MANILA – Oil firms are set to raise their prices starting Tuesday, marking the fourth consecutive week of an increase.
In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, and Total said they will increase PHP0.75 per liter on gasoline products, and PHP0.70 per liter on diesel.
Likewise, Caltex, Seaoil, and Shell will hike kerosene prices by PHP0.70 per liter.
Other oil companies have yet to announce the same price adjustments.
“Dubai crude has increased week-on-week by almost USD1.20 per barrel. MOPS (Means of Platts Singapore) gasoline and diesel have also increased by around USD1.60 and USD1.20 per barrel, respectively,” the DOE oil monitor bulletin said. (PNA)
