• Big oil price hike on August 23

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    Consumers will experience another big-time pump price hike effective 6:00 a.m. on August 23.

    Pilipinas Shell, Caltex, Seaoil, PTT Philippines, Eastern Petroleum and Phoenix Petroleum will implement a
    price increase of P1.35 per liter on gasoline and P1.45 per liter on diesel Tuesday morning.

    Shell, Seaoil and Caltex will raise kerosene prices by P1.25 per liter.

    Based on Department of Energy data as of August 16, most oil companies had increased gasoline prices by 55 centavos per liter, diesel by 70 centavos per liter and kerosene by 65 centavos per liter.

    These price movements brought the year-to-date adjustments at a net increase of 64 centavos for gasoline and P3.33 for diesel. Liquefied petroleum gas (LPG) remains at net decrease of P8.48 per kilogram (kg).

    Retail prices in Metro Manila as of August 16 were as follows: diesel at P23.96-27.10 per liter with common price of P25.85; gasoline at P33.85-40.90 with common price of P39.05; and LPG at P492-620.

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