New price hike for gasoline seen on May 12

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Originally published byPhilippine Daily Inquirer

Motorists may see mixed oil price movements next week, May 12, with gasoline slated for another price hike. Based on the first four trading days, an industry source said Friday that gasoline prices may go up by P1 to P4 per liter. READ: Diesel, gasoline price hikes set on May 5 Diesel, meanwhile, may drop by P6 to P8 per liter. This week, local fuel retailers implemented an increase of up to P2.66 and P2.21 per liter for diesel and gasoline, respectively. Oil firms are scheduled to make announcements for their official price adjustments on Monday. The Department of Energy, […]...

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