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OIL PRICE HIKE IS BACK

May 15, 2023 Edd Reyes 182 views

AFTER three consecutive weeks of fuel price rollback, local oil firms will implement a price increase in petroleum products effective today.

Chevron Philippines at 12:01 a.m. raised its prices of diesel products by P1.40 per liter, gasoline by P 0.35 and kerosene by P1.20 per liter while two other major oil firms Petron Corporation and Pilipinas Shell moved their pump prices by the same increments at 6 a.m.

Independent oil firms PTT Philippines, Petro Gazz, Total Philippines, Jetti Oil, and Eastern Petroleum in their separate advisories will implement the same price adjustments on their gasoline and diesel products effective at 6 a.m. while Clean Fuel at 4:01 p.m.

PTT Communication Officer Jay Julian said the latest increase of prices of petroleum products reflect movements in the international oil market.

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