CEBU CITY - Motorists and transportation sectors across Cebu are bracing for another round of financial pressure as major oil companies announced substantial fuel price increases effective Tuesday, June 11.
Significant Price Adjustments
The latest price movement shows diesel taking the hardest hit with a sharp increase of P3 per liter, while gasoline products will see a P1.85 per liter hike. Kerosene, commonly used for cooking and lighting, will also increase by P2.65 per liter.
Industry-Wide Implementation
Major players in the petroleum industry including Cleanfuel, Petro Gazz, Seaoil, Shell, Caltex, and Unioil have confirmed these adjustments. The new prices took effect at 6:00 AM on Tuesday, with other companies expected to follow similar pricing patterns throughout the day.
Impact on Daily Commuters
The substantial increase in diesel prices is particularly concerning for the public transportation sector, including jeepney and bus operators who rely heavily on diesel fuel. This development will likely lead to:
- Increased transportation fares
- Higher costs for goods delivery
- Rising operational expenses for businesses
- Additional financial burden for daily commuters
This marks one of the most significant single-day increases in recent months, adding to the growing concerns about inflation and cost of living in the Central Visayas region.
