Fuel prices seen to rise this week

Posted at 09/01/14 4:06 PM

MANILA, Philippines – After seven consecutive rollbacks, motorists are in for a spike in gasoline prices.

Diesel and kerosene prices are also expected to go up within the week.

The Department of Energy (DOE) said gasoline prices will go up by less than P1 per liter while estimates from sources said the spike range is from P0.70 to P0.85 per liter.

DOE said diesel prices may go up by less than P0.50. Sources said the range will be from P0.20 to P0.30 per liter.

The DOE sees a rollback in liquefied petroleum gas (LPG) prices of around P0.80 per kilo.

Mobile quality vans

Meanwhile, the DOE has launched six mobile quality vans that will be deployed in Luzon, Visayas and Mindanao.

The vans have equipment that will test the quality of fuel sold in gas stations.

Through the vans, the results can be known in just hours whether the fuel sold complies with standards like biofuel content or smuggled from neighboring countries.

Energy Undersecretary Zenaida Monsada said in case the quality of fuel products is found compromised, the DOE can close specific pumps.

Petron spokesperson Charmaine Canillas said the tests using the fuel quality vans will ensure that consumers are getting what they pay for.

Of the six vans, four will be for Luzon while one each will be assigned to Visayas and Mindanao.