After cutting back fuel prices in the past two weeks, they have again increased fuel prices to reflect the slight increase in world oil prices last week.
In separate text messages, Chevron Philippines Inc., Petron Corp., Pilipinas Shell Petroleum Corp., Seaoil Philippines Inc., and Total (Philippines) Corp. said they hiked the price of unleaded and premium gasoline by P0.25 per liter, regular gasoline by P0.60 per liter, and diesel and kerosene by P0.30 per liter at 6 a.m., Tuesday.
The latest price adjustment is the first for the month, after two price cuts in the last two weeks of January, local oil companies have increased unleaded and premium gasoline prices by P2.65 per liter, regular gasoline by P2.55 per liter, diesel by P1 per liter, and kerosene by P0.80 per liter.
According to the Department of Energy monitoring, following the price increase the suggested retail price of unleaded and premium gasoline now amounts to P50.98 per liter to 59.09 per liter, diesel P43.84 per liter to P47.43 per liter, and kerosene P49.91 per liter to P55.46 per liter.Read More
for detailed price charts.
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