The Department of Energy (DOE) announced that diesel and kerosene prices may rise by more than P1 per liter this week, according to a report by Philstar Biz.
The price adjustment, expected to take effect this week, is attributed to movements in the global oil market. The DOE regularly monitors fuel pump prices and provides advisories on projected changes to inform consumers and industry stakeholders.
If implemented, the increase will add to the financial burden of transport operators and commuters who rely on diesel for public utility vehicles and kerosene for household lighting and cooking. The DOE advises the public to monitor official announcements for the final price adjustments.