Oil companies see possible big time oil price hike next week

Aileen Cerrudo   •   September 20, 2019   •   449

The estimated oil price hike may increase by over P2 per liter, bringing the price of diesel to P1.80/liter from P1.60; and gasoline to P2.30/liter from P2.10.

Meanwhile Albay Rep. Joey Salceda calls on oil companies not to exploit the attacks on Saudi Arabia just to increase oil prices in the country.

On Wednesday (September 18), Salceda said oil companies should justify any oil price increase.

“I think they have to prove to the public that they bought oil at those prices. They are taking advantage of this predisposition toward panic,” he said.

Meanwhile, The Department of Energy (DOE) has assured there is enough oil supply in the country which will still last up to 30 days.

The Energy Department is also prepared to recommend the suspension of excise tax in oil due to the incident.—AAC (with reports from Mon Jocson)

Oil prices hike again amid pandemic

Marje Pelayo   •   June 30, 2020

MANILA, Philippines — Heftier pump prices of fuel products greeted motorists Tuesday(June 30), as prices of gasoline, diesel and kerosene marked another price hike that took effect at 6:00 a.m. today.

In separate advisories, Chevron Philippines Inc., Flying V, Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will increase the price of gasoline by P0.70 per liter; diesel by P0.30/L, and kerosene by P0.40/L.

Meanwhile, Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Total Philippines Corp. also implemented the same adjustments, except for kerosene which they do not carry.

Other firms are expected to make their announcements anytime within the week.

The price hike was prompted by the movement of fuel prices in the international oil market.

Another oil price hike set for Tuesday

Robie de Guzman   •   June 22, 2020

MANILA, Philippines – Local pump prices of petroleum products are set to go up anew this week.

In separate advisories, Pilipinas Shell Petroleum Corporation, Flying V and Total said they will increase the prices of gasoline by P1.05 per liter, diesel by P0.85, and kerosene by P0.30 a liter.

Cleanfuel and Petro Gazz also announced they will implement the same price changes, excluding kerosene which they do not carry.

The oil firms said this price changes will take effect on Tuesday, June 23.

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

This is the seventh consecutive week that prices of diesel and kerosene will go up, while the cost of gasoline will be increased for the third straight week.

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Gasoline, diesel prices to go up this week

Robie de Guzman   •   June 8, 2020

MANILA, Philippines – Local pump prices of petroleum products are expected to increase this week.

In an advisory, Pilipinas Shell Petroleum Corporation said it will hike the price of its gasoline by P1.75 a liter, kerosene by P1.00, and diesel by P1.10 per liter.

Petro Gazz also announced it will implement the same price adjustment, except for kerosene which it does not carry.

The oil firms said this price changes will take effect on Tuesday, June 9.

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

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