Update on Fuel Price Increase of Shell on March 15, 2022
FUEL PRICE INCREASE – Gasoline station Shell released an advisory containing the price hike on the prices of diesel, gasoline, and kerosene.
The Filipinos are currently struggling financially due to a lot of factors. One of these is the series of oil price hikes that have kept on pulling the prices of fuel up since January 2022. Many public utility vehicle (PUV) drivers are already appealing for assistance amid the oil price hikes.
According to the Department of Energy (DOE), the series of oil price increases is due to the high demand for oil across the globe. Prior to the war between Ukraine and Russia, the authorities said that the prices of oil may continue to go on an upward trend until May or June.
However, due to the war between Russia and Ukraine now that is affecting a lot of nations, there are forecasts the prices of oil may go even higher. A few days ago, there were reports containing the possibility of another oil price hike.
The forecast state that the price of oil can go up as much as Php 12.00 on March 15. Usually, a lot of public and private vehicle owners would load up fuel before the oil price hike.
Recently, Shell released an advisory regarding its fuel price increase on Tuesday, March 15, 2022. Based on a report on ABS-CBN, the gas station is set to increase the price of diesel by Php 13.15 per liter. The price of gasoline will go up by Php 7.10 per liter.
The kerosene will also have its own fuel price increase by Php 10.50 per liter. However, according to the report, the Department of Energy (DOE) said that there are clarifications regarding the oil price hike set on Tuesday, March 15. More updates may be posted soon.
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