Starting this Sunday, drivers and businesses across the region will face higher costs for key petroleum products, after official announcements confirmed steep retail price increases for gasoline, diesel, and kerosene.
The most dramatic jump is seen in kerosene, a fuel widely used for heating and cooking in many residential and small commercial settings, which will rise by $1.03 per liter to hit a new retail rate of $2.56 per liter. Gasoline, the primary fuel for passenger vehicles and light freight, will see a 28-cent per liter increase, pushing its retail price to $4.01 per liter. Diesel, the dominant fuel for heavy transport, logistics, and construction equipment, will see a more modest six-cent per liter rise, bringing its new retail price to $3.21 per liter.
The price adjustments, which were confirmed in an official press release, are set to ripple through multiple sectors of the economy. Higher gasoline prices will directly increase household transportation costs for daily commutes and personal travel, while elevated diesel prices will likely put gradual upward pressure on goods delivery costs, which may eventually be passed through to consumers at retail outlets. For households reliant on kerosene for off-grid heating, the sharp jump in prices is expected to create added financial strain heading into the coming months.
The new pricing structure will go into full effect at all licensed retail fuel outlets starting Sunday, with no transition period for existing stock.