Gas, diesel prices up this week
AFTER a week of pump price rollback, local oil companies will implement an increase in their petroleum products effective on Tuesday.
Major oil firms Petron Corporation and Pilipinas Shell announced on Monday that they will increase the prices of their gasoline products by P0.95 centavos per liter, diesel by P0.50 centavos per liter, while the price of kerosene will be slashed by P0.15 centavos per liter effective at 6 a.m. on Tuesday.
Chevron Philippines, another major oil firm, also imposed the same price adjustment on their petroleum products much earlier at 12:01 a.m., along with small players Seaoil Philippines and Flying V, which would take effect at 6 a.m.
Thai-led PTT Philippines, Petro Gazz, Total Philippines, Phoenix Petroleum, Unioil Philippines, and Jetti Oil also announced the same price adjustments on diesel and gasoline products which would take effect at 6 a.m. Tuesday while Clean Fuel will implement the same price increase at 4:01 p.m.
Local independent oil companies do not sell kerosene products.
PTT Communication Officer Jhay Julian said the price adjustments on petroleum products reflect movements in the international oil market.
