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Oil companies to impose oil price hike this week

by admin   |   Posted on Monday, 11 February 2019 01:56 PM

MANILA, Philippines —  After last week’s rollback, oil companies are set to impose a price hike on petroleum products this week.

Industry players said that there will be a P0.90 to P0.95 per liter increase for gasoline while P 0.50 to P0.55 per liter increase for diesel.

Also, there will be a P0.80 to P0.90 per liter increase for kerosene.

Meanwhile, a large percentage of gasoline stations in the country have already implemented the oil excise tax. In relation to the oil price hike, Sen. Bam Aquino called once again on President Rodrigo Duterte to suspend the implementation of the oil excise tax. — UNTV News and Rescue


Pump price to go up anew this week

by UNTV News   |   Posted on Monday, 18 March 2019 10:32 AM

Oil companies have announced that another pump price adjustment is set to be imposed this week.

The industry players said, each liter of diesel will likely go up by P0.25 to P0.35 while a P0.40 to P0.50 increase might be applied to kerosene.

Gasoline is also up by more than one peso per liter.

From January until March 16 this year, the price of diesel has gone up by at least P6.59; kerosene by P4.00 and gasoline by P5.99.

The oil price hike is due to the oil price movement in the world market. — Freema Salonga – Gloria


Big-time oil price hike seen next week

by UNTV News   |   Posted on Saturday, 16 March 2019 06:11 PM

A big-time oil price hike is likely to be implemented next week to reflect the movement of prices in the world market.

Based on the estimates of local oil industry players, the price of gasoline will to go up by P1.50 to P1.60 per liter, diesel by P0.25 to P0.35 and kerosene by up to P0.50 a liter.

This will be the sixth consecutive weekly increase as oil firms implement the latest adjustment in oil prices every Tuesday. – Robie de Guzman

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Oil prices likely to go up next week

by UNTV News   |   Posted on Friday, 8 March 2019 11:30 AM

Prices of petroleum products are likely to increase next week following the price adjustment implemented on Tuesday (March 5).

Oil Industry Players estimate the price of gasoline to go up by P0.80 to P1.00 per liter while diesel by P0.05 to P0.10 a liter.

Oil firms, however, clarified that the figure is not yet final as there are still a few trading days left before the amount of final price adjustment on pump prices can be announced. – Robie de Guzman/Mon Jocson