Diesel gets major rollback, gas up slightly
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Gasoline prices are up, P0.45 to P0.50 per liter starting this morning while diesel prices drop sharply by about P9.50 to P9.60 per liter, reversing last week’s increase. Kerosene prices are down to P13.00 to P13.30 per liter, while LPG users will pay more this May
Motorists and households will see mixed fuel price changes this week, with lower diesel and kerosene prices expected to ease transport costs, while gasoline and cooking gas prices slightly increase.
The Department of Energy (DoE) said Monday gasoline prices rose around P0.45 to P0.50 per liter starting this morning. Diesel prices, however, sharply drop by about P9.50 to P9.60 per liter, reversing last week’s increase.
Kerosene prices also fell by around P13.00 to P13.30 per liter.
Meanwhile, households using liquefied petroleum gas (LPG) or cooking gas will have to pay more this May, with prices increasing by about P13 per 11-kilogram cylinder.
Following the adjustments, gasoline prices in Metro Manila and other highly urbanized areas are projected to range from around P72 to P107 per liter, depending on the type.
Diesel prices are expected to fall to around P71 to P94 per liter, while kerosene prices could drop to about P112 to P137 per liter.
Enough fuel supply
Despite the changing fuel prices due to the continuing conflict in the Middle East, the government assured the public that the country still has enough fuel supply.
Latest DoE data as of 8 May showed the country has fuel stocks that could last 50.70 days as of 8 May. Gasoline supply could last 53.43 days, diesel 48.85 days, kerosene 165.83 days, jet fuel 73.01 days, fuel oil 56.79 days, and LPG 35.55 days.
“We have had a steady supply since the start of the Middle East conflict. So much effort, hard work, and dedication were invested in this by so many people in the government and private sector,” Energy Secretary Sharon Garin said.
Consumers asked to conserve fuel and electricity
Still, Garin reminded consumers to continue conserving fuel and electricity.
“But despite this level of comfort, let’s continue fuel and energy saving habits. A liter less of diesel we consume or one light less we turn on is truly a building block for a more energy resilient and sovereign nation,” the Energy chief said.
