will increase by 2.00 to 2.20 pesos per liter and diesel prices will decrease by 1.80 to 2.00 pesos per liter next week. This follows a trend where gasoline goes up for the second consecutive week and diesel goes down for the second consecutive week, with Philstar reporting the implementation for Tuesday, October 13.

■ What's changing
· Gasoline: Projected increase of 2.00 to 2.20 pesos per liter
· Diesel: Projected decrease of 1.80 to 2.00 pesos per liter
· Kerosene outlook was not mentioned in the reports.
· Effective date: Tuesday, October 13 (Philstar), "next week" (The Manila Times)
· During this week's adjustment, diesel dropped by up to 1.30 pesos and gasoline rose by up to 1.93 pesos.

■ Why prices are moving
· Gasoline: Supply pressures continue due to China's temporary suspension of refined oil exports, alongside strong regional demand and low inventory.
· Diesel: This is driven by the G7's decision to release 100 million barrels of crude oil and diesel from emergency reserves. Rino Abad, Director of the DOE Oil Industry Management Bureau, stated that the market is closely watching this announcement.
· These figures are estimates based on four days of Singapore international market prices, so actual adjustment amounts may vary by oil company.

■ Tips for residents and travelers
· Gasoline vehicle and motorcycle owners can save a little by fueling up before the adjustment on Monday (Oct 12).
· Conversely, diesel vehicle owners are better off fueling up after the adjustment.
· Jeepney and tricycle fares are separate from this outlook, so please check the on-site fare matrix.

■ Sources
Philstar (10/10), The Manila Times (10/10)