According to separate advisories from oil companies, the price of diesel will be increased by up to 2.10 per liter, gasoline by 1.50 per liter and kerosene by 1.20 per liter.
The price hike was announced by oil companies including Sea Oil, Petro Gazz, Shell Pilipinas and Caltex.
Last week, the price of gasoline was reduced to P0.10 per liter, while diesel increased by 0.75 per liter and kerosene by P0.50 per liter.
Department of Energy Assistant Director Rodela Romero said the rise in prices in the world market is the result of a series of hurricanes in the Gulf of Mexico, where the United States has oil rigs.
The depreciation of the peso against the dollar also contributes to the oil price hikes.
Abner is an award-winning journalist. He received the prestigious 2015 Titus Brandsma Award for Community Communication in the Philippines and participated in the 2016 International Visitor Leadership Program (IVLP) of the United States of America, sponsored by the US Embassy in the Philippines. Founder of WATCH NORTH COTABATO, a media-citizens’ transparency group. He worked as a correspondent for the Philippine Daily Inquirer and CNN Philippines. His experience in broadcasting includes anchoring for Brigada News FM in Kidapawan and General Santos City and Brigada News TV. He anchors Tira Brigada via 105.1 Brigada News FM Manila, Mondays-Saturdays.