Oil prices to increase anew this week
MANILA, Philippines – Local pump prices of petroleum products will be adjusted once again this week as oil firms announced another round of price increases.
In separate advisories, Pilipinas Shell Petroleum Corp., Chevron Philippines Inc., and Seaoil Philippines will hike prices per liter of gasoline by P0.55, diesel by P0.90, and kerosene by P0.95.
Cleanfuel and Petro Gazz also said they will implement the same price increases, except for kerosene that they do not carry.
The price increase will take effect on Tuesday, September 28.
Other oil companies have yet to make similar announcements for the week.
The price movement marks the fifth straight week of increases.
Hefty oil price hike expected this week
Motorists have to brace for an increase of up to P2.00 in oil prices this week. According to industry players, diesel prices will go up by P1.40 to P1.50 per liter while kerosene prices will increase from P1.30 to P1.40 per liter.
This marks the 8th consecutive increase in fuel prices, bringing the cumulative price hike on diesel to P7.15 per liter; P5.40 per liter for gasoline, and P6.75 per liter for kerosene.
Oil companies have yet to announce the date of effectivity for the said price hike. AAC
Big time oil price hike looms this week
MANILA, Philippines—Oil prices are set to increase by around P2.00 this week.
Oil industry players said gasoline prices will increase by P1.45 to P1.55 per liter while diesel prices would go up by P1.95 to P2.05 per liter. For kerosene prices, oil firms estimated the increase at P1.90 to P2.00.
The Department of Energy (DOE) previously reported an increase in prices of liquefied petroleum gas (LPG) effective October 1.
Oil companies, except Liquigaz, notified to increase LPG prices by P4.00/kg on October 1 and another P3.40/kg increase effective on October 8. Liquigaz has a one-time increase of P7.40/kg, which took effect on October 1.
Prices of household LPG in Metro Manila are estimated to range from P824 to P1,039 and may increase to about P861-P1, 076 starting October 8. AAC
Oil price hike set for September 21
MANILA, Philippines—Oil companies are set to increase prices starting Tuesday, September 21.
Local pump prices of petroleum products will go up again this week as announced by oil firms.
In separate advisories, Seaoil, will implement an increase of P0.80 in its gasoline and diesel prices while price for kerosene will be up by P0.85.
Total Philippines Corporation (TPC) will also implement similar adjustments in its gasoline and diesel prices.
Meanwhile, for Cleanfuel, gasoline prices will be up by P0.65 and diesel prices will be up by P0.70 effective Tuesday.
Other oil firms have yet to make similar announcements. AAC