Gasoline prices surge to P71/liter in some areas

A motorcycle driver pulls into a gas station to have his fuel tank refilled in Metro Manila. ABS-CBN NEWS

MANILA – Pump prices of gasoline have surged to as high as P71 per liter in select provinces in the country, given the recent increase in global oil prices.

According to a report on GMA’s “24 Oras,” the price per liter of gasoline in Odiongan, Romblon are now at P71.17, and diesel at P57.46.

In Metro Manila, diesel prices average P37.15 per liter, and gasoline at P48.60 per liter.

The report said Odiongan mayor Trina Firmalo-Fabic has already ordered the Municipal Price Coordinating Council to look into the high pump prices this week.

The Department of Energy (DOE) is also set to conduct an investigation into the high prices of diesel and gasoline in the area.

Aside from Odiongan, higher prices were also registered in Laoag, Ilocos Norte, where gasoline is at P62.70 per liter, and diesel at P49.90 per liter.

Oil firms earlier in the day announced a hike in prices starting Tuesday, October 2: diesel by P1.35 per liter, gasoline by P1 per liter, and kerosene by P1.10 per liter.

In an interview on News To Go, Rodela Romero, assistant director of the Department of Energy’s Oil Industry Management Bureau, said the hike was due to developments overseas.

“Basically po, dahil sa strength in crude market, ‘yun po ang dahilan kung bakit tumaas ang ating mga finished products like gasoline, diesel, and LPG,” she said.

Dahil po sa kaguluhan sa Middle East… and then nagkaroon din po ng mga market uncertainties, at the same time po tighter po ‘yung crude inventories at tsaka po ‘yung pagbaba ng production ng Venezuela.” (GMA News)


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