Default Thumbnail

Another oil price hike for 6th straight week

October 4, 2021 Edd Reyes 339 views

BIG and small oil firms imposed another big-time price hike for sixth straight week effective Tuesday.

Major oil firms Pilipinas Shell and Petron Corporation announced an increase of P2.05 per liter of their diesel and kerosene products and P1.45 per liter of gasoline effective 6 a.m. Tuesday while Chevron Philippines, another major oil firm, imposed the same price adjustment much earlier at 12:01 a.m.

Independent oil companies PTT Philippines, Petro Gazz, Phoenix Petroleum, Total Philippines, Seaoil and Unioil Philippines also announced the price increase of their diesel and gasoline products at the same level also at 6 a.m. Tuesday, while Clean Fuel at 4:01 in the afternoon.

Energy sources said the increase in pump prices follows the movement of crude prices in the global market.