Another oil price hike seen next week
Motorists may have to shell out more money next week as local oil firms announce another possible round of price hikes.
Oil Industry Players estimate the price of gasoline to increase by P0.70 to P0.75 per liter and diesel by P0.10 to P0.15 a liter.
If it pushes through, this would be the seventh consecutive week that local pump prices have increased.
– Robie de Guzman Oil prices to go up this week MANILA, Philippines – Local prices of petroleum products are set to go up this week, fuel companies announced during the weekend.
In separate advisories, Chevron Philippines (Caltex) and Petro Gazz said they will impose price increase effective Tuesday, August 20.
Chevron Philippines said it will hike prices of its gasoline by P.0.50 per liter, diesel by P0.75 and kerosene by P0.50 a liter.
Petro Gazz will also impose similar price increase but only for diesel and gasoline.
Other local oil firms are yet to announce any adjustment to the prices of their petroleum products.
Oil price hike looms this week
Oil prices are set to increase on Tuesday (July 16) due to a surge in the global fuel prices.
Oil companies including Unioil, Seaoil, and Shell will increase prices in gas by P1.05 per liter, diesel and kerosene by P0.70 per liter.
—AAC Oil price hike set this week
After three consecutive weeks of rollback, oil companies are set to increase prices this week.
This is due to the oil price movement in the world market.
Diesel prices are set to increase from P0.10-P0.20 per liter while gasoline and kerosene will increase from P0.30-P0.40/L and P0.20-P0.30/L respectively.