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Oil companies to impose oil price hike this week

by admin   |   Posted on Monday, February 11th, 2019

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


Oil price hike set this week

by Aileen Cerrudo   |   Posted on Monday, June 17th, 2019

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.

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Fuel prices to go up this week

by Robie de Guzman   |   Posted on Monday, May 20th, 2019

Motorists are advised to prepare for an increase in prices of petroleum products this week.

Local oil industry players on Monday announced that the price of diesel will go up by P0.80 per liter, gasoline by P0.90 and kerosene by P0.75 a liter.

The pump price hike will take effect on Tuesday, May 21.

Oil firms said the oil price increase is implemented to reflect prices in the world market.

The fuel price hike comes after two rounds of rollbacks this month.

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Oil prices to go up Tuesday

by Robie de Guzman   |   Posted on Monday, April 29th, 2019

Local fuel prices are set to increase on Tuesday (April 30).

In an advisory, Shell Philippines announced that starting at 6 a.m., the price of its gasoline products will increase by P0.75 per liter, while diesel will go up by P0.80 a liter.

Shell will also implement a P0.90 increase per liter for kerosene.

Other oil firms are expected to implement the same price hike this week.

This is the 4th straight week that gasoline prices have increased. – Robie de Guzman

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