Oil price hike to welcome October

MANILA, Philippines — Motorists can expect higher fuel prices beginning October 1. 

In separate advisories, PTT Philippines, Cleanfuel, and more oil firms announced the following fuel price adjustments. 

• Gasoline: Up by P0.45/ liter
• Diesel: Up by P0.90/ liter
• Kerosine: Up by P0.30/ liter

Caltex, Shell, Seaoil, Jetti Petroleum, PTT Philippines and Unioil will implement the oil price hike at 6 a.m., while Cleanfuel will implement fuel price increase at 4 a.m. on the same day. 

This is the second week in a row that fuel prices have increased. 

The Department of Energy-Oil Industry Management Bureau has attributed this price hike due to growing tensions in the Middle East after Israel attacked Lebanon.

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