Oil price hike set for July 2, LPG prices down
Oil prices are set to go up starting on Tuesday (July 2).
This is the third oil price hike after a series of price rollbacks in the past several weeks.
According to industry players, diesel prices will go up by P0.95 per liter. There will also be a P1.20 per liter increase in gasoline prices and P1.00 in kerosene.
Meanwhile, there is a P3.00 per liter rollback in liquid petroleum gas (LPG) prices starting Monday (July 1).
LPG PRICE ROLLBACK:
Petron – P3.40/KILO Phoenix – P3.40/KILO Solane – P3.36/KILO
Auto LPG also had a price rollback of P1.90 per liter.
Price changes in fuel products are due to the price movement of oil in the world market.
—AAC (with reports from Mon Jocson) Oil companies set price adjustments on Oct 15 A Filipino motorist (L) counts money as an attendant refuels his vehicle at a gasoline station in Mandaluyong City, east of Manila, Philippines. EPA/ROLEX DELA PENA
Oil companies have implemented price adjustment effective on October 15.
Diesel and kerosene prices will have a rollback of ₱0.10 and ₱0.40, respectively, while gasoline prices will go up by ₱0.25.
Oil firms including Flying V, PetroGazz, Phoenix Petroleum, Pilipinas Shell Petroleum Corp. and PTT Philippines have already implemented the said price adjustments on Tuesday at 6:00 a.m.
—AAC Another oil price rollback set next week
Industry players are set to implement an oil price rollback next week due to the increase of fuel supply in oil exporting countries.
Diesel prices are estimated to drop from P0.85-P1.10 per liter while gasoline prices are estimated to drop from P0.75-P1.00 per liter.
For this year, there has been a net increase of P10.04/L in gasoline, P8.04/L in diesel, and P.4.87/L in kerosene.
There have been 14 oil price rollbacks implemented this year.
—AAC (with reports from Mon Jocson) Oil price rollback looms this week
Oil companies are set to have an oil price rollback this week.
Phoenix Petroleum already implemented an oil price rollback on Sunday (September 29). Their gasoline price went down by P1.55 per liter while diesel was down by P0.50 per liter.
SEAOIL Philippines has also reduced their gasoline price by P1.45/liter, diesel by P0.60/liter, and kerosene by P1.00/liter.
Meanwhile, Petro Gazz and Pilipinas Shell will implement the price rollback on Tuesday (October 1).
Petro Gazz cut prices of gasoline by P1.55/liter and diesel by P 0.50/liter while Pilipinas Shell will cut prices of gasoline by P1.45/liter, diesel by P0.60/liter and kerosene by P1.00/liter.