Price Cuts Extend for Diesel, Kerosene; Gasoline Up

As reported by Philstar.com, Filipino consumers can expect another round of price adjustments at the pump this Tuesday, April 28. This marks the third consecutive week of significant price movements, reflecting the volatile global oil market. The Department of Energy has confirmed substantial rollbacks for diesel and kerosene, offering some relief to sectors heavily reliant on these fuels.

The rollback for diesel is pegged at P12.94 per liter, while kerosene will see an even steeper reduction of P15.71 per liter. These decreases are a welcome development, particularly for public transportation and households that utilize kerosene. This follows a pattern of decreases after a period of sustained price hikes that began in late February, largely attributed to tensions in the Middle East.

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The minimum rollback for diesel is P12.94 per liter, while kerosene will be reduced by P15.71 per liter.

However, the relief is not universal, as gasoline prices are set to inch up by P0.53 per liter. While seemingly minor, this increase adds to the ongoing burden for private vehicle owners. At Philstar, we strive to provide clear, timely information on these price adjustments, empowering our readers to manage their household budgets effectively amidst these fluctuating costs. The continued volatility underscores the Philippines' vulnerability to external factors affecting global energy prices.

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Gasoline prices, however, are set to increase by P0.53 per liter.