Diesel prices will surge by P11.75 to P11.95 per liter while gasoline prices will equally be on astronomical rise of P7.10 to P7.30 per liter for RON95 gasoline; and P6.85 to P7.00 per liter for RON92 gasoline.
Filipino consumers will brace for a “crucifying” historic “price shocks” next week as diesel prices will surge by P11.75 to P11.95 per liter while gasoline prices will equally be on astronomical rise of P7.10 to P7.30 per liter for RON95 gasoline; and P6.85 to P7.00 per liter for RON92 gasoline.
These ‘super spikes’ in prices will be reflected at the pumps by Tuesday based on the routine adjustments being enforced in the oil industry as anchored on the Mean of Platts of Singapore cost swings; but the calculations have not factored in yet the falling value of the Philippine peso versus the US dollar.
From last week’s adjustments, the highest prices in Metro Manila logged by the DOE had been at more than P82 per liter for gasoline in the cities of Muntinlupa and Pasay and P86 per liter in the provinces; while the highest for diesel in Metro Manila was at more than P67 per liter in Taguig City; and about P72 per liter in the provinces.
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