MOTORISTS will be greeted with a fresh round of fuel price hikes at the start of “ber” months, with gasoline prices now up for the third consecutive week.
In separate advisories, Petron, Seaoil, PetroGazz, and Cleanfuel said gasoline and kerosene prices would rise by 70 centavos a liter, while the per-liter price of diesel will increase by P1 starting today, Sept 2.
Industry sources earlier said the increases could be blamed on persistent tensions involving major economies.
“Crude oil and refined fuel prices have rebounded this week, driven by concerns of supply disruptions after Russia and Ukraine intensified their attacks on each other’s energy infrastructure, and worries that new US sanctions on Russia and buyers of Russian crude oil will restrict global supply flows,” Jetti president Leo Bellas said in a previous statement. (Lisbet K. Esmael © Philippine Daily Inquirer)
