OIL PRICE HIKE: The price increase in gasoline and diesel products takes effect today while the price of kerosene products remains the same.
MANILA, Philippines — Oil price hike on petrol products is now in effect.
Effective 6 a.m. today, Flying V, Petron, Shell and SEAOIL increased their price of gasoline by 35 centavos per liter and 80 centavos for a liter of kerosene.
The same increase takes effect on gasoline and diesel products of Eastern Petroleum, Total, PTT Philippines and Phoenix Petroleum, though their price of kerosene remains the same.
The increase in the price of oil is based on the price of petroleum products in the world market. — UNTV News & Rescue
Oil price hike expected this week
MANILA, Philippines — After two consecutive oil price rollbacks, another price hike on petroleum products is underway.
According to industry players, gasoline prices will increase by P0.10 to P0.20 per liter, diesel by P0.30 to P0.40 per liter and kerosene by P0.40 to P0.50 per liter.
The Department of Energy said the devaluation of the peso had a huge effect on oil prices.
Peso to dollar exchange reached P54 last week. Dollars are used in procuring imported petroleum products abroad. — UNTV News & Rescue
Oil price hike on Labor Day, May 1
Oil players set to announce another round of price increase on Labor Day, Tuesday, May 1.
The price of gasoline is expected to increase by 70 centavos per liter while diesel and kerosene will have 80 centavos per liter increase.
The price hike on petroleum products is due to price adjustments in the world market. – Mon Jocson | UNTV News & Rescue
Fuel price hike expected this week
PETROLEUM PRICE HIKE. Oil firms are set to hike prices of petroleum products this week.
MANILA, Philippines — After a minor price rollback last week, oil firms are set to hike prices of petroleum products this week.
According to industry players prices of diesel will go up by P0.60-P0.70 per liter; gasoline by P0.30-P0.40 per liter; and kerosene by almost P1.00.
Increase in fuel prices is driven by prices of petroleum products in the global market. — UNTV News & Rescue