CEBU CITY, Philippines – Motorists and vehicle owners using diesel will have to brace for higher fuel costs as oil companies are set to increase diesel prices. The Department of Energy (DOE) announced on Monday, July 6, that local oil companies will implement a rollback in gasoline alongside increases in diesel and kerosene starting Tuesday, July 7. The DOE's Oil Industry Management Bureau (OIMB) showed that gasoline products — RON 97, RON 95, and RON 91 — will face a permitted price rollback ranging from ₱1.75 per liter to an increase of ₱0.25 per liter. According to the DOE, the price adjustments are based on the average international prices of crude oil and other refining costs. The DOE added that the adjustments will be implemented starting 6:00 a.m. tomorrow, July 7. Motorists and vehicle owners are advised to check the prices at fuel stations in their area before filling up their tanks. The DOE has urged the public to be aware of the price changes and to plan their fuel purchases accordingly.

The public is advised to check the prices of fuel at various stations before purchasing.

Oil companies have been implementing regular price adjustments to reflect changes in global oil prices, refining costs, and other market factors.

The DOE has been regularly monitoring the global oil market to ensure that fuel prices remain stable and responsive to changes in the market.

The public can monitor the latest fuel price updates on the DOE's website and social media channels.

Key Facts

  • Diesel prices are expected to increase ₱3.00 per liter.
  • Gasoline prices will face a rollback, ranging from ₱1.75 per liter to an increase of ₱0.25 per liter.
  • The price adjustments will be implemented starting 6:00 a.m. tomorrow, July 7.
  • Motorists and vehicle owners are advised to check the prices at fuel stations in their area before filling up their tanks.
  • The DOE has urged the public to be aware of the price changes and to plan their fuel purchases accordingly.

The Department of Energy (DOE) announced on Monday, July 6, that local oil companies will implement a rollback in gasoline alongside increases in diesel and kerosene starting Tuesday, July 7.

The DOE's Oil Industry Management Bureau (OIMB) showed that gasoline products — RON 97, RON 95, and RON 91 — will face a permitted price rollback ranging from ₱1.75 per liter to an increase of ₱0.25 per liter.

According to the DOE, the price adjustments are based on the average international prices of crude oil and other refining costs.

The DOE added that the adjustments will be implemented starting 6:00 a.m. tomorrow, July 7.

Motorists and vehicle owners are advised to check the prices at fuel stations in their area before filling up their tanks.

The DOE has urged the public to be aware of the price changes and to plan their fuel purchases accordingly.

Oil companies have been implementing regular price adjustments to reflect changes in global oil prices, refining costs, and other market factors.

The DOE has been regularly monitoring the global oil market to ensure that fuel prices remain stable and responsive to changes in the market.

The public can monitor the latest fuel price updates on the DOE's website and social media channels.