Mixed adjustment on oil prices bared

May 24, 2021 Edd Reyes 76 views

ANOTHER mixed adjustment on pump prices of petroleum products will be implemented by local oil companies effective Tuesday.

At 12:01 a.m. Tuesday, Chevron Philippines Inc. will increase its prices of gasoline products by P0.15 per liter, diesel by P0.25 per liter while a price rollback of P0.15 centavos will be carried out on kerosene.

Pilipinas Shell and Petron Corporation also implemented the same price adjustment at 6 a.m. Tuesday while small player Clean Fuel only implemented a P0.25 per liter increase on diesel and no price movement on gasoline effective at 4:01 in the afternoon.

Thai-led PTT Philippines, Total Philippines, Phoenix Petroleum, Sea Oil and Unioil Philippines also implemented the same price adjustments on their diesel and gasoline products effective at 6 a.m. Tuesday.

Energy sources in their earlier forecast said prices of gasoline will not be affected but the sudden increase of prices of ethanol resulted in a minimal increase of prices of gasoline products.