Gas up by 50 centavos, diesel by 15

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Oil firms are set to increase pump prices for the third time in August by 50 centavos per liter for gasoline and 15 centavos per liter for diesel.

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Pilipinas Shell, Caltex, Seaoil, Eastern Petroleum and Phoenix Petroleum advised that they will implement the price adjustments effective on Tuesday, August 30, at 6 a.m.

Shell, Seaoil and Caltex will also raise kerosene prices by 20 centavos per liter, effective also on Tuesday, August 30, at 6 a.m.

Department of Energy data as of August 2 showed that most oil companies increased gasoline prices by P1.35 per liter and diesel and kerosene prices by P1.45 per liter.

These price movements brought the year-to-date adjustments of gasoline and diesel at net increases of P1.99 and P4.78 per liter, respectively.

Liquefied petroleum gas (LPG) remained at a net decrease of P8.48 per kilogram (kg).

As of August 23, retail prices in Metro Manila for diesel were between P24.85 and P28.250 per liter with common price of P27.30; gasoline, between P35.20 and P42.25 with common price of P40.40; and LPG, between P392 and P620 per P11 kilogram cylinder.

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