Big-time oil price hike looms in January 2020

Marje Pelayo   •   December 27, 2019   •   1044

MANILA, Philippines – The last tranche of excise tax on fuel will take effect from January to April next year.

This means that the price of gasoline will have an additional P1.12/L; additional P1.68/L on diesel; additional P1.12/L on kerosene and P1.12/L on liquefied petroleum gas (LPG).

In line with this, the Department of Energy (DOE) has previously advised oil companies to submit their respective inventory reports on or before December 31 to make sure that the provisions regarding excise tax on fuel products are properly enforced.

Likewise, the DOE warned oil retailers that they can only impose the second round of the tax hike “on new inventories imported or produced from local refineries in 2019.”

Oil price hike set for Sept. 22

Robie de Guzman   •   September 21, 2020

MANILA, Philippines – Local prices of petroleum products will increase anew this week.

In separate advisories, Seaoil Philippines and Pilipinas Shell Petroleum Corp announced the prices of their gasoline per liter will go up P0.60 a liter, kerosene by P0.55 and diesel by P0.20.

Cleanfuel and PetroGazz also announced the same amount of price adjustment except for kerosene which they do not carry.

The price hike will take effect on Tuesday, Sept. 22.

Other oil companies have yet to announce price adjustments for the week.

The price hike comes after oil firms implemented rollback last week.


Oil prices to go up Tuesday

Robie de Guzman   •   July 27, 2020

MANILA, Philippines – Prices of petroleum products will go up this week according to the announcement of oil companies.

In separate advisories, Pilipinas Shell Petroleum Corp. and Chevron Philippines Inc. (CALTEX) said they will hike prices of per liter of gasoline by P0.30, diesel by P0.25, and kerosene by P0.30.

Cleanfuel, PTT Philippines, and Petro Gazz also announced the implementation of the same adjustments except for kerosene which they do not carry.

The price hike will take effect on Tuesday, July 28.

Other oil firms have yet to make announcements for the price increase.

The increase in oil prices follows the rollback implemented for gasoline last week.


Oil price hike set this week

Marje Pelayo   •   July 13, 2020

MANILA, Philippines — After last week’s rollback, oil companies are set for another oil price  increase this week. 

The estimated price increase, according to industry players, may be from:

P0.55 to P0.65 per liter for gasoline; P0.30 to P0.40 per liter for diesel;P0.30 to P0.40 per liter for kerosene.

The price increase is due to growing demand in the global market as industries affected by the COVID-19 pandemic gradually reopen.



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