Consumers will have to bear another increase in pump prices this week, although milder the price adjustments in the previous week.
Gasoline prices will rise by P0.40 per liter, diesel by P0.35 per liter and kerosene by P0.70 a liter. Those that sent their advisories as of Monday afternoon said that the price hike would take place at 6:00 a.m on Tuesday, July 10, 2018.
Last week, the prices of gasoline, diesel and kerosene rose by P0.65, P0.55 and P0.70 per liter, respectively. The price adjustment took place two days before the Land Transportation Franchising and Regulatory Board approved a P1.00 increase in transport fares for the first 4 kilometers. The hike brings the minimum fare at P9.00 in the National Capital Region and nearby provinces. — Victor V. Saulon