Fuel prices down for diesel by PHP 3.01 per liter, up for…

Fuel prices down for diesel by PHP 3.01 per liter, up for gasoline by PHP 1.56 and kerosene by PHP 1.77 starting October 13

📌 Starting Tuesday, October 13, pump prices in the Philippines went down for diesel and up for gasoline and kerosene. The Department of Energy (DOE), announcing on Monday, October 12, said the adjustments are a PHP 3.01 per liter decrease for diesel, and increases of PHP 1.56 for gasoline and PHP 1.77 for kerosene. Diesel fell again, following last week's cut.

■ What's changing
· Diesel: down PHP 3.01 per liter (Shell: PHP 3.00)
· Gasoline: up PHP 1.56 per liter (Shell: PHP 1.50)
· Kerosene: up PHP 1.77 per liter (Shell: PHP 1.70)
· Seaoil adjusted by the same amounts as the DOE announcement. According to Philstar, these prices apply from Tuesday, October 13 through Monday, October 19.

■ Why prices are going up and down
· The DOE cited the G7's plan to release diesel reserves as a factor pushing diesel prices down, and China's halt on petroleum product exports as a factor pushing gasoline and kerosene prices up.
· According to Philstar, on October 2 the G7 agreed to release 100 million barrels of oil, mainly diesel. The DOE said this supply measure does not focus on gasoline and kerosene, so prices for those two fuels are expected to stay high.
· Last week (October 6), diesel fell PHP 1.30, gasoline rose PHP 1.93 (The Manila Times reported up to PHP 1.90), and kerosene rose PHP 3.30.

■ Tips for residents and travelers
· Prices differ slightly by company and gas station, so check the price board before filling up.
· If you drive a diesel vehicle, this week's costs go down. But gasoline rose again after last week, so fuel costs are higher for motorcycles and gasoline cars.

■ Sources
CLTV36 News (official Facebook, 10/12), Philstar (10/12), The Manila Times (10/13)

■ Photos
· 1. Stock photo · A passenger car being refueled at a gas station — The Manila Times
· 2. Stock photo · A hand refueling with a pump nozzle — Philstar