Big-time oil price hike takes effect this week
MANILA, Philippines – Oil companies are set to impose big-time oil price hike this week.
Shell announced that effective 6:00 AM Tuesday (December 31), it will impose an additional P0.80/L on gasoline; P0.50/L on diesel and P0.35/L on kerosene.
Unioil, meanwhile, said it will add P0.45/L to P0.55/L to the price of diesel and P0.85/L – P0.95/L to gasoline.
Oil firms clarified, however, that the price adjustment does not include the impending excise tax on fuel set for 2020.
Industry players said the oil price hike follows price adjustment in the world market.
Oil price hike set for Sept. 22 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 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
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.