The price of diesel will decrease by P0.95 per liter starting this Tuesday, April 23, 2024. Similarly, the cost of kerosene will see a reduction of P1.10 per liter.

However, the price of gasoline will rise by P0.55 per liter starting this Tuesday.

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The announcement comes a week after oil companies implemented a significant hike in the prices of petroleum products, where diesel increased by P0.95, kerosene by P0.85, and gasoline by P0.40.

The Department of Energy revealed that the price of Dubai crude from April 8-12, 2024, increased by nearly $1.20 per barrel. The international price of gasoline increased by approximately $0.20 per barrel, diesel by $1.50 per barrel, and kerosene rose by $1.60 per barrel.

(Photo by Dek Terante of Taguig.com)