Slight Increase in Gasoline and Kerosene Prices Expected on December 5

In the Philippines, motorists are advised to prepare for a minor increase in fuel prices starting December 5. Gasoline prices are anticipated to rise by PHP 0.10 to PHP 0.39 per liter. Kerosene prices are also expected to see a similar hike of about PHP 0.20 per liter.

On the other hand, diesel users can expect a price drop, ranging from PHP 0.30 to PHP 0.60 per liter, bringing some relief amidst these adjustments​​.

These changes reflect the ongoing fluctuations in the global oil market and are in line with expert predictions. The increase in gasoline and kerosene prices, coupled with the decrease in diesel costs, demonstrate the dynamic nature of fuel pricing and its impact on consumers.