Pump Prices to Increase, Diesel Up by P4 per Liter

Motorists are facing another round of fuel price hikes on Tuesday, April 26, with diesel increasing by P4 per liter.

Gasoline is set to increase by P3 per liter while a P4.10 price hike per liter of diesel will take effect on Tuesday, oil firms Seaoil and Clean Fuel said.

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The Department of Energy last week said factors that contributed to the fuel price hike are the easing of lockdown protocols in China which boosted demand for oil, and the slow progress of the peace talks between Russia and Ukraine.